Shared Services Center Sample Clauses
The Shared Services Center clause establishes a centralized entity within an organization or group of affiliated companies to provide specific administrative or operational services to multiple business units. Typically, this center handles functions such as accounting, human resources, IT support, or procurement, consolidating these services to achieve efficiencies and standardization. By centralizing these activities, the clause aims to reduce duplication of effort, lower costs, and ensure consistent service delivery across the organization.
Shared Services Center. The Shared Services Center provides THE PARTIES with all the transactional and operational services associated to income and expense management, to the services inherent in managing human resources benefits and payroll processing, in commercial contract management, in errand running services and in general services. And it is equally responsible for managing, maintaining and providing support to systems, technology and processes.
Shared Services Center. 6.1. The Parties expressly acknowledge that the Company will have the support, processing and back office services of Grupo Pão de Açúcar called the Shared Services Center (the “SSC”) and Indirect Procurement Center (the “IPC”), the Company being assured of the right to receive, every 6 months, the information that comes to be requested with respect to the services actually provided.
6.1.1. The Company will rely on the services of the SSC and the IPC, without the costs currently borne by the Company suffering any increase, taking into consideration for purposes of this comparison the standards of quality and efficiency. Any gain generated by the synergy resulting therefrom shall be fully passed along to the Company, pro rata. The SSC and IPC services should consist exclusively of support, processing and back-office services.
6.1.2. The activities and processes listed below (each individually a “Specific Service” or, together, “Specific Services”) represent a non-exhaustive list of what shall be provided to the Company by the SSC and by the IPC:
(i) Accounts receivable;
(ii) Accounts payable and tax receipts;
(iii) Treasury (cash administration, fund raising and investment);
(iv) Accounting (Taxes/Costs/Bookkeeping/Bank Reconciliation/Closing of Balances);
(v) Management of Inventory, Merchandise and Fixed Assets, not including the decision with respect to the purchase of merchandise for resale;
(vi) Planning Support and Management Reports;
(vii) Payroll and Benefits Processing;
(viii) Processing and procedures for recruitment, holidays and departures;
(ix) Processing and procedures for Registration (Suppliers and Merchandise);
(x) Attention to the Stores, Headquarters and Distribution Centers (Field services/Call Center);
(xi) Store Maintenance (hydraulics, electricity, air conditioning and minor remodeling);
(xii) Public Accounts;