{"id":1428,"date":"2022-12-15T13:52:53","date_gmt":"2022-12-15T08:22:53","guid":{"rendered":"https:\/\/insight.thomsonreuters.in\/business\/?post_type=insight_resource&#038;p=1428"},"modified":"2023-02-16T14:09:29","modified_gmt":"2023-02-16T08:39:29","slug":"forbes-magazine-special-feature-the-future-of-shared-services","status":"publish","type":"insight_resource","link":"https:\/\/insight.thomsonreuters.in\/business\/resources\/resource\/forbes-magazine-special-feature-the-future-of-shared-services","title":{"rendered":"Forbes Magazine Special Feature: The Future of Shared Services"},"content":{"rendered":"\n<h4 class=\"wp-block-heading\">Shared services providers, or global capability centres (GCCs), are becoming global in-house consultancy powerhouses. This special feature explores how visionary GCCs are embracing technology to create strategic business value for their multinational corporations, earning GCC leaders a seat at the table as trusted business partners.<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Finance is a key focus area, with 72% of GCCs in India now managing both transactional and knowledge-based finance processes. These range from accounting, financial planning and analysis to specialist work such as global tax compliance and statutory reporting.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Faced with expanding workloads, GCCs are increasingly leveraging automation-enabled financial compliance tools to meet ongoing expectations of delivering cost and process efficiencies. Many are also harmonising end-to-end processes through content-driven cloud-based technology.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Discover how tech-enabled GCCs are realising numerous benefits, including the ability to:<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Respond faster to regulatory updates<\/li>\n\n\n\n<li>Efficiently integrate and analyse new business information<\/li>\n\n\n\n<li>Forge closer cross-departmental working relationships<\/li>\n\n\n\n<li>Reduce duplicated effort when managing data collection, workpapers, calculations, report iterations<\/li>\n\n\n\n<li>Give skilled staff more time to focus on higher-value work<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-font-size has-medium-font-size\"><a class=\"wp-block-button__link has-white-color has-luminous-vivid-orange-background-color has-text-color has-background wp-element-button\" href=\"https:\/\/images.thomsonreuters.com\/Web\/TRlegalUS\/%7B376d129a-98d3-4a56-9a59-1579e17ca7f1%7D_Forbes_India_Marquee-_Digital_Version.pdf\" style=\"border-radius:9px\">Download now<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Faced with expanding workloads, GCCs are increasingly leveraging automation-enabled financial compliance tools to meet ongoing expectations of delivering cost and process efficiencies. Many are also harmonising end-to-end processes through content-driven cloud-based technology.<\/p>\n","protected":false},"author":107,"featured_media":1300,"template":"","categories":[920],"tags":[879,236,921,890,850,747],"resource_type":[922],"insight_job_role":[704,713,781,715,719,720,718,721,848,783,919,784,826,837,732],"insight_practice_area":[],"class_list":["entry","author-corpadmin","has-excerpt","post-1428","insight_resource","type-insight_resource","status-publish","has-post-thumbnail","category-shared-services","tag-cloud-technology","tag-finance","tag-global-capability-centres","tag-global-tax","tag-statutory-reporting","tag-tax-and-accounting","resource_type-magazine","insight_job_role-accounts-finance-professional","insight_job_role-chief-financial-officer","insight_job_role-chief-tax-officer","insight_job_role-compliance-risk-manager","insight_job_role-finance-director","insight_job_role-finance-manager","insight_job_role-financial-controller","insight_job_role-financial-planner","insight_job_role-financial-professional","insight_job_role-head-of-international-tax","insight_job_role-head-of-shared-services","insight_job_role-head-of-tax","insight_job_role-senior-executive","insight_job_role-tax-manager-director","insight_job_role-vice-president","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Forbes Magazine Special Feature: The Future of Shared Services - TR - Business Insight India<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insight.thomsonreuters.in\/business\/resources\/resource\/forbes-magazine-special-feature-the-future-of-shared-services\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Forbes Magazine Special Feature: The Future of Shared Services - TR - Business Insight India\" \/>\n<meta property=\"og:description\" content=\"Faced with expanding workloads, GCCs are increasingly leveraging automation-enabled financial compliance tools to meet ongoing expectations of delivering cost and process efficiencies. Many are also harmonising end-to-end processes through content-driven cloud-based technology.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/insight.thomsonreuters.in\/business\/resources\/resource\/forbes-magazine-special-feature-the-future-of-shared-services\" \/>\n<meta property=\"og:site_name\" content=\"TR - Business Insight India\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-16T08:39:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insight.thomsonreuters.in\/business\/wp-content\/blogs.dir\/4\/files\/sites\/30\/2022\/04\/GettyImages-1072960902-e1651207120192.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2309\" \/>\n\t<meta property=\"og:image:height\" content=\"883\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insight.thomsonreuters.in\/business\/resources\/resource\/forbes-magazine-special-feature-the-future-of-shared-services\",\"url\":\"https:\/\/insight.thomsonreuters.in\/business\/resources\/resource\/forbes-magazine-special-feature-the-future-of-shared-services\",\"name\":\"Forbes Magazine Special Feature: The Future of Shared Services - 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