Test Blog Post by GBS Authority Member
Renuka
July 17, 2023
Testing Creation of Blogs by GBS Authority Member
Our aim at Inixia is to professionalize the shared services industry and improve
the success rate of business transformation efforts in all industries.
How Can GBS Leaders Simultaneously Manage Cost-Reduction, Service Level Improvement and Grow the Service Footprint? This question is more relevant now than ever.
Newer technologies like Big Data, AI, ML, etc., have given us the ability to harness data to derive meaningful insights and trends, which in turn, are helping industries to redefine their business models. Customer experience has taken center stage. Expectations from GBS have also changed.
It is no question that you as a GBS professional would like to, if not now but one day, scale your business. However, I am sure that one question that always arises when the topic of “scaling” comes to mind is, “how does one increase the delivery in value while simultaneously reducing costs?” If this sounds familiar, you are not alone.
In fact, I have been there numerous times and lucky for you, I have both failed and succeeded. This means that I know ways that can lead to failure, and I know ways that can lead to success. And my goal is to help you succeed without failing. In the following, I am going to share with you 5 tangible steps for each of these concepts (decreasing costs & increasing value) that will help you to not only increase the value of your business, but also reduce costs and create the scaled business of your dreams.
GBS is a unique and brilliant construct because it has a broad overview of most work processes along with transformation leadership experience within a company. What young GBS leaders don’t always have is the experience of being in a business unit or product unit of the company. What if you rotated leaders between GBS and the business for mutual growth and development?
Leadership roles with the ideal outcome being a stepping-stone for talent development is an overlooked strategy when it comes to improving skills in both business units and GBS.
Why are professionals leaving? And how do our organization leaders manage the duality of holding onto their current workforce and hiring on new long-lasting talent?
Being a GBS professional amid a pandemic, I am sure that you have noticed the changes going on around you at work; personally, it is something that we can’t help but notice. People are leaving, people are re-evaluating, and people are considering their options. The massive changes in the world have had a dramatic effect on the employee value proposition, especially in the shared services industry
Building and Running a World-Class GBS Organization
Perception! That’s a perfidious companion for every service leader. Months and years of diligently exceeding service levels can be negated with just one anecdotal issue. The only way to manage this is to diligently and continuously tell your story on performance management. Choosing what metrics to report and how to share your message is key to managing perception.
Time, commitment and vision. These are three essential characteristics of a strong Financial Shared Services (FSS) organization. Companies engaging in an FSS strategy will often be on different timelines, start with different parts of their organization and achieve optimization at different rates of pace. In this article, I am going to discuss ways you can create value and scalability throughout your organization with Accounting Services. Accounting Services are typically viewed as transactional activity. However, with a deeper dive, it becomes clear that Accounting Services can drive global standardization and simplification of processes and have the skills to become a key business partner creating value through enhanced services such as; accounting guidance, system/tools selection and M&A support.
Today, global business services (GBS) organizations play a vital role in providing support functions for large enterprises. As the “nervous system” of an organization, GBS has the power to enable business transformation and drive growth. However, to do so effectively, GBS must adopt a transformative mindset and embrace a culture of continuous improvement. In the following, I will explain the importance of driving a transformative mindset in GBS organizations and provide insights on how to achieve it. By prioritizing design thinking, business processes, and business imperatives, GBS can deliver exceptional value and drive long-term success for organizations.
Testing Creation of Blogs by GBS Authority Member
Testing Creation of Blogs by GBS Authority Member
Inixia – meet our team and check how we can help your organization
The strategy of Running as a Business is a gamechanger.
Why is a Professional GBS Certification so valuable? (Mert Kacmaz of Mars, Inc.)
Why is Service Management so important ?
Locations : Cincinnati | New York | London | Rome | Naples FL | New Delhi
There was a problem reporting this post.
Please confirm you want to block this member.
You will no longer be able to:
Please note: This action will also remove this member from your connections and send a report to the site admin. Please allow a few minutes for this process to complete.