Shared Resource Alternatives
SSCs generally rely on large scale, labour arbitrage, low-cost locations & repeatable processes.
Downstream regulatory & compliance activities typically require specialised skills that may not be easily recruited. Personnel with appropriate experience & knowledge can be important to effective, efficient outcomes.
An alternative that may better align to downstream needs is to build CoE resources with specific capability that is shared across the legal entity compliance processes.
What is the trend?
There is also a trend towards onshoring/reshoring as improved cost/benefits begin to compare more favourably to low-cost offshore locations. Onshore locations often also allow more effective recruitment and retention of appropriate personnel.
