Research On The Performance Of Working Capital Management Under The Financial Sharing Model Research

With the rapid economic development and the overall evolution of science and technology,a large number of multinational companies have emerged in various countries around the world.The branches of these multinational companies have brought many cross-regional management problems,especially the problems of corporate working capital management.some groups have begun to set up financial institutions to rebuild and integrate internal business processes through information science and technology and business process reengineering to reduce costs and improve the efficiency of corporate resource management.Qingdao Haier has the characteristics of high product similarity and fast update speed in the home appliance industry.In order to seize market share and gain a better foothold in the industry,it has decided to adopt a financial shared service development model.At the beginning of the 20 th century,Qingdao Haier renewed its strategic layout and innovated the development model of corporate financial shared services to achieve corporate strategic transformation.In 2007,Qingdao Haier established a financial shared service center,and through the financial shared service model,effectively integrated the shared center and the combination of financial work,and realized financial transformation.In 2013,the company’s financial sharing center gradually improved and started large-scale operation.The business processing of enterprise informatization has also been on the right track,and the performance of working capital management has been continuously improved.In order to effectively analyze the financial sharing model’s impact on the performance of corporate working capital management,In this case,this is the thing and it divides the economic divide development model into a start-up period,a development period and In the three development stages of seniority,corporate work fund administration express is comprehensively analyzed from the three perspectives of structure,channels and elements.Due to the different progress and focus of the development of the financial shared service model at each stage,the influence of improving the express of work fund run is also diverse.Therefore,this article focuses on the development and changes of working capital management performance of Qingdao Haier’s financial shared service model under the three development stages,and dynamically analyzes Qingdao Haier’s working capital management model and its performance at various stages of implement the joint finance service pattern.Through analysis,the implementation of financial sharing services has improved the performance of corporate working capital management.Finally,I hope provide suggest to the working capital management of Chinese enterprises,and provide reference for the financial reform of other enterprises.