Centralizing finance has been a strategy for many years now. The initial reasons are often to reduce administration costs and lower wage arbitrage as well as enable transactional control. Moving from a pure transactional perspective place other opportunities and challenges in the center such as:
How can downstream accounts payable help develop upstream procurement and supply chain?
If you are organized in silos – how can you make sure value is not lost in the end-to-end process?
In the need for increased management support – how do you make sure support is what you get?
In the fight to reduce cost the overall strategy might be lost, leaving money on the table which in itself is a paradox. End-to-end control can only be achieved with end-to-end overview of processes, structures and insight into who need to do what for strategy to happen.
In this interview we listen to Mikael Ebefors, Manager Head of Finance Centre at Martin&Servera share his experiences from large organizations and shared service centers. Mikael will also be joining us as a Theme Discussion moderator at Source to Pay Summit 2015.