Latest Centralisation Articles
ArcelorMittal is the world’s leading steel and mining company, operating in 60 countries, and employs about 245,000 people worldwide. In this case study, Edwin Bennaars, chief executive officer (CEO) and chairman of Arcelor Mittal Shared Service Centre Europe (SSCE) reports on the group’s worldwide network of SSCs and how SSCE was established in Poland to support the group’s European operations.
Shared service centres (SSCs) have steadily expanded beyond their original basic remit of assisting cost efficiency, financial and risk management. This article examines the growing number of functions that they perform for treasury and suggests how developments such as the single euro payments area (SEPA) is likely to further expand their range.
At a time when many corporate budgets continue to be under pressure, shared service centres (SSCs) are too often regarded as a means of achieving cost cuts. This article outlines the many other benefits they offer and examines why Eastern Europe is an attractive location for establishing a shared service operation.
Against the backdrop of on-going economic uncertainty, organisations are increasingly looking to their shared service centres (SSCs) to deliver additional value. This article looks at how SSCs are expanding their scope and objectives, while considering the key enablers and challenges to change.