Study On The Financial Shared Service Of The Enterprise Groups

In recent years, with the development of science and technology, the acceleration of the economic globalization, and the rapid expansion of multinational enterprises, the operational costs have been increasing, and the financial risks have been rising. With the increasingly fierce competition, the management of the enterprises must adopt new concepts and modes to meet the needs for the development and challenges of the enterprises. In the post-financial-crisis era, the enterprise operators’bigger concern is to further compress internal operating costs and to increase the service quality. Under this background, for the purpose of enhancing the control over operating costs, improving operation efficiency, an innovative management mode has been carried out, that is, the mode of Financial Shared Service, which has been effectively verified and rapidly promoted in Europe and the United States and other developed countries.With the unceasing change of exterior market environment, the enterprise management in our country has put forward higher requirement for financial management. A transformation has been brought to traditional financial management mode. Financial services transformation is carried out from the perspective of cost, benefit, and efficiency, for the purpose of promoting the enterprises to achieve growth and enter new market, putting financial management into effect more efficiently, and making cost and financial information more transparent. As a tool for the financial services transformation, financial shared service has become the trend of our time. At present, a traditional mode for financial management is still dominant in our country. But an increasing number of companies are attempting to adopt Finance Shared Service to set foot on a new road for financial management.Setting from the background and significance of the topic, this thesis introduces the study method, contents, status, innovation and disadvantage, systematically expounds relevant theoretical concept and summarizes the characteristics, contents, advantages and disadvantages of Financial Shared Service. It discusses the key elements that lead to the success of the Financial Shared Service adopted by the enterprises in China and dissects the current situation and existing problems of the Financial Shared Service in China. The major reasons of the problems from the following four aspects-information system, process management, performance assessment, and personnel allocation, are analyzed. This thesis also carries out a study based on actual cases, and proposed concrete measures to complete the Financial Shared Service in our country.