Research On Optimizing Financial Sharing Service

With the rise of information technology such as big data and cloud computing,the construction of enterprise financial informatization is constantly upgraded,and the financial management model is facing transformation.In recent years,the Ministry of Finance,the State-owned Assets Management Committee of the State Council and other relevant government departments have issued the "Accounting Information Work Standard" and the general idea of financial management of central enterprises,which promote the integration of business and finance of enterprises in China and promote enterprises to explore new patterns of accounting information sharing.Financial Sharing Service(FSS)is based on advanced information technology,which integrates business flow and financial flow within the enterprise effectively,realizes efficient enterprise management and saves financial accounting cost through process re-engineering and process standardization.With the economic integration pattern,the convergence of regulatory policies and the rapid development of information technology,more and more enterprises around the world begin to plan or implement the group’s Financial Sharing Service center.As a new type of financial control and management mode,Financial Sharing Service is the main mode for large enterprise groups to realize financial transformation.According to Deloitte’s research,more than 70% of the companies used financial sharing services among enterprises with annual sales of more than 3 billion yuan.Global economic integration is that enterprises can conduct business on a global scale.Enterprise groups expand through mergers and acquisitions.The branches of enterprise groups have spread all over the world and even expanded their business globally.Enterprises often expand their business scope through mergers and acquisitions,and continue to generate economies of scale through diversified businesses.The enterprise group began to use the intensive management model to represent the original decentralized management model.During this period,in the course of business operation,there will be problems of increasingly bloated management institutions and low efficiency.In the enterprise group,there are basically financial personnel who perform separate financial calculations to perform accounting and supervisory functions.Accounting for financial accounting business;due to the different accounting systems of accounting entities,the data of enterprises are not comparable,and the internal transmission process of financial information group is often distorted;more and more branches have also increased the group of enterprises.The difficulty of control.The financial management of the enterprise usually starts from the financial point of view,and does not face these problems.How to solve the problem of how to integrate the financial management and control level of the parent company,branch office and even many business organizations in the group,how to reduce the financial management expenses of the enterprise How to realize the financial transformation of enterprises to maximize the value of financial personnel,these issues are issues that major enterprise groups need to consider.At present,enterprises that implement financial sharing services and successfully apply are mainly concentrated in the telecommunications industry and the financial industry.There are very few examples in the construction industry.S Group is a Fortune 500 company with the right to operate foreign contracted projects.The company’s production and operation involves engineering construction general contracting,capital management,real estate development,survey and design test and testing,material trade and industrial manufacturing.From all aspects,the company has the representativeness of the construction industry,and its financial shared service center has some characteristics of the construction industry.Through the application research of S Group Financial Shared Service Center,this paper understands the financial sharing service model,analyzes the problems existing in the operation of its financial shared service center,and proposes improvement from information system development,business process,business integration,and employee management.It is recommended that you hope to provide a reference for companies that establish financial sharing services within the industry..