Shared Services Companies (SSCs) have evolved into strategic forces, driven by expertise and technology. Market turbulence propels them toward the Global Business Services (GBS) model. Finance Centers of Excellence (COEs) are key to this transformation, enhancing standardization, fostering digital adoption, and harnessing data for superior customer experiences. India excels as a hub for COEs, with skilled talent and strong infrastructure. Functions like Financial Planning & Accounting and Risk & Compliance demand specialized focus within Finance COEs, combining expertise and technology for a competitive edge. Challenges exist but are addressed in mature ecosystems. As industries diversify, Indian Finance COEs offer versatile capabilities and capacity advantages. This report delves deep, providing insights and recommendations for CFOs and organizations striving for high maturity GBS status.