Study On Financial Shared Services Center Of Yinzuo Group

Large companies are "mainstays" of a country's economy. But, "large enterprise disease" in group is popular, because parent company too centralization, led subordinate enterprise lack autonomy, cannot adapt to market conditions, either the subordinate enterprises lack of coordination and the mother company had to face the risk of loss control due to excessive decentralization. This phenomenon has aroused the concern of academics, and heated debate on the issue around centralized management or decentralized management which is more adapt to the group. Group should establish the appropriate financial management of modern enterprise development model, in order to give full play to the group financial synergies, and to improve the operational efficiency of capital, and to prevent excessive expansion of the group as a result of the financial risk."Shared services model" combines the advantages of centralized management and decentralized management, therefore it has spread in the group companies or multinational corporations in western developed countries rapidly, and with remarkable results. Motivations of foreign group companies implement shared services strategies mainly to reduce costs, to improve operational efficiencies, to enhance centralized management and control, and so on. Theories of this article is to built financial shared services center for yinzuo group as a new financial management model, and to research supporting measures of financial shared services center based on integrating use of management knowledge, such as staff management, risk management. New financial management model separates the function of accounting and financial management effectively, and strengthen the breadth and depth of financial management, so financial officer freed from tedious daily tasks, and have much time to support operating and decision. Under the development law of shared service, this article recommendations shared services center construction min three steps go, first step as cost center, main provides internal service; second step as profit center, main provides internal service, but introduced market competition mechanism; third step became investment center, not only provides internal services, but also provides large external services (outsourcing), and to create more values for group.By researching on the construction of financial shared services center, this article hopes to enhance financial management of yinzuo group effectively, and to support the group's strategic development effectively, and also hopes to reference for the national group which ready to change financial management. The deficiency in this paper is still some issues not in-depth research, such as outsourcing management; and view of the yinzuo group's financial shared services center has not been constructed that many of the problems unforeseen, therefore needs further study in the future.