Shared Services - Revision history

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User: Created page with "'''Shared Services'''is a term defining an operational philosophy that involves centralizing those administrative functions of a company that were once performed in separate d..."

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Created page with "'''Shared Services'''is a term defining an operational philosophy that involves centralizing those administrative functions of a company that were once performed in separate d..."

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'''Shared Services'''is a term defining an operational philosophy that involves centralizing those administrative functions of a company that were once performed in separate divisions or locations. Services that can be shared among the various business units of a company include finance, purchasing, inventory, payroll, hiring, and [[Information Technology (IT)|information technology]]. For example, a central headquarters might control all the hiring for an entire chain of retail stores. The term "shared services" can also apply to partnerships formed between separate businesses. In this case, the tenants of an office building might share telecommunications or maintenance service. Shared services are also available on the [[Internet]]. An example of this form of shared services is [[Application Service Provider (ASP)|Application Service Providers (ASPs)]] who offer numerous business clients access to online applications so they can avoid purchasing special systems and [[Software|software]].Defining Shared Services [https://www.inc.com/encyclopedia/shared-services.html Inc.com]</ref>

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-'''Shared Services'''is a term defining an operational philosophy that involves centralizing those administrative functions of a company that were once performed in separate divisions or locations. Services that can be shared among the various business units of a company include finance, purchasing, inventory, payroll, hiring, and information technology. For example, a central headquarters might control all the hiring for an entire chain of retail stores. The term "shared services" can also apply to partnerships formed between separate businesses. In this case, the tenants of an office building might share telecommunications or maintenance service. Shared services are also available on the Internet. An example of this form of shared services is Application Service Providers (ASPs) who offer numerous business clients access to online applications so they can avoid purchasing special systems and software.<ref>[https://www.inc.com/encyclopedia/shared-services.html Defining Shared Services -Inc.com]</ref>
+'''Shared Services''' is a term defining an operational philosophy that involves centralizing those administrative functions of a company that were once performed in separate divisions or locations. Services that can be shared among the various business units of a company include finance, purchasing, inventory, payroll, hiring, and information technology. For example, a central headquarters might control all the hiring for an entire chain of retail stores. The term "shared services" can also apply to partnerships formed between separate businesses. In this case, the tenants of an office building might share telecommunications or maintenance service. Shared services are also available on the Internet. An example of this form of shared services is Application Service Providers (ASPs) who offer numerous business clients access to online applications so they can avoid purchasing special systems and software.<ref>[https://www.inc.com/encyclopedia/shared-services.html Defining Shared Services -Inc.com]</ref>
 ==See Also==
 *[[IT Organization (information technology organization)]]

← Older revision		Revision as of 11:42, 28 December 2022
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−	'''Shared Services'''is a term defining an operational philosophy that involves centralizing those administrative functions of a company that were once performed in separate divisions or locations. Services that can be shared among the various [[business]] units of a company include finance, purchasing, [[inventory]], payroll, [[hiring]], and ~~[[Information Technology (IT)\|~~information technology]]. For example, a central headquarters might [[control]] all the hiring for an entire chain of retail stores. The term "shared services" can also apply to partnerships formed between separate businesses. In this case, the tenants of an office building might share telecommunications or maintenance [[service]]. Shared services are also available on the [[Internet]]. An example of this form of shared services is ~~[[Application Service Provider (ASP)\|~~Application Service Providers (ASPs)]] who offer numerous business clients access to online applications so they can avoid purchasing special systems and ~~[[Software\|~~software]].~~Defining Shared Services~~ [https://www.inc.com/encyclopedia/shared-services.html Inc.com]</ref>	+	'''Shared Services'''is a term defining an operational philosophy that involves centralizing those administrative functions of a company that were once performed in separate divisions or locations. Services that can be shared among the various business units of a company include finance, purchasing, inventory, payroll, hiring, and information technology. For example, a central headquarters might control all the hiring for an entire chain of retail stores. The term "shared services" can also apply to partnerships formed between separate businesses. In this case, the tenants of an office building might share telecommunications or maintenance service. Shared services are also available on the Internet. An example of this form of shared services is Application Service Providers (ASPs) who offer numerous business clients access to online applications so they can avoid purchasing special systems and software.<ref>[https://www.inc.com/encyclopedia/shared-services.html Defining Shared Services -Inc.com]</ref>
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		+	==See Also==
		+	*[[IT Organization (information technology organization)]]
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		+	==References==
		+	<references />

← Older revision		Revision as of 18:20, 6 February 2021
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−	'''Shared Services'''is a term defining an operational philosophy that involves centralizing those administrative functions of a company that were once performed in separate divisions or locations. Services that can be shared among the various business units of a company include finance, purchasing, inventory, payroll, hiring, and [[Information Technology (IT)\|information technology]]. For example, a central headquarters might control all the hiring for an entire chain of retail stores. The term "shared services" can also apply to partnerships formed between separate businesses. In this case, the tenants of an office building might share telecommunications or maintenance service. Shared services are also available on the [[Internet]]. An example of this form of shared services is [[Application Service Provider (ASP)\|Application Service Providers (ASPs)]] who offer numerous business clients access to online applications so they can avoid purchasing special systems and [[Software\|software]].Defining Shared Services [https://www.inc.com/encyclopedia/shared-services.html Inc.com]</ref>	+	'''Shared Services'''is a term defining an operational philosophy that involves centralizing those administrative functions of a company that were once performed in separate divisions or locations. Services that can be shared among the various [[business]] units of a company include finance, purchasing, [[inventory]], payroll, [[hiring]], and [[Information Technology (IT)\|information technology]]. For example, a central headquarters might [[control]] all the hiring for an entire chain of retail stores. The term "shared services" can also apply to partnerships formed between separate businesses. In this case, the tenants of an office building might share telecommunications or maintenance [[service]]. Shared services are also available on the [[Internet]]. An example of this form of shared services is [[Application Service Provider (ASP)\|Application Service Providers (ASPs)]] who offer numerous business clients access to online applications so they can avoid purchasing special systems and [[Software\|software]].Defining Shared Services [https://www.inc.com/encyclopedia/shared-services.html Inc.com]</ref>