13 Mar 2015
New funding from CIMA extends research on shared service centres
Ian Herbert and the SSC research team at Loughborough University, have been awarded £162,000 by the Charitable Trust of the Chartered Institute of Management Accountants (CIMA) over three years to continue the work of the CIMA-Loughborough Shared Services Research Project.
This marks a further stage in the evolution of a longitudinal programme started in 1997 to explore the transformation of the contemporary finance function.
Ian Herbert, Deputy Director of the School’s Centre for Global Sourcing and Services, said:
“The shared service model is significant because it is both driving and ‘operationalising’ the process of change in finance and a number of other professional support services. Previous findings from the research indicate that the SSC, as both a new organisational form and the encapsulation of a range of new working practices, will have fundamental consequences for accountants in terms of 1) how management accounting will be performed; 2) who will be doing it; and 3) where it will be done.”
Central themes in the new phase of work are:
- What roles will develop for management accountants (MAs) in the SSC environment?
- What skills, techniques and training will be required?
- What will the relationship with retained finance be, and will higher level work such as business partnering be migrated to the SSC model?
- How will the talent pipeline within finance be maintained if the ‘training nursery’ is moved offshore?
- Ian Herbert, Senior Lecturer in Accounting and Financial Management, is Deputy Director of the Centre for Global Sourcing and Services
- More details on the research and future events can be found at: www.shared-services-research.com and www.lboro.ac.uk/cgss
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