IJBTT

How Technology Benefits the Use of Shared Service Models in Business
	© 2022 by IJCTT Journal
	Volume-70 Issue-8
	Year of Publication : 2022
	Authors : Jugander Kumar
	DOI :  10.14445/22312803/IJCTT-V70I8P102

How to Cite?

Jugander Kumar, "How Technology Benefits the Use of Shared Service Models in Business," International Journal of Computer Trends and Technology, vol. 70, no. 8, pp. 8-14, 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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