|
Definition of Shared service
1. Noun. An internal business organization which provides support services which are "shared" across multiple business units or functions. ¹
2. Noun. A virtual or physical team whose process expertise is shared across multiple business units or functions, (rather than duplicating staff in each business unit) to execute business processes, in a consistent manner, for optimal resource efficiency, cost and service performance. ¹
¹ Source: wiktionary.com