The Research Of Company X’s Sheared Service Center Model

We know that the economy globalization growing fast and the multinational competition is fiercely increased. Merger, consolidation, as well as internal integration between enterprises are increasing more. Integrated and enterprise-scale development of the global economic development is an irreversible direction. In this context, multinational companies want to use more advanced and effective management ideas and the technical means to enhance the competitiveness of the enterprises. Financial management is the core of the corporation management. Financial management reform of company X as an important part of the overall company strategy spearheaded the introduction of new service ideas----Finance Shared Services mode.Financial shared service is the model to gather the same and repeat financial process among the subsidiary enterprises within the group. And the enterprise will focus on the core business achievement. Thereby reducing operating costs, improve operational efficiency, and strengthen the core competitiveness of enterprises. After the financial operation outsourcing, process reorganization, total quality management, Financial Shared Services model is a very characteristic breakthrough management services way. Finance Shared Services is a development direction modern for the enterprise, especially for large multinational enterprises. Financial shared services model give full play to the advantage of the advanced enterprises in corporate management, with a demonstration of the effect. Currently, more than85%of the Fortune500companies have or are building shared services center.In this article, base on the theory research of shared services center, analyze the financial shared service model building up and operating process. From the actual situation of the company X-depth analysis and discussion of how to play to the strengths and circumvent the limitations of financial shared services, and summarize financial shared services mode of implementation of the key factors. The article is divided into six parts:the first part describes the background and objectives of the study. The second part is a theoretical study on the financial shared services development at home and abroad, financial shared services and various modes described. The third part is an overview of the financial shared services model. Describe the features, advantages and the limitations of financial shared service center. The fourth part is the mode implementation of financial shared service model. Introduce the implementation process assessment, positioning, planning and design, process design work of company X. The fifth part provides the analysis of existing problem of company X Greater China Financial Shared Services Center and the solutions strategies. Part six is the conclusion and outlook.