The Research On The Application Of Financial Shared Service Center

In recent years, multinational corporations not only continue to pursue expansion but also actively explore optimization of management model.The optimization of financial management mode becomes more important at the same time, some of the important aspects are: accounting shift from decentralized to centralized, financial analysis shift from regular basis to daily basis, financial management shift from fragmented to integrated. To Establish financial shared service centers can improve corporate finance with the features like specialization, scale, unified and so on, which are in line with the targets of A insurance company: standardized management, financial management and financial accounting separation of the functions of other.It becomes an inevitable choice for A to achieve the goals of reduce costs, improve quality, enhance ability of risk control.At present, many large companies are actively trying to implement financial sharing,A insurance company Xin Jiang branch has certain representativeness in many respects:firstly,it is profitable to implement financial sharing in an insurance company for the natural of its business is simple.secondly,the geographical environment and economic situation in Xin Jiang province are both complicated than most other provinces in china, thus, To Establish financial shared service centers here becomes difficult.The company began to implement financial sharing since 2008,for now,it has achieved the company’s objectives such as improve work quality, reduce cost. in the mean time,there are many aspects in need of improvement as well.This paper first Study on related basic theory of financial shared service, and then analyzes the situation of financial shared service center in A insurance company Xin Jiang branch, Summed up a range of effects from the implementation of the project, cite advantages and disadvantages, made specific recommendations which are based on actual situation of A insurance company. This article will promote the continued development of the company’s financial shared services and contributes to the operation of financial shared services in other companies.