Shared Service Centers

Value Driver for Process Efficiency and Economies of Scale

Introduction

Since the onset of 21st century, globalization and development of new technologieshave shifted the focus of companies to concentrate of cost optimization without compromising on effectiveness and efficiency. Shared service models have witnessed a series of evolution from being delivery centres of cost reductionby operational excellence to becoming multi-functional value drivers through process innovation. Finance shared service centres drives significant gains in terms of process efficiency and economies of scale.

Mynd’s Shared Service Centre offers a unique blend of Front end and backend office coupled with services and technology platforms expanded to capture Mobility, Analytics, and Cloud opportunities.

Mynd Shared Service Centre

Enabled by rapid advances in technology, the drive to achieve world-class performance standards is resulting in innovative structures, strategies, and simple solutions to complex business problems. Mynd’s Shared Service Centre has the capability to handle specific operational tasks and transactional issues in Finance and Accounting domain through technology and automation. We work as multi-functional unit that is dedicated to a centralized point of service.

Blending with the right mix of technology, we create customized processes as per the specific needs of business with a focus to improve efficiency and add value to the overall system. Financial reporting and control activities are enhanced by concentrating specialized skills and knowledge within centres of excellence (COE’s)

Centre of Excellence

Single window service & create centers of excellence

Keep up with the Market

Evolve with market and company needs

Efficient System

Drives efficiency and business outcomes

Mynd’s Finance & Accounts SSC

Mynd Levers for Delivering Productivity.

Consolidation

Consolidation of F&A Processes in SSC

Shared Supervision

Shared Supervision layers at the back end to cut on the overlay

Standardization

Standardization of Processes across functions & geographies

Automation

Deployment of automation tools to eliminate manual steps

AI and Robotics Process Automation

Identification of opportunity areas to deploy robotics & Measure to deliver on Improvements

Case Study

Our client is a leading multi-brand restaurant company with ~200 stores across PAN-India. It is one of the major players in operating and managing food courts at various airports in India. The client was facing the issue of delayed vendor payments, leading to disputes and disruption in supplies. This was compelling it to procure material at store level from unauthorized vendors at higher price and lower quality. This was not only leading to cash flow & working capital issues, but also increased the risk of revenue & inventory pilferage. The lack of transparency & visibility on invoice processing lifecycle was impacting vendor relationships and the company's credit worthiness in the market.

Testimonials

What clients say

Mynd Automation Suite

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Introduced teams with team leaders for each sector to take over the process on AS-IS basis. Mynd Integrated Solutions Pvt Limited achieved the target of stabilization of the processes...

Introduced teams with team leaders for each sector to take over the process on AS-IS basis. Mynd Integrated Solutions Pvt Limited achieved the target of stabilization of the processes...

Introduced teams with team leaders for each sector to take over the process on AS-IS basis. Mynd Integrated Solutions Pvt Limited achieved the target of stabilization of the processes...

Introduced teams with team leaders for each sector to take over the process on AS-IS basis. Mynd Integrated Solutions Pvt Limited achieved the target of stabilization of the processes...

Introduced teams with team leaders for each sector to take over the process on AS-IS basis. Mynd Integrated Solutions Pvt Limited achieved the target of stabilization of the processes...

Introduced teams with team leaders for each sector to take over the process on AS-IS basis. Mynd Integrated Solutions Pvt Limited achieved the target of stabilization of the processes...

Introduced teams with team leaders for each sector to take over the process on AS-IS basis. Mynd Integrated Solutions Pvt Limited achieved the target of stabilization of the processes...

Introduced teams with team leaders for each sector to take over the process on AS-IS basis. Mynd Integrated Solutions Pvt Limited achieved the target of stabilization of the processes...

Introduced teams with team leaders for each sector to take over the process on AS-IS basis. Mynd Integrated Solutions Pvt Limited achieved the target of stabilization of the processes...

Introduced teams with team leaders for each sector to take over the process on AS-IS basis. Mynd Integrated Solutions Pvt Limited achieved the target of stabilization of the processes...

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