Afaqs – 4th September, 2012 – New Delhi: All India Management Association (AIMA) and Delhi Management Association (DMA) in collaboration with RvaluE as Knowledge Partner, have come together to conceptualize and organize the 2nd National Conclave on 21st September 2012 on the Theme – 'Shared Services – A Strategic Enabler to Business' at Hotel Le Meridien, New Delhi. The primary objective of the conclave is to capture and disseminate understanding of the implementation of the Shared Services model by Indian Organizations, and spreading its adoption by fully leveraging the best practices from Global Shared Services and off-shoring operations. On behalf of DMA, Mr. Sunil Sayal, Regional CFO of Nokia Siemens Network is the Program Director.
In the current economic scenario, visionary CEOs, CFOs, CXOs are looking at building "best in class" business functions with embedded and enhanced controls, enabling metrics-based decision making to lead and support their enterprise cost saving mandates, and ensuring effective use of information, costs and capital to deliver value to all key stakeholders.
Ravi Ramakrishnan, Founder & CEO, RvaluE Consulting, said, "With India emerging as a global economy and the leading global destination for off shoring of IT and IT Enabled Services (for Captive Shared Service Centers as well as Outsourcing operations), Indian Corporations have commenced exploiting Shared Services as a strategic enabler for business and growth. In-creasing complexity and volatility of today's business environment is demanding a transformation of service functions. "
The One-Day Conclave aims at showcasing the SSC/CPC success stories of companies and how the adoption can become a strategic enabler for your growth plans, with three streams:
*Announcement of Shared Services Excellence Awards and Recognitions, and
*Release of a specific Survey Report on Shared Services adoption by Indian Organizations
"The last decade has seen the emergence of true adoption of Shared Services in India. It is possibly the beginning of a new era where we are challenging existing legacies, and building an innovative India," said Ravi Ramakrishnan, Founder & CEO, RvaluE Consulting. "The time is now ripe for Excellence Awards & Recognition to those who have achieved Strategic Goals & Transformation through Shared Service Centers (SSC)". Last year Hindustan Unilever and Future Group bagged the awards.
"The Shared Services Model transforms not only Finance & Accounting processes, but also all 'staff and service functions' like Operations, Human Resources, Supply Chain & Logistics, Marketing Services, IT Services" said Rakesh Sinha, Vice President, RvaluE Consulting. "These 'staff' functions are transitioned to operate like 'line' functions, moving from 'a support function to become a strategic function' – thereby unlocking huge value to business" Rakesh further added.
Eminent speakers invited at the Conclave include Shantanu Ghosh, SVP & Global Head – Practices, Solutions & Transitions, Umang Vohra, CFO, Dr. Reddy's Laboratories, Ravi Ramakrishnan, Founder & CEO, RvaluE Consulting, Dr. Mukesh Aghi, Chairman & CEO, Steria India Gaurav Gupta, Partner, A T Kearney, Vipul Khanna, SVP & Global Head – BPO Cognizant. Prominent experts from other corporate will also be sharing their thoughts and views.
Many Global and Indian organizations across multiple domains have set up their own Shared Services across multiple functions. To name a few: Tata Motors, Airtel, Ericsson, Hindustan Unilever, Future Group, Nestle, American Express, Citi Bank, HDFC, and ICICI.