- May 8, 2018
- Posted by: Jay Schwarb
The traditional definition of shared services is the consolidation of “cost center” business units and departments to save overhead costs.
Today, governments and commercial organizations are also turning cost centers into “profit centers” through leasing or sharing idle resources.
With Enterprise Content Management systems, organizations are able to go beyond the consolidation of HR and IT services to help in sharing resources efficiently leading to enhanced transactional efficiency. Governments are seeing large savings to taxpayers through using Shared Services to lease via intra-governmental (across a county) items like heavy equipment, idle resources, and staffing using an online marketplace. This enables local governments to recapitalize resources and reduce inventory carry costs while turning cost centers into profit centers.