A Study On The Financial Sharing Management Model Of State-owned Enterprise Group Companies

Since 2016,affected by the ongoing trade war of the United States,China began to increase its efforts in infrastructure investment and construction,and China’s construction industry began to enter a stage of fierce competition.Large domestic construction group company began to explore overseas markets and expand,because there are a large organizations construction group enterprise,industry has strong specificity,lead to the construction enterprise financial work is difficult to effectively develop,high management cost,operating cost increasing,under the background of this need scientific mode of financial management to help enterprises to upgrade.As Ford Company of the United States established independent financial institutions and achieved remarkable results,the practice of financial sharing service caused large enterprises to follow suit,but the effect of financial sharing service is not obvious in China,not only because the sharing theory was introduced late and the theory research is not perfect.In addition,it is affected by the application of information system and the degree of technical mastery,such as immature technology,high risk and long return cycle,lack of high-quality and stable staff and other factors.Based on SJ group as the research object,this paper combined with SJ group development present situation,financial Shared services based on the related research at home and abroad in this paper,by using the theory of economies of scale,process reengineering theory,principal-agent theory and internal control theory,a comprehensive analysis of SJ group financial Shared services center running status and existing problems,and analyze the problem.Then the specific optimization scheme is put forward from two aspects of capital control and internal control under the financial sharing model,and the main methods and strategies to optimize the management mode of financial sharing center and improve internal control of SJ Group are found.SJ Group is a first-class large construction group enterprise in China.Due to the influence of factors such as industry particularity and national conditions,the process and system of applying financial sharing service center cannot be completely copied from foreign models,which exposes the common problems existing in the application of financial sharing service management in the construction industry.This paper proposes that enterprises should attach importance to capital control and internal control construction,establish budget information base,build electronic personnel files to clarify the division of power and responsibility,configure big data analysis system for automatic management and strengthen capital control.It is of practical significance for SJ Group to achieve high-quality financial sharing services by improving the scientific optimization of the internal environment,enhancing employees’ risk awareness,enhancing the degree of business process integration,strengthening information management,and exerting the responsibility of internal control and supervision to strengthen internal control.At present,the research about financial sharing services in the construction industry is relatively few,this paper provides guidance and reference to promote the use of financial sharing services in the construction industry standard,and has a certain positive role to promote.