Research On Operation Optimization Of BGY Group’s Financial Shared Service Center

The concept of financial sharing originated from Ford,a large multinational enterprise in Europe and the United States in the 80 s of the 20 th century,and has a history of more than 40 years.With the development of the "Big Smart Migration Cloud Zone" and the requirements of the "Enterprise Accounting Informatization Work Specification" issued by the Ministry of Finance in 2013,it has provided a guarantee for the construction of financial shared service centers for medium and large enterprises in China in terms of technology and policy.Enterprises establish financial shared service centers to optimize business processing processes,improve enterprise organizational structures and enhance financial control capabilities,so as to achieve the role of reducing costs and increasing efficiency.However,China’s financial shared service center has the current situation of late construction start and short operation time,and some problems may occur in the construction and implementation process that cause the expected effect to be not achieved.Therefore its operation status should be analyzed and optimization suggestions should be put forward for the problem,so that it can achieve the construction purpose and ultimately achieve the sustainable development of the enterprise.The real estate industry has characteristics,such as strong policy,poor liquidity,obvious regional characteristics,long development cycle,and large capital investment.With the increase in land costs and the introduction of a series of macro-control policies such as the government’s control of housing prices,adjustment of housing supply structure,and strengthening of land control and credit control,enterprises urgently need to carry out financial transformation to strengthen cost control and improve management efficiency.This paper selects BGY Group,which formally established the financial shared service center in 2016,based on process reengineering theory,economies of scale theory,flattening theory and resource allocation theory,and comprehensively uses literature research method,case study method and analytic hierarchy method(AHP method)to analyze.Firstly,through studying and sorting out relevant literature at home and abroad,this paper will understand the establishment,development,division and optimization theory of domestic and foreign financial shared service centers.Secondly,the basic situation of BGY Group and the construction status of the financial shared service center are described.Thirdly,the combination of five-dimensional balanced scorecard and Delphi method is used to find out the focus from the financial dimension,customer dimension,internal process dimension,information system dimension and learning and growth dimension,and then conduct an in-depth analysis of the financial shared service center of BGY Group in R&D investment,profitability,working capital,business processing efficiency and process operation to find out its problems.Finally,based on the problems of BGY Group’s financial shared service center combined with the PDCA cycle,step-by-step optimization suggestions are put forward.The research results show that the establishment of financial shared service centers can effectively improve business processing efficiency and improve risk early warning capabilities,but there are also problems such as low initial strategic positioning of financial sharing,poor connection between processes,and high personnel turnover rate.BGY Financial Shared Service Center should solve existing problems by taking measures such as close integration with the Group’s strategy,improving process implementation strategies,and improving talent training mechanisms.