International Journal of Computer
Trends and Technology

Research Article | Open Access | Download PDF

Volume 70 | Issue 8 | Year 2022 | Article Id. IJCTT-V70I8P102 | DOI : https://doi.org/10.14445/22312803/IJCTT-V70I8P102

How Technology Benefits the Use of Shared Service Models in Business

Jugander Kumar

Received Revised Accepted Published
18 Jun 2022 20 Jul 2022 01 Aug 2022 15 Aug 2022

Citation :

Jugander Kumar, "How Technology Benefits the Use of Shared Service Models in Business," International Journal of Computer Trends and Technology (IJCTT), vol. 70, no. 8, pp. 8-13, 2022. Crossref, https://doi.org/10.14445/22312803/ IJCTT-V70I8P102

Abstract

Oracle Enterprise Resource Planning (Oracle Cloud ERP) allows businesses to adopt shared service models to manage essential business operations such as finances, supply chain, human resources, information technology, and legal. The progressive adoption of Oracle cloud ERP by multinational corporations in the past decade demonstrates its effectiveness in increasing value and opportunities for gradual or exponential growth. Building on prior research, this article offers a systematic approach. It provides innovative leaders with strategies to optimize value-addition, adopt best implementation practices for using Oracle cloud ERP system, and handle business processes efficiently and effectively. The purpose of this study is to present managerial solutions that create cost reduction in overall operations. Therefore, it focuses primarily on implementing shared service models using the Oracle cloud EPR system to improve the financial services for an organization significantly.

Keywords

Integrated and centralized financial operations, financial solutions, Shared Service centre, Oracle cloud ERP systems, innovative entrepreneurship, cost reduction.

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