CostLens for Shared Services
Automate Showback charges to drive accountability and 'co-drive' cost reductions for Shared Services
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How Showback models help?
Shared Service Centres (SSCs) deliver enormous cost efficiencies through amalgamation of contracts and centralisation of resources. However, they also introduce a substantial layer of complexity across the legal, financial, and organisational construct that, if unmanaged can undermine its rationale and existence.
Shared Service Centres can be implemented in a variety of structures - as a virtual-constructs or legally incorporated structures. Irrespective of their structure, they share similar characteristics and challenges in terms of cost and value demonstration.
Our software traces its origins to one such scenario - and is built to handle the complexities of modern SSCs.
CostLens helps Heads of Shared Service Centres optimise costs by automating a standards-aligned, consumption-based showback/chargeback model.
This helps to change the conversation – as it allows stakeholders to take informed cost-quality-risk based decisions based on a single source of truth.
the challenges it solves
Excel work
Product Profitability
Division-level bonuses
CostLens automates industry-aligned Showback charges
with several out-of-the-box features
The only tool that builds cost traceability across complex Shared Service structures
Automation of Showbck / Chargeback reports in multiple perspectives
The reports can be broken into the TCO (Total Cost of Ownership) of Services consumed to drive accountability.
Similarly, the fully loaded costs of Functional Groups drives accountability from the infrastructure layer.
Automation of complex variance in terms your audience understand
Not only can you compare any two periods; but you can also express this variance in terms of familiar financial ledger dimensions such as cost-centre, legal entities, etc. Additionally, you can express this variance in terms familiar to your audience.
A pre-built Cost modelling engine aligned to industry-standards
An out-of-the-box engine with pre-defined cost algorithms that understands the cost domain - so simply uploaded your data and the system will do the rest.
Evaluate CostLens tailored to your role
for CIOs & Technology teams
seeking to control costs and demonstrate value
for CFOs & Finance teams
seeking automation of Cost Reports & Cost Modelling
for Strategy Consultants
seeking advance Cost Insights at speed
for ITSM Experts
seeking to extend the value beyond Operations
Our views on trending Shared Services-related topics
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