Value Creation by Ashu Bhatia

Author:Ashu Bhatia [Ashu Bhatia]
Language: eng
Format: epub
ISBN: 978-1-61254-078-8
Publisher: Brown Books Publishing Group
Published: 2012-02-15T00:00:00+00:00

Some of the best practices in the industry for chargeback mechanisms are:

• Solicit input from operating unit clients—these are the people who will see shared services costs on their profit and loss statements.

• Ensure that chargeback data provided is easy to understand and is actionable.

• Establish stable pricing, where applicable, to support a joint planning process.

• Avoid creating a chargeback model that requires an “army” of accountants to administer.

• Avoid creating complicated allocation methodologies for immaterial balances.

• Utilize a chargeback method to encourage better business behavior throughout the organization.

• Operate as a business and establish a strong service provider/customer relationship.

• Conduct frequent comparative benchmarking studies; develop formal programs to move toward being best in class

• Separate legal entity/regulatory reporting from management reporting.

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