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Shared Services |
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Singapore is emerging as a firm favourite for the centralisation of services - a global trend which has its foundations in lower operating costs, consistent service levels and enhanced productivity.
Singapore targets four categories of shared services activities: IT, finance, logistics and general functions including administration, human resources and manufacturing services. These activities leverage on the country's existing strengths in infocommunications technology, finance and logistics.
Singapore's value propositions have attracted more than 7,000 MNCs, many of which have established regional or international headquarters here. As their operations grow, they have found that it makes increasing sense to consolidate certain corporate horizontal functions in one location.
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