Peeriosity Insights: Recent Research Findings Summarized insights. To view detailed research results, contact us to inquire about membership.

Shared Services and the Corporate Travel Function Reporting Relationship

For the end-to-end Travel Process, Shared Services often has responsibility for the Expense Reporting portion.  The Corporate Travel function, where activities such as travel bookings and negotiating travel discounts take place, doesn’t necessarily align with the Expense Reporting process and often does not report into Shared Services. Recently, a Peeriosity member representing a $50B+ global […]


Posted in Global Business Services | Corporate Card

Formal Knowledge Management Systems in Shared Services

While the primary attributes of any successful shared services implementation can be segmented into the categories of People, Process, Technology, and Strategy, the categories are both interdependent and constantly changing during each phase of implementation and beyond.  The process of Knowledge Management – the act of capturing, developing, and sharing organizational knowledge1 – is critical […]


Posted in Global Business Services

Daily Payment Runs Are Not As Common As You Might Think

Many would guess that for companies who have USD $5B or more in annual revenues, the practice of daily payment runs by Accounts Payable would be the norm.  That guess would be wrong.  Surprisingly, while roughly half of the large global companies process payments on a daily basis, the other half are making payments on […]


Posted in Accounts Payable

Leading Practices in Travel Expense Receipt Requirements

When designing the Travel Expense Reporting process, it is important to consider the proper balance of business controls, potential fraud risks, and the effort required to both process expense reports and for travelers and their managers to submit them.  When it comes to process improvement, the one thing consistently better than automation is the elimination, […]


Posted in Corporate Card

Global Access and Real-Time Updates to Process Documentation

You are probably familiar with the phrase “change begins with measurement”, and many will agree that clearly defined and standardized processes are the ones that are most likely to top any performance measurement chart.  Unless everyone on your global team receives regular updates on new procedures and has easy access to process documentation, process deviations […]


Posted in Global Business Services

Receipt Verification for Services Purchased Using a Purchase Order

While 93% of companies require a purchase order for the procurement of services, there is a wide range of practices for how receipts are verified. These range from no verification of receipt (typically for utilities or service purchases under a specific dollar amount), negative verification (where performance is assumed unless the requestor responds to indicate […]


Posted in Accounts Payable

Effective Shared Services Change Management and Communications

The transition to, and ongoing evolution of, Shared or Business Services comes with major challenges, including transformation related to technology, processes, and most importantly, people’s roles and responsibilities. The impact on internal and external customers, senior management, and the Shared Services team, requires a well-planned and executed change management and communications strategy to enable success. […]


Posted in Global Business Services
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