Research On Operational Optimization Of Financial Shared Service Platform Of GCL Group

With the economic globalization and the rapid development of information technology,more and more multinational enterprise groups are experiencing rapid expansion.At the same time,problems such as weakened corporate group management and control,increased overall operating costs,uneven financial information quality,and increased financial risks have emerged..In order to solve the above problems,enterprise groups are constantly seeking innovations in financial management models.In this context,the financial shared service center model came into being.The financial sharing service center model relies on information technology,business process reengineering and unified standards,effectively reducing business operating costs,strengthening group management and control,improving financial efficiency,promoting financial value creation and supporting corporate strategic decisions.Since ZTE first introduced the financial sharing center in 2005 and achieved good results,more and more enterprise groups in China have established financial sharing service centers.However,this management model started relatively late in China compared with foreign countries.There are fewer mature operating financial sharing service centers that can be referenced in China,and all of them are in the stage of exploration and transformation.In the actual operation process,many problems are encountered,and continuous improvement and optimization are needed..This article selects GCL Group’s Financial Shared Service Platform as the research object.GCL Group is a multinational enterprise group with a wide range of business operations,many molecular companies,and complex management.After the expansion of the company’s scale,GCL Group introduced a financial sharing service model in 2010 to address the shortcomings of the traditional "decentralized" financial management model GCL Group’s Financial Shared Service Platform has been operating for long hours,offering multiple service objects,and covering a wide range of business scope.And it is the first domestic financial sharing service center with financial sharing services as its main business and operate it independently.The research cases are typical and representative.In terms of theoretical research,this article sorts out and summarizes the relevant literature on financial sharing services at home and abroad,and elaborates the relevant theoretical basis of financial sharing,providing a theoretical basis for the case analysis part of this article.With regard to case analysis,through a comprehensive and in-depth understanding of the current operating status of GCL Financial Shared Service Platform,the problems in its operation are summarized,including the five aspects of fund management,personnel management,performance evaluation,information systems,and business processes,and corresponding suggestions are provided.Finally,the research conclusions of this paper are drawn and the future development trend of the financial shared service center is expected.This research is expected to help solve the current problems of GCL Group’s Financial Shared Service Platform and promote the platform to gradually mature.In addition,I hope that this article can provide a reference for the operation optimization of the financial sharing service center of domestic enterprise groups.