ELI5: Explain Like I'm 5

Shared services

"Okay kiddo, imagine you and your brother have a bunch of toys that you both want to play with. But sometimes you fight over who gets to use which toy. Now imagine you both agree to share the toys and take turns using them. That's kind of like what shared services are!

In grown-up world, lots of different organizations might need to use the same kind of tools, like computer software or accounting systems. Instead of each organization buying their own toys, they can agree to share the same ones!

This can be really helpful because it saves everyone money, since they don't have to buy as many things. Plus, it makes it easier to keep track of everything, since there's only one set of toys to manage.

But just like with you and your brother sharing toys, sometimes people might still have some disagreements over who gets to use the toys when. That's why there are rules and agreements in place to make sure everyone can play nice and share fairly. And that's basically what shared services are all about!"