The Research Of Multinational Corporation For Financial Shared Service

The competitive environment changes constantly, as a reaction, multinational corporationsare taking over other companies through its strong strength of capital, technology, innovation andother aspects. And the result is that the multinational corporations’ scale grows bigger and bigger.Its branches become more and more. However, the huge scale can not only bring profits but alsomakes the risks grow rapidly, especially financial risks. In order to response to the financial risks,multinational corporations have chosen to implement financial shared service and constructfinancial shared service center.Through the theoretical foundation of shared services, financial shared services, firstly, thispaper analyzed why multinational corporations choose financial shared services and thefeasibility of implementing financial shared services; secondly, it analyzed the organizationalstructure, strategic choice, system support, process management and evaluation methods after theimplementation of financial shared service; thirdly, it summarized the implementation approachand steps of multinational corporations for financial shared services; and finally it focused on theprogress of the construction and operation of a certain company’s financial shared service toanalyze its problems and proposed some suggestions for improvement of its financial sharedservice.