Chief Financial Officers in today’s business environment are looking to operational areas such as accounts payable to drive sustainable value for their businesses. Sarbanes-Oxley initiatives, profitability objectives, and a focus on increasing cash flow are all drivers for a practical and powerful strategic approach.
Today Agilent Technologies reveals that it is the latest organization to join OB10, the global e-Invoicing network. Agilent Technologies Global Financial Services organization is recognized as “One of the 10 Most Admired Shared Service Organizations for the Second Year in a Row” by the Shared Services and Outsourcing Network.
The UK Cabinet Office has begun releasing a new body of guidance to help expand the use of shared service delivery models in government. The plan is to build up a comprehensive body of knowledge.
Convergys Corporation (NYSE: CVG), a global leader in providing customer care, human resources, and billing services, announced it has completed the acquisition of the Finance and Accounting (F&A) Business Process Outsourcing (BPO) business of Deloitte Consulting Outsourcing LLC, a subsidiary of Deloitte Consulting LLP.
The merger of two key providers of Finance and Accounting services will be of considerable interest to shared services operators. HMSL has now a truly global technology partner, in Bottomline, to develop its market penetration, while Bottomline can integrate its service deeper into the key AP and AR processes. This sort of synergy should be worth watching!