Global systems leverage internet technology, enabling you to consolidate your IT and business operations, saving you time and money. By consolidating multiple data centers, you save IT administrative costs and conserve potentially scarce IT resources. By also consolidating business operations, you can operate shared service centers in order to exploit economies of scale, lower finance administrative costs, reduce complexity, and enforce consistent business practices worldwide. Once the enterprise shifts to global systems, the finance organization can operate shared service centers in key functional areas such as procurement, disbursement, order management, accounts receivable, project management, treasury, and general ledger. Shared service centers enable the enterprise to reduce finance administrative costs by exploiting economies of scale.
Complexity is reduced by integrating information and processes to eliminate redundancies.
Shared services also make it easier to enforce consistent business practices on a worldwide basis, ensuring that all facets of the global organization conform to practices that are consistent with corporate objectives. Review Project Performance from a Global Perspective Successful execution of project-based work, whether large and complex or numerous and repetitive, requires an optimum combination of team members and resources, regardless of location. When an enterprise operates projects across regions and countries, it is critical to have some way of managing global project performance. At the same time, you need to provide local project management with enough flexibility to operate according to regional and local conditions. Oracle Projects provides a single information and transaction source that gives you the ability to incur, bill, and report cost in any currency, or in multiple currencies.