Financial management is changing. Today, the most efficient organizations not only
digitize their processes, but also consolidate them under shared services. models
. What does this mean? Instead of replicating operational tasks in each business unit
, functions such as accounts payable, reconciliation, and management control are
centralized in specialized teams, with strong technological support.
This approach not only reduces costs, it also solves everyday problems such as:
- Monthly reprocessing of incorrectly classified or duplicate invoices
- Delayed or manual bank reconciliations
- Unexplained deviations in the accounting reports
- Late payments due to scheduling errors
- Misaligned budget control between areas
- Common errors in accounting entries and month-end closing
- Or the lack of follow-up on key tasks such as supplier complaints, record keeping
, or interaction with external audits
With the shared services model, these tasks cease to be a constant chore for the
internal team and are standardized, controlled, and optimized
by an expert team.
What is a shared services model?
A shared service center (SSC) is a centralized unit that manages financial processes
for the entire organization. It's a common approach in large corporations, but
it's also suitable for mid-sized businesses looking to gain efficiency.
At Novatium, we're empowering this transformation with a holistic approach:
we combine
technology, process redesign, and intelligent automation to make Finance work
better, with less operational effort.
How do we implement it at Novatium?
We do it in stages, without interrupting the operation:
1. Diagnosis: We assess current flows and the actual volume of tasks.
2. Redesign: We identify bottlenecks, repetitive tasks and automation points
3. Implementation: We design a shared services model tailored to the
company's reality, scalable and efficient.
4. Knowledge transfer: We guarantee an orderly transition, including training
and operating manuals.
All this with clear metrics, dashboards and defined service level agreements
(SLAs).
Concrete benefits for your business
- Lower operating costs due to consolidation of functions
- Greater traceability and control in accounting processes
- Reduction of manual errors
- Faster and more reliable monthly closings
- More time for the finance team for strategic tasks
Are you ready to professionalize your back office?
At Novatium, we work with companies looking totransform their financial
management,
without relying on vague promises or magic tools. We design real, implementable
solutions tailored to each context.
Complete your application on this form