In a managed services arrangement, a third party takes on the transforms and runs one or more of an organization’s business functions, including finance, tax, risk and compliance. Managed services gives organizations a new way of operating, to better navigate more complex conditions and build a platform for long-term value creation. Leading managed services providers bring deep domain experience and specialist talent across critical functions, enabled by advanced technology and proven processes, to collaborate with internal teams and integrate with existing technology to elevate performance. By delivering better outcomes for business functions, managed services can give organizations the capabilities, flexibility and freedom to achieve enterprise-wide, enduring value.