Just a few years ago, Global Business Services (GBS) organisations focused on optimising costs. Now, GBS has evolved into an important partner that drives innovation, improves customer experiences and provides valuable insights to further develop business strategy. These are the key findings of the eighth edition of the PwC Global Business Services study, for which PwC surveyed 350 GBS worldwide. GBS continues to play a crucial role in reducing operating costs by implementing efficient processes and technologies. At the same time, it increases operational efficiency by implementing standardised and automated solutions that boost productivity and minimise error rates.
The role of global business services has changed significantly in recent years: originally, these operated largely silently in the background with an exclusive focus on transactional activities. Today, they form an important and value-adding piece of the puzzle in any modern organisation’s strategy. Leading GBS organisations not only efficiently optimise the operational processes assigned to them, but also specifically promote innovation, increase customer satisfaction and deliver in-depth insights to advance strategic business planning.
The role of GBS has changed fundamentally, whereas the focus used to be on cost efficiency and small-scale process efficiency, today they act as strategic partners who concentrate on specific expertise, value creation, data-based decision-making processes and digital innovation, driving enterprise transformation. Organisations that adopt digital-first strategies, integrate processes end-to-end, and embrace agile operating models will be best positioned for sustainable growth and competitive advantage. The challenge now is closing performance to ensure GBS delivers on its strategic intent for efficiency and innovation.
Menu