Application Research Of Financial Sharing Service Center In Enterprises

Since the 1980 s,the rapid economic development,the improvement of information technology and the trend of economic globalization have led enterprises to go abroad to explore overseas fields,and to establish branches and subsidiaries abroad,and the scale of enterprises has been further expanded.More and more large groups are emerging.Along with the expansion of the scale of the enterprise,the inefficiency of work,the increase of operating costs,and the difficulty in controlling and controlling foreign branches and subsidiaries have restricted the development of enterprise groups.These problems have become a difficult problem for enterprises to solve now.When the management of the group is struggling for such problems,the financial shared service center has emerged.It is a new financial processing platform.It is different from the traditional decentralized accounting management model.The emergence of the financial shared service platform solves a series of problems such as inconsistent accounting records and reports,poor timeliness and high operating costs.This financial model does not require financial positions in each office,and business information is directly uploaded to the financial shared service center,which not only saves a lot of labor costs,but also improves the ability of enterprises to control financial risks,thereby improving the enterprise's Core competitiveness.Therefore,the author believes that studying the specific application practice of this new type of financial sharing service model in enterprises has certain guiding significance for improving and innovating the financial management mode of Chinese enterprises.The research object of this paper is the financial sharing service center.The research content mainly focuses on the construction of the enterprise financial shared service center and the changes brought to the enterprise.Therefore,the selection of an appropriate case is crucial.This paper selects H Group as a research case,mainly because H Group is an enterprise that established a financial shared service center earlier in China.It has been planned and established in 2006,and has a history of more than ten years.The financial shared service center has been relatively mature,and it is more convincing to carry out research and financial sharing service centers to bring changes to enterprises.This paper mainly uses the literature review method,case analysis method and comparative analysis method to study the H group.Firstly,it introduces the related theories and operation modes of the Financial Shared Service Center,and points out the advantages and disadvantages of the financial sharing model.Secondly,it explains the application status of China's financial shared service center,starting from the H Group's enterprise profile,the financial management process of H Group,the expense reimbursement process,the accounts payable process,and the general ledger in the accounting module of H Group Financial Shared Service Center.The process was elaborated in detail;the implementation effect of H Group Financial Shared Service Center was evaluated,including the optimization of organizational structure,the improvement of management system and the change of financial indicators.Finally,it expounds the enlightenment brought by the successful establishment of H Group Financial Shared Service Center to other enterprises,and proposes optimization suggestions for the shortcomings in the construction.Under the background of big data era,corporate financial transformation is imminent,and the construction of financial shared service center is an inevitable trend of future enterprise development.The main contribution of this paper is to improve the theory of financial sharing management in China by studying the operation of H Group Financial Shared Service Center.And provide experience guidance for the establishment of financial sharing service centers of other domestic enterprise groups.