Center of Excellence

What is a Center of Excellence (CoE)?

A CoE is a centralized unit of experienced professionals with specialized knowledge and skills who guide the organization in the adoption of best practices in a particular focus area. A CoE can be ongoing or temporary. The overarching goal of a CoE is to eliminate inefficiencies and push the organization to the next level of maturity. Typically, CoEs include representatives from management, a particular line of business, and IT

Benefits of Center of Excellence

In the context of CX, a CoE oversees the definition of CX objectives, enforces enterprise-wide standards, cross-pollinates ideas, and provides best practice implementation support. Benefits include:

Streamlined processes. A CoE comprises subject matter experts (SMEs) who can help standardize, optimize, and automate processes for greater efficiencies, better quality, and faster cycle time – all while reducing errors and costs.
Improved agility. Powered by standardized and efficient processes, business can react quickly to changing market conditions and evolving customer demands.
Increased collaboration. By bringing SMEs from different parts of the organization together, a CoE improves cross-functional collaboration.
Enhanced risk management. A CoE plays a vital role in identifying risks and implementing control to effectively mitigate the identified risks.