Benefits of Shared Value Services for Your Business

October 1, 20190

Tips for implementing shared Value Services

In our last couple of posts, we dealt with the definition of a Shared Services Model, and how it is a useful tool for businesses to use to improve efficiency and cut out waste. But you might be wondering whether these models also have any further benefits- and you’d be right! In fact, Shared Services Centers offer a whole host of advantages to companies, making them the smart choice for those who want to excel above the competition. From helping staff be clear on their key roles, to making it easier to decide on the best way forward to drive growth, shared services models are the key to unlocking your company’s full potential. In this article, we will take you through those benefits, to demonstrate just why Shared Services Value could be the business solution you’ve been looking for.

Here are the list of advantage of implementing Shared Values Services:

A Fully Coordinated Organisation:

It’s a fact that businesses perform better when staff know exactly what it is that they are meant to be doing. When your company isn’t split up into more manageable chunks, then not only it becomes difficult for managers to coordinate the business, but also employees are not aware of what it is that they are supposed to focus their efforts on. By implementing a shared services model, your whole organisation will instead be divided into smaller teams, each with a clear role to play.

Resources and technology are pooled between those who need it, this approach is a much more efficient business model than simply hoping that work will find its own way to the relevant department. When departments need to collaborate to complete a project, it’s also much clearer as to who they need to work with, cutting down on wasting time, and getting things sorted sooner. Tips for implementing shared services

It also makes it easier to standardise processes across your whole organisation, meaning not only are you operating to maximum efficiency, but customers also receive the same high quality experience, whichever department they deal with. This also makes training your staff much easier, too. Since they are all expected to work and act in the same way when dealing with customers, you won’t need to find a separate training course for each department. Instead, they can all go through the same training schemes, which will save your company both time and money.

Make The Most of Your Staff’s Talents:

We’ve all heard the phrase “jack of all trades, master of none”, and that’s certainly true in the business world. There’s a reason why successful businesses will hire a specialist for one particular task, or outsource that task to a professional. Someone who focuses their skills on one key area will be able to do a much better job of it than someone who is also trying to juggle multiple tasks that have little to do with each other. In a Shared Services Centre, there is a definite culture of collaboration, where people are able to pool their skills to complete a project successfully. With the expertise and mindset to optimise your business model, and the skills to turn that model into a reality, shared services lets you get the most out of your staff, and group departments together based on how much they complement each other.

Freeing Up Time and Resources:

It simply doesn’t make sense to ask your corporate staff to take care of tasks that really should be handled by operational staff. However, it’s surprising how many companies do just that, wasting corporate time with red-tape tasks and distracting them from the important business of making sales and building up profits. By thinking on the way your organisation is structured, you will be able to ensure that everyone is doing what they are supposed to do , and keep your entire company pulling together in the right direction. The amount of time and resources which can be saved in this way is astonishing, and will likely result in a significant boost to your sales figures as a result.

Decision Support:

One of the areas where Shared Values Services Centres really excel is analytics. Instead of having an information overload, and never making the most of the data available to you, shared services makes it much easier to break that data down into manageable, actionable chunks. Each unit will know what it is that they are focusing on, and can then take those analytics and turn them into a real plan for the future. Managers can focus their attention on their departments, whereas executives can get a clear picture of just how the organisation as a whole is doing, instead of having to wade their way through a wealth of irrelevant data.

Greater Flexibility:

Shared Services originates via numerous different delivery channels or geographic locations, they allow for a huge amount of flexibility. Whether you are using them to back up your main base of operations, or to expand into a whole new market on the other side of the world. Shared Services Centres are a great way of giving your organisation a little extra oomph. They also help to foster a culture of collaboration. Here one department might not be able to tackle a project completely on its own but at least they will know who to reach out to in order to get the job done.

Conclusion: Shared Value Service Centres help your business adapt to any opportunities that might come your way- so they are an excellent way for any company to stay one step ahead of the competition.

6 Ways to Ensure Success When Working with a Near Shore Team

“I do what you can’t, and you do what I can’t. Together we can do great things. ” – Mother Teresa

This phrase reflects that knowing working in groups is an essential characteristic to succeed in life, including the professional.

A good team is an invaluable work machine, but it doesn’t work well spontaneously. To achieve excellence and goals collectively team work is needed. Like bringing together people with great individual skills who care exclusively about doing their job. Therefore, in Bluechip-gulf we give you 5 characteristics of a successful team.

Tips to get Success with a Near Shore Team Work

1. Variety of profiles:

The best results are achieved after a process of planning and strategy decision. The success of any business guarantees that the team should be composed of professionals. Every professional should be carry different profiles that provide their own vision. Then fit it into the group approach. The more different points of view there are, the better the way to proceed and the greater the probability of achieving the determined goals.

2. Leadership:

For a team to achieve good results, there must be a leader who helps establish a shared vision and reinforces the group’s shortcomings. This figure allows us to establish performance parameters and make clear what is expected of each one. This provides an environment suitable for mutual evaluation and information exchange.

3. Collective attitude:

In a team with mutual support, when someone is overloaded or stuck with a problem, they will receive help from their peers. This allows correcting on the fly the problems of excessive tasks and the last-minute changes they may face. Inducing collective support leads to greater adaptation of members to their environment and prevents chores from being abandoned, preventing people from undergoing pressure and collapsing.

4. Monitoring and feedback:

In a successful group, collaborators – in addition to observing themselves – should also look at the work of their peers in order to provide the necessary feedback to prevent shortcomings or correct mistakes quickly. There must be an environment of trust so that constructive criticism is not perceived as threats. For all members to have global information on what is happening in the company and in the work of their colleagues.

5. Ability to promote and decide:

It is important that teams feel they have some autonomy when making decisions about their work. Obviously, the objective is marked by the company but the real assets are the members of the group entrusted with the specific project. By having the freedom to act, your involvement and commitment to the organisation may increase.

6. Prepare the strategic map of your company:

The planned strategy will help you understand how each categories in the Integral Scorecard is interrelated to each other. This practice aims to clearly define the goals of the company and help them make it easier to communicate all the employees. It is a visual representation of the strategy and a way to explain how company seeks to fulfil the mission and vision through the specific goals that have been set.

Conclusion:

We should set a team works, to increase the productivity and competitiveness of an organisation. By implementing this, employees will feel valued and taken into account by the company. This will increase their motivation, commitment and quality work environment for the company.

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