Europcar opens its first Financial Shared Services Center in Portugal

Europcar, a “rent-a-car” company, chose Portugal to install its first financial shared services center. This center will provide services to all the finance departments of the group.

The center is going to standardize all the finance programs of the group, ensure the uniformity of processes and deliver gains on global efficiency explains Isabel Martinez, responsible for Europcar Services.

The Financial Shared Services Center is going to serve all the countries where the company operates, either directly or through its World-franchising network.

The biggest part of the investment will be on real estate and human resources, including training both on the processes and accounting tools of the company.

Europcar Services, located in Paço de Arcos (just outside Lisbon) expects to hire 250 professionals (155 are already working in the center that has been operating since January).

According to Isabel Martinez. Europcar had 11 critical decision factors to select a location. Those included “real estate costs, labor system, language skills and Portugal was the country that offered better conditions”.

The quality of professionals and the experience of Europcar’s staff also played a decisive role to defeat other destinations like Spain and the UK.

Source: Diário Económico

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