There has been a push for Shared services adoption across organizations for a while. since such services reduce duplication and can result in cost savings. However there have been challenges to proposing and implementing shared services. Cloud is enhancing the pace to shared services migration and it naturally facilitates the use of shared services since a cloud service can be more easily leveraged by multiple consumers. Cloud is the true manifestation of a service delivery mechanism and has significantly sped up the transition to consolidation and shared services. Cloud can be termed as the next generation of shared services since it adds the dynamic computing, elasticity, self-service, measured aspects in addition to other aspects for rapid provisioning and on demand access. Cloud solution may offer lower lifecycle costs based on usage and the monitoring aspects can lay out a holistic view of usage, cost assessments and chargeback information. All this information can enhance the ability of the organization to plan and react to changes based on performance and capacity metrics.