Research On The Working Capital Management Efficiency Of S Company Under The Financial Sharing Mode

Working capital is the flowing blood of an enterprise,and effective working capital management is a necessary condition for an enterprise to achieve continuous operation.However,in the context of economic globalization,more and more companies have begun to spread the business scope of cross-border and cross-industry operations.Under the traditional financial management model,the asymmetric information of parent and subsidiary companies and the high management costs pose huge challenges to working capital management..At this time,the financial sharing model relies on information technology to centralize the highly repeatable and easily standardized accounting and business processes of each subsidiary company into an independent business unit for processing,providing a new management idea for working capital.The purpose of this study is to: in order to adapt to this new management model and maximize its effectiveness,explore the specific mechanism of this model to improve the efficiency of working capital management,and propose corresponding optimization suggestions for the shortage of working capital management under this model.Promote the complementary and effective combination of financial sharing model and working capital management.This article selects the S company that implemented the financial sharing model earlier in the home appliance industry as the case study object.The company's financial sharing model has gone through a relatively complete development stage,and its conclusion has certain reference value.The specific research ideas of this article are as follows: First,based on literature and theory,the overall correlation between the financial sharing model and working capital management efficiency is clarified;second,the development status of S company's financial sharing model and working capital management is analyzed to find financial sharing The model can optimize the working capital management efficiency through measures such as business process reengineering,information system optimization,and financial management system reform.Finally,the introduction of elements and channel evaluation index systems for horizontal and vertical comparative analysis,combined with the specific mechanism of action of the financial sharing model The shortcomings of working capital management,finally put forward corresponding optimization suggestions from the aspects of giving full play to the advantages of the financial sharing model information platform and the continuous optimization of various functional mechanisms.At present,in the domestic research on the relevance of financial sharing and working capital management,it is more inclined to draw the conclusion that the financial sharing model has a certain improvement effect through the change of efficiency.The innovation of this article is to first explore the specific mechanism of action of the financial sharing model on working capital management,aiming to better exert the effect of its mechanism to achieve the optimization of working capital management level,hoping to give the same industry that has established financial sharing,The same type of enterprise provides data and program reference.