Research On The Financial Shared Service Of Group Company

Financial shared service has a history of more than thirty years, from Ford Company set up the first Financial Shared services center in the early 1980 s. During this time, many scholars at home and abroad, as well as visionary entrepreneurs, have been researching and practicing the financial shared service. By the end of the year, IBM, Citigroup, Pfizer,Baogang Steel, Pingan Group, Vanke, China Mobile, and many other well-known enterprises at home and abroad have built financial Shared services center in mainland China, which shows the tremendous potential for future development, and the study of financial share service is so particularly important.There are four parts in this paper, the first part is introduction, which introduces the research background and significance, then followed by the overview of research content,framework, methods and innovation. The second chapter is the review of the related theories and about financial shared service, firstly introduces related concept, secondly review relevant theories about financial shared service practicing key factors. The third part is the empirical study; it mainly uses the methods of case analysis, and introduces the financial share service center creation background, Practice Analysis, and the effect of the implementation of Pingan Group. The last chapter is about research conclusion and prospect, mainly including the research conclusions and recommendations, and pointing out the limitations of this research and future prospect.Based on the example of Pingan Group to implement financial shared service center as the research object, case analysis, finally found a financial shared service can improve the financial efficiency, strengthen the management and control of the branches, which reduces the operating risk and financial risk, and promote the standardization of the group’s internal work processes and simplification. We can make suggestions for the enterprise about the financial shared services model, through summarizing the case practice. Nowadays, Chinese enterprises have formed a basic consensus, that is, we can enhance financial process efficiency through process standardization, and release more financial personnel to take higher value-added work, promote the transformation of financial functions, and finally promote the promotion enterprise’s overall value, with the help of financial shared service.