Research On Construction And Operation Of SM Company's Financial Shared Service Center

The global economic process has entered the fast lane.At this time of change,many large group companies in China have realized that the original management model can no longer adapt to the development of the enterprise at this stage.The traditional management model has a large number of staff,redundant processes and efficiency.Low,weak risk management and control.Management is still stagnant at the accounting stage and cannot provide detailed data support for management decisions.These large enterprises began to seek an innovative management model within the scope allowed by the policy-the financial sharing service model.The financial sharing model has been tried by Ford in the1980 s and has achieved certain results;financial sharing is simpleIt is a kind of integration.It standardizes and integrates the repeated and single accounting calculations within the group,simplifies the multi-layered and tedious processes online,and transforms the traditional accounting model into the current data analysis and management decision-making model.In order to improve the operation efficiency of enterprises,and then enhance the core competitiveness among the same industry,this sharing model has been used by many group enterprises in recent years.SM Company,as a large state-owned import and export company,is facing dual competitive pressures at home and abroad.Its main coal business is relatively single.It has been expanding rapidly before 2014.Its subsidiaries have spread all over the country.Now it has wholly-owned and holding subsidiaries.There are 58 companies.The personnel,business,and management of each subsidiary are independently operated.Many financial personnel are engaged in a single accounting work,and the companies have inconsistent accounting standards due to geographical reasons.A large number of repetitive tasks have been generated after the head office is aggregated.,low efficiency.At the same time,due to the lack of daily management and asymmetric information,the head office has no actual management and control capabilities over its subsidiaries,resulting in business risks.After the large-scale risk outbreak in 2014,the head office was painstakingly determined,and after repeated discussions and studies,it carried out comprehensive information management of the company in 2019,introduced the advanced system of Inspur,and implemented a financial shared service model.This paper uses the literature analysis method and the table analysis method combined with the current status of the SM company's financial model to analyze the existing problems and reasons in depth,leading to the feasibility and necessity of the construction of the sharing center.In view of the current redundant staff,high costs and accounting standards Issues such as inconsistency and weak management,put forward a proposal for the construction of financial sharing services,redefine the principles,purpose,scope,model,organizational structure of financial sharing model construction,accounting module,sharing module,fund management module,The budget module and expense reimbursement module carry out business process reengineering,analyze the implementation history and short-term results,and finally put forward the outlook after summing up the financial sharing.