The Research Of Multinational Corporation For Finance Shared Service Issue

Multinational financial management mode reflects the financial relationships betweenthe headquarters of multinational companies and subsidiaries. Along with the developmenttrend of global economic integration, enterprise scale increasing, as the new managementto reduce operating costs, improve operational efficiency, strengthen centralized financialmanagement, financial shared service center model has been adopted by more and moreWestern multinationals. After outsourcing, business process reengineering, total qualitymanagement approach, shared services center model is another breakthrough managementmethod, it separate the repetitive enterprise business units work and with a high degree ofsimilarity work from each subsidiaries and transfer to the shared service center forcentralized management, so that the subsidiaries can focus more on particularly associatedwith whose business and higher value-added work. After more than20years ofdevelopment, financial shared service model highlights the value of its application andstrong vitality.In this article, the author review the historical development of this new managementmodel, research the theoretical basis of share service raise. Through the analysis of theoperational mechanism of financial share service center (SSC), the author compare thedifferent points with the traditional financial accounting management model to explorehow to give full play to it’s potential advantages and avoid it’s limitations, summary thekey factors in the implementation of SSC and how to solve the problems faced. The articlealso analyzed the implementation process, implementation value and the problems thatexist in daily operations through A multinational company’s SSC, then study the people,process and system technology are important resource and key factors in share centermanagement. According to the actual problems from staff, process and system technology, the article study the improvement ideas on A company’s SSC operation model. Itundoubtedly has a strong theoretical significance and practical value.