The case for a Chinese shared service centre

Are shared service centres a necessity or a luxury for expanding Chinese companies? And what factors should be considered when setting one up?

One or even a few shared services within a company’s group structure in one location is nothing out of the ordinary. So establishing a specific shared service centre SSC would be a logical step for a company to grow its business at home or even abroad. But according to Jason Wang, Henkel’s Greater China chief financial officer, the shared service centre model is being applied not only for treasury functions but also for many other finance operations.

“Henkel’s shared service centre model is a pyramid structure providing worldwide outstanding financial services. The role of the SSC is to ensure corporate governance and to provide an optimal financing structure for the group,” said Wang at...

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