Procurement
Organizations are enhancing operational efficiency by shifting focus from tactical to strategic procurement through their GCCs. Procurement GCCs bring the advantage of a centralized sourcing perspective, tackling advanced tasks like strategic sourcing, spot buying, and comprehensive supplier management. This enables strategic advancement in the procurement process.
Sales enablement
Sales enablement focused GCCs streamline communication between different sales stages, facilitate collaboration, and ensure alignment between sales strategies and business goals. They have evolved beyond providing sales reporting to pipeline management, channel segmentation insights, and intelligent deal desk activities, thus driving revenue growth.
Environmental, social and governance (ESG)
Organizations, with the aid of GCCs, are integrating sustainability into operational strategies to attract investors and become eco-friendly. GCCs facilitate monitoring ESG standards, encourage environmentally conscious processes, and guide employees toward socially responsible behavior. This includes sustainability services, such as awareness initiatives, carbon footprint reduction, and circular economy mapping.
Project and portfolio management (PPM)
Organizations facing governance issues and planning challenges are utilizing Project portfolio management (PPM) focused GCCs for immediate benefits and long-term growth. PPM GCCs streamline processes, provide integrated systems for operations visibility, offer real-time portfolio insights, and facilitate data-driven project selection and business performance management.
Marketing and communications
Global organizations are leveraging marketing focused GCCs to enhance marketing effectiveness, customer experience, and business growth. Through collaborative efforts with global marketing firms in India, these GCCs are achieving their marketing objectives and offering services, including digital marketing, market research, brand management, public relations, and corporate communications.
Legal
Organizations are adopting legal-focused GCCs to globally manage varied legal functions, enhance cost efficiency, and improve the integration of services. The utilization of technology enhances accuracy and productivity across the legal and compliance value chain, supporting a diverse range of services, from regulatory research to contract management and compliance dashboarding.
Artificial Intelligence (AI)
GCCs lead the integration of AI in organizations, providing innovative solutions and streamlined processes. Their AI abilities facilitate rapid data analysis and future predictions, enhancing efficiency across functions. These capacities, augmented by automation, predictive modeling, and natural language processing, allow GCCs to unlock transformative opportunities.
Data and Analytics (D&A)
Sectors such as retail, automobile, and life sciences now view Data and Analytics as a core function and use data-driven approaches to optimize decision-making. Data and Analytics GCCs, harnessing technologies like Artificial Intelligence (AI)/Machine Learning(ML) and big data analytics, analyze datasets for actionable insights, guiding business strategies, thus, transforming into innovation hubs.
For an in-depth view of new age GCC services across the spectrum of established, advanced and emerging categories, and for holistic insights, please download the full PDF below.
Maheswaran R, Director business consulting has contributed to the article.
