Research On Process Optimization Of PetroChina’s RPA Based Financial Shared Service Center

Entering the Internet era,enterprises have adopted an innovative approach to intelligent and information construction,with financial process automation and artificial intelligence being employed in financial management as a social development trend.Establishing a model of financial sharing service centers is a practice that many developed countries are currently taking up.The group companies have seen their expansion continue due to the swift growth of China’s economy.Expansion notwithstanding,they confront fresh managerial issues.The emergence of a financial sharing service center model in China,characterized by its high efficiency,low cost and standardization characteristics,is gradually taking shape in this context.Consequently,it is imperative to continually revise the financial management techniques of businesses to ensure the prosperity of collective enterprises.Distributed throughout the world,PetroChina’s subsidiaries are one of the world’s most renowned 500 enterprises.To some extent,there are problems such as complicated organizational structure and increasing costs.In recent times,PetroChina has been devoted to the reform and transformation of its enterprise,setting up a financial sharing service center.The importance of optimizing CNPC’s financial sharing service center,based on RPA,for the financial transformation and reform of large businesses cannot be overstated;thus,its process optimization is of great significance.The research object of this paper is PetroChina Financial Sharing Service Center,and its process optimization through RPA technology is being examined.A thorough exploration of PetroChina’s financial operations,in conjunction with the strategic aim of optimizing the collective process,is the foundation of this paper,which amalgamates theoretical analysis and case study.Integrating robot automation into the optimization of the group’s financial processes,four primary financial processes must be optimized based on financial shared services:purchase A/P,sales A/R,and so forth.The process of managing funds and the management of taxes.An exhaustive analysis of PetroChina’s financial shared service center’s issues in the current business process is conducted,based on the notion of such a center.Proposals for optimization and protective measures are suggested,contingent on the group’s characteristics.This paper seeks to attain precise,effective,and economical group administration and regulation,and to furnish CNPC Financial Sharing Service Center with the necessary reference to become the financial sharing service center of top-notch businesses.For large enterprises,a financial sharing service center of the same operation and management mode is also available.