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Exploring The Establishment And Operation Of The Financial Sharing Service Center

Posted on:2017-08-17Degree:MasterType:Thesis
Country:ChinaCandidate:H Z CuiFull Text:PDF
GTID:2359330509963858Subject:management
Abstract/Summary:PDF Full Text Request
Since the 1990s, with the rapid development of economic globalization and information technology, the market competition is increasing fiercer and fiercer.Human resource finance and other business support which has been neglected for a long time are in an important status in company operation today. Based on the ERP system, large multinational group put support and service together to achieve the standardization, centralization and routinization. Shared services model can reduce the costs, create more value and improve the quality of service objectives. Today,Financial Shared service has been established widely in foreign multinational companies. Although this model was introduced to our country for not so long, some large enterprise groups have been promoting and establishing it.The expanded of group scale resulted in financial approval process complex,such as subsidiaries open bank accounts optionally, nonstandard business processing,bring a lot of problems like financial data is not accurate, large amount of fund precipitation, low productivity and other issues. Through constructing standardized accounting platform and standardized business processes, FSSC can improve the quality of accounting work efficiently and provide good service for the group;Through the centralized fund management platform, FSSC can reduce capital precipitation and improved the control of group's fund; Through the unified management of financial data, FSSC can provide high quality financial data and provide effective decision support for management.This paper based on the professional theory and standardization theory, scale economy theory and process reengineering theory.Based on the FSSC's construction and operation, from the construction background and the process of construction process, each link risk point and operation management process and so on. The key point when FSSC set up and the main operation process, and the Sunlight FSSC's deficiencies like that the process of restructuring of liability is unclear, staff's work enthusiasm is not high and poor correlation between information systems, put forward the corresponding improvement, suggestion. Hope to provide reference and guidance for enterprises to establish FSSC, in order to reduce management costs, improve themanagement efficiency, control the financial risk and promote financial decision support ability.
Keywords/Search Tags:Financial Shared Service Center, Standardization, Operations management
PDF Full Text Request
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