Shared service centers

We enable global and local asset finance companies to deliver their transformation and change management initiatives.

Services:

Shared Service Centers

Asset finance operations centralizations through a shared service center provide organizations with many benefits including operating on a single system, process harmonization and best practices as well as clear and efficient Service Level Agreements (SLAs).

By setting up shared service centers it is possible to make significant cost reductions. The specific performance of shared service centers needs to be defined through cause-effect relations, linking the customer value proposition to back-office processes and vice versa. In this way, beyond defining shared service centers as cost centres, the contribution of shared services centers to competitiveness and performance can be established and controlled. Also this is an enormous boost to the morale and motivation of workers in shared service centres.

Over the years Richmond Consulting have assisted and managed many centralization projects and set-up regional and global shared service centers resulting in major cost savings and improved controls for our customers. We have successfully centralized the following asset finance functions:

  • Credit risk
  • Contract activations
  • Invoicing and collections
  • End of term
  • Asset remarketing and disposal
  • Accounting

Resulting in:

  • Reducing costs of decentralization, to increase the quality and professionalism of support processes for the business
  • Increasing cost flexibility for supporting services
  • Creating a higher degree of strategic flexibility

Working with Richmond

Asset finance expertise

Serving our clients for over 20 years

Global reach - local execution

Delivering projects in Europe, the Americas and Asia

Practical and pragmatic

Experienced, knowledgeable, safe