Research On A Company’s Financial Shared Services Center Based On Cloud Computing

As the era of economic globalization and information revolution comes, numerous domestic and international corporations have achieved high-speed developments. However, the rapid expansions in the scale of many enterprises lead to higher financial costs, poor quality of financial information and plenty of management problems. The emergence of Financial Sharing Service Centre (FSSC), however, would help solve those financial related problems inside an enterprise and improve the satisfaction of clients towards its financial information. The FSSC centralizes the financial accountings, expense reimbursements and fund payments from various branches and then unifies the process of account keeping and financial recording. The FSSC then standardizes the process via screening reduplicative accounting operations and formulating uniform criteria. Eventually, the FSSC realizes the integration of internal financial resources inside an enterprise and improves the quality of its financial services.The FSSC has gained further progress in a new era as information technology further develops:the emergences of Internet and Cloud Computing stimulate its data storage capabilities and computational analysis sciences; the financial data becomes more secure as the encryption technology advances. Those provide technical supports for the FSSC to better perform financial functions and improve decision-making abilities and promote strategic impetus as well.The paper cites the FSSC in A Company as an example and conducts a targeted analysis based on the theory of Cloud Computing. Firstly, the paper introduces its research background and the framework. This part also illustrates the domestic and overseas research status relating to the FSSC. The second part briefly explains the theory of FSSC and Cloud Computing. Next, the paper discusses the feasibility and the constructive process of the FSSC in A Company. Contemporarily, it reveals the significance of an FSSC which relies on an information platform provided by Cloud Computing and the implementation of an internal process. Finally, the paper indicates the tendency of the FSSC in A Company and offers some reference and guidance for other enterprises in regard to the FSSC.