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By killing its Excel-based accounting model for FX transactions, the Indian FMCG group has saved both time and the money lost through costly human-based errors.
With virtual accounts, the Indian FMCG has automated a key aspect of its payments process to distributors. Time saved is equivalent to three hours a day.
With a referendum being held on June 23, a British exit from the European Union is now a distinct possibility. CT asks what the financial impact could be.
Based on a Deloitte survey conducted in 2013 and completed by 277 financial executives, CT has selected some key findings on where, why, and how shared service centres (SSCs) are used.