Research On The Application Of Financial Cloud Sharing Model Of China Telecom A Company

With the sustained development and expansion of the group companies, cross-regional、 multi-organizational business model brings considerable economic benefits, but it also brings problems such as the difficulty of corporate control increased, financial and operating costs increased, the distortion of accounting information, decision failure, reduce the overall operational efficiency of the enterprise. Financial Sharing Services will separate the repeat settings of basic financial services from the original unit, concentrated to the shared center for unified processing, it provides standardized services for the member of business centralized, to achieve efficient and cost reduction, can effectively solve the above difficulties of enterprise groups.With the development of information technology, as a new industry, cloud computing leading the third revolution in information industry following the PC, the Internet revolution. The government efforts to develop the domestic information technology, in 2014 the Ministry has launched the "13th Five-Year" planning of cloud computing. Efforts to cultivate leading enterprises in the field of cloud computing, to build a cloud computing industry chain with Chinese characteristics. Cloud technology advances have brought new opportunities and challenges to the enterprise, which has brought great changes to the financial management mode. The combination of cloud computing and financial shared services, can improve the ability to store and analyze enterprise data, and make the data more secure. Financial cloud applications will accelerate the transformation and upgrading of enterprises, enhance their overall competitiveness.This paper consists of six parts, based on the China Telecom A Company financial cloud build cases. The construction of financial cloud and its possible problems are analyzed, also put forward the improvement proposal. In the first part, the research background and research significance are proposed. Combed the research achievements at home and abroad for financial shared service centers and financial cloud, noting that research ideas, and innovations. The second part describes the basic concepts of financial sharing services, cloud computing and financial cloud, the theoretical support such as the theory of scale economy, standardization, process reengineering and so on. The third part introduces the basic situation of China Telecom and A Company, as well as the Financial Shared Service Center, analyzes the feasibility of A Company’s financial cloud. The fourth part puts forward the design principles, the overall operation process and the specific process design of the representative business, and analyzes the application value of the financial cloud. In the fifth part, the paper puts forward some suggestions for the problems in the process of the financial cloud. The last part of this paper summarizes and prospects for the future development of financial cloud and shortcomings of this paper.The innovation of this paper lies in the application of the financial cloud of China Telecom at the provincial level. At present, the domestic research on financial management mode is more focused on the Financial Shared Service Centers, the financial clouds are relatively lack in both theoretical research and practical application aspects. With the further promotion of cloud computing, big data and other information technology, accelerate the financial cloud become the new trend in the development of Financial Sharing services. Gradually toward the cloud and paperless, this new type of financial management mode of enterprise groups will be more and more popular. China Telecom has advanced experience in the field of cloud computing, financial shared service centers have also established a foundation, the implementation of the financial cloud has a practical feasibility. Combined with the actual situation of China Telecom A Company, on the basis of its original financial shared center, combined with the cloud computing concept, the design of its financial cloud. In view of the problems that may exist in the implementation of the financial cloud, put forward the improvement and optimization suggestions.