Shared Services

“By virtue of us performing corporate-wide audits on a daily basis, it really takes the need for additional audits off the table, particularly at a business unit level. When audit agencies have to come in, we direct them to the Shared Service Center, as we have already audited the data. This provides the company with a real-time and cost benefit.”
– Rick Smartwood, Senior Finance Manager, Shared Services, Lockheed Martin

As the transactional engine of an organization, Shared Service Centers play a key role in championing efficiency improvements and ensuring the effectiveness of internal controls. With high emphasis placed on streamlining processes and automating repetitive tasks, it’s no surprise that we see ACL technology used at very high levels of efficiency within the Shared Service function.

Deliver exceptional levels of service to internal customers while reducing costs and streamlining operations
Manage data from multiple platforms, such as ERP applications, legacy systems and outsourcing arrangements
Positioned to protect the organization against key risk areas, such as operational inefficiencies, errors, fraud and regulatory compliance violations

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Working with bigger, centralized sets of data

The huge volume of data and transactions within Shared Services requires powerful, specialized technology that can handle substantial processing requirements. A combination of analytic and monitoring programs across business processes can result in higher levels of productivity, stronger internal controls, and a significant return on investment.

Shared Service departments across the globe are taking advantage of the flexibility of ACL AuditExchange to help streamline processes and provide better oversight. AX is a server-based technology that runs 24/7, providing centralized data extraction while improving efficiency and quality of work.

Critical analytics can be scheduled to run on a regular basis, with results sent automatically to the right stakeholders.

Analytics are scheduled to run automatically.