Operation Effect Of Financial Sharing Service Center Of CRCC Z Company Case Study

In recent years,with the continuous progress of science and technology and the increasingly close relationship of world economy,enterprises have also shown the scale and diversified development.In this context,the traditional financial management model will hinder the development of many companies,especially multinational companies and large-scale,relatively complex organizations.Therefore,it is particularly important to find a financial management model that is more in line with the development strategy of the enterprise.In order to achieve their own strategic goals,many companies have set up Financial Sharing Service Center,which separates the repeated work in each unit to simplify the internal process of the company,so as to make all operations operation more standard.The construction and operation of Financial Sharing Service Center will bring various management effects to the company.The Financial Sharing Service Center can deal with the problems of slow operation rate and repeated investment of the company,reduce the expenditure of cost,make the company’s various resources can be effectively used,and avoid idle and waste of resources.In the current operation cases of Financial Sharing Service Center in China,there are few applications in the construction industry.In terms of enterprise nature,business scope and strength scale,China Railway Z corporation can become a representative enterprise in the construction industry.The operation of Financial Sharing Service Center of the enterprise has its own industry characteristics.Therefore,this paper takes the company as the research object,explores the operation effect of the Financial Sharing Service Center,analyzes the company’s profitability,debt repayment ability and operating capacity after the operation of the Financial Sharing Service Center,finds out existing problems,and puts forward relevant suggestions.Through the analysis of the case,I hope that it can provide reference opinions for China Railway Z corporation and provide reference and bring help for the enterprise group that establishes the Financial Sharing Service Center.This study takes China Railway Z corporation as an example,introduces China Railway Z corporation’s Financial Sharing Service Center,analyzes its operation effect,puts forward problems and suggestions,and then gets case enlightenment.This paper analyzes detailedly the basic situation,construction necessity,location scale,management mode,organizationalstructure and process design of the company’s Financial Shared Service Center,and analyzes the effect of the implementation of the Financial Shared Service Center.Through the calculation and analysis of financial efficiency index,capital management index,risk control ability index and operation ability index,it summarizes many positive effects produced by the company’s operation of the Financial Sharing Service Center.This paper puts forward the problems in the operation of the Financial Sharing Service Center of China Railway Z company,and gives reasonable suggestions and measures on how to effectively solve them.The operation of the Financial Sharing Service Center of China Railway Z corporation can improve the overall operation efficiency,effectively reduce costs,and improve the quality of business accounting,improve the company’s debt repayment ability,profitability and operation ability to a certain extent,strengthen the company’s internal control,promote the integrated utilization of enterprise resources and optimize the team,etc.However,there are also some problems in operation.The maintenance cost and expense of the Financial Sharing Service Center are relatively high,and there are also problems in the process and system risk of the Financial Sharing Service Center.There are many links in the middle,and the process is relatively long,which will increase the risk of mistakes in the process operation.At the same time,due to the connection between the system and the network,there will be the problem of system erosion viruses.In the work of employees,the work of Financial Sharing Service Center is large and repeated,which will affect the enthusiasm of employees and lead to brain drain.For the above problems,the enterprise can effectively strengthen the cost management,constantly optimize the process,improve the information system,improve the employee incentive system,implement the rotation system and other measures to effectively solve them.