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Saturday, September 20, 2008

FederalNewsRadio - CFO Insights - Phyllis Scheinberg (DOT)

Shared Services: How it is changing the role of CFOs offices across the federal government.

Phyllis Scheinberg - Assistant Secretary for Budget and Programs/Chief Financial Officer, Department of Transportation

More federal agencies are expected to adopt the shared services model as a leading practice. Shared services, a model that consolidates support operations into a service-oriented organizational unit, can substantially improve back-office efficiencies by eliminating duplication and streamlining processes. Please join Phyllis F. Scheinberg, CFO, U.S. Department of Transportation and Richard Sarkissian, Principal, Deloitte Consulting LLP as they discuss how shared services are changing the face of CFOs across the federal government.

Highlights:

Organizations will continue to seek to balance cost reduction and risk mitigation through the optimal mix of on/off-shore captive shared service centers and outsourcing

Shared Services will continue to be a tool to help organizations eliminate redundant functions, reduce costs, and provide a platform to realize operational synergies through common processes and data

Use of Shared Services will be top of mind for many executives as they rethink their service delivery strategy in light of new strategic directions

Shared Services operations will continue to optimize and deliver increasing levels of value to the organizations' business units by enabling them to focus on core business activities and customers
Shared Services will become a source of new talent that can be incubated in the center and moved into global line management roles, both in country and internationally

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