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Financial Shared Service System Optimization Design Of A Company’s

Posted on:2015-03-25Degree:MasterType:Thesis
Country:ChinaCandidate:L Q FengFull Text:PDF
GTID:2269330428965198Subject:Accounting
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With the globalization of the world economy beneficial development, corporatemergers and acquisitions business increases, the group of companies have mushroomed inthe country competing for the emergence of increasingly fierce competition amongenterprises, the rapid expansion of the scale of operation also brings the burden of the costof such has been increasing, declining issues such as operational efficiency, the Group’sfinancial management and control requirements are also due to tissue expansion seemimportant. Enterprise Group to ensure their rapid development and growth whilecontinuing to maintain a strong competitive strength,"change management, businessprocess reengineering " has become a hot topic in recent years, a number of the Group ofcompanies concerned. Through multinational group of years of practice," FinancialShared Services " Some companies have been gradually accepted and effectively applied tothe daily management, but also " to improve corporate financial management,strengthening of financial management and control of the Group " in the field to play acertain role. A well-known management consulting services to the company’s recentresearch reveals a remarkable change in the management approach in the past decade toChinese enterprises, and noted that this innovation brings results will be accompanied bycontinuous improvement of information technology and economic integration processplays a more important role.Overall, financial shared services model as an advanced financial management model,it has a series of management advantages, such as lower management costs, standardizefinancial processes, unified accounting standards, improve efficiency, enhance disclosurequality, convenience communication and information sharing, reduce audit risk andimprove financial management level and so on. Through literature research and case studycombination, on the basis of theoretical research on shared services, financial sharedservices model analyzes the process of establishing and operating the combined companyA case analysis of the innovation journey since the establishment of its own financialmanagement mode, a company focuses on the maritime segment of financial sharedservices model to try the experience, discusses the necessity a range of companies withinthe group to promote financial shared services model, and according to its strategic plan,proposed a " financial shared adapt a company ’s future development service system "optimized design, service its from" traditional financial management and control "to"strategic financial management and control "change decisions.Presented in the program design and implementation path following ideas: to hire anintermediary consulting firm, to establish a shared program implementation team as astarting point; through adequate research, programming, repeated demonstration, andultimately determine; solid implementation center location, staffing, pre-job training, thekey aspects of project implementation; and make information gathering feedback,implementation of the rectification and system upgrade. Meanwhile, through the existingfinancial management A company survey, summed financial shared servicesimplementation issues that need attention, including: handling the relationship between"normative unity " and " flexibility " in; enhance communication, strengthen exchangesand clear responsibilities; phases and plates, step by step, step by step; leading firm to promote and create a shared culture; do staff training, creating echelon personnel.This paper is divided into six sections: Introduction Chapter1introduces the researchbackground, significance, research methods, the article structure, and lack of innovation;Chapter2domestic financial shared services research status and practice and exploration,introduction of domestic and foreign financial existing research information sharingaspects; Chapter3describes the basic a company’s financial situation and financialmanagement profiles; Chapter4a company’s financial shared services model to explorethe process; in Chapter5a company’s financial shared services to optimize the design;section Chapter6Conclusion...
Keywords/Search Tags:Finance Shared Services, process reengineering, Financial Management
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