{"id":3197,"date":"2017-09-18T20:16:00","date_gmt":"2017-09-18T20:16:00","guid":{"rendered":"https:\/\/www.peeriosity.com\/shared-services\/articles\/?p=3197"},"modified":"2022-09-06T21:40:37","modified_gmt":"2022-09-06T21:40:37","slug":"consolidating-the-fixed-asset-process-into-shared-services","status":"publish","type":"post","link":"https:\/\/www.peeriosity.com\/shared-services\/articles\/2017\/09\/consolidating-the-fixed-asset-process-into-shared-services\/","title":{"rendered":"Consolidating the Fixed Asset Process into Shared Services"},"content":{"rendered":"

Introduction<\/strong><\/span><\/p>\n

For manufacturing companies with large production facilities, many with more than $100 million USD<\/a> in active asset valuation, making the decision on how to best complete the work steps in the end-to-end Fixed Asset property process becomes complicated.\u00a0 While there are benefits to centralizing or performing work activities in Shared Services, there may be enough transactions on a per plant basis to suggest that having local staff is a preferred approach.\u00a0 However, for most companies, performing the Fixed Asset process in Shared Services is likely to be the best alternative, particularly when you have a global process ownership model in place for the Fixed Asset process.<\/span><\/p>\n

Company Experience<\/strong><\/span><\/p>\n

During a recent Peeriosity PeercastTM<\/sup>, a global manufacturing company with over $25B in annual revenue shared information about their approach to consolidating the Fixed Asset process into Shared Services.\u00a0 Their approach was to start in the country where most assets were located and transition Fixed Asset processing from plant locations to Shared Services over a two-year period.\u00a0 Internationally, the approach was to move to a country-by-country ownership model.\u00a0\u00a0\u00a0<\/span><\/p>\n

The company includes the following processes within its scope:<\/span><\/p>\n