The Application Of Financial Sharing Service Center In Enterprise Group Which Based On ERP System

China has been in an era of rapid economic growth under reform and opening policies. By implementation of the strategies "Going out" and "Bringing in", China’s economy has strongly integrated with the world’s economy. However, with the enlargement of opening-up and deepening of economic globalization, enterprises regardless of Chinese or foreign are facing more and more competition and uncertainties. To consolidate market position and strengthen competitiveness, many of them extend business scope through merger and acquisition to obtain scale benefit. In recent years, the number of large conglomerates and transnational corporations has seen an noticeable upward trend.With the scale-up of the company, the interior governance and control within it has become evident. Acting as "blood vessel" of a company, finance is a vital point. The control from the group to its branch companies is usually indirect and lags behind due to occurrence of distinction in regions, regulation, which causes a delay in gaining timely and accurate financial information. Consequently it will lead to business loss and difficulties in achieve profit maximization and operation target. From the mid-1900s, quite a lot of scholars have dedicated themselves into issue on interior financial control of a company and they have acquired relatively systematic and well-rounded conclusion. This has ameliorated the financial condition to a certain extent.In the 1990s, an American IT company forecasted the development trend of Management Information System during information age, and then put forward a new concept-Enterprise Resources Planning (ERP). ERP is a system which integrates the management of enterprises’ material resources, human resources, financial resources, and information resources. Nowadays ERP system has gained more and more enterprise’s favor, especially multinational groups. Based on ERP system, Enterprise management has gradually entered the era of sharing. Financial Shared Service (FSS) was given rise by combining shared service and financial management. The topic of this article is about financial sharing service center (FSSC) which based on ERP system. The article will study the application of FSSC in enterprise group.The article adopts a way of researching combined with both theoretical description and case study. It is divided into three parts:introduction, main body and conclusion. Details are as below:First of all, two chapters are included in the introduction part:foreword and theoretical review. It starts from generalizing the background, then lead to the main topic--The application of Financial Sharing Center Based on ERP system in enterprise group,. After that, this issue will sum up former research achievement and theoretical background, in order to support the follow-up study.The third chapter goes in to introduction and study on the main body part. It research the theory and method of constructing the FSSC in enterprise group in advance, including application area, construction process and model design, implementation and expected results. The forth chapter is case study, the topic of which is the application of FSSC in TK group. It will focus on process reengineering by FSSC and help us know more about status and effects of building and using FSSC.The third part is the conclusion. By researching the theory and case study, it can be found that FSSC can improve traditional financial management. However, it is necessary to pay attention to the cost. Therefore, enterprise should analysis cost and benefit of building FSSC in advance.