Optimization Study On Y Group’s Regional Financial Sharing Service

With the continuous improvement of China’s economic level,more and more Chinese companies began to grow and become a cross-regional business group.Business scale expands rapidly,at the same time,the cost burden of many companies increases continuously,the operating efficiency is also declining,and the Group’s financial management and control capacity will be gradually weaken.In order to grow in the rapid growth,while continuing to maintain sustainable competitiveness,enterprises need to change management,especially the financial management model.After Years of practice by multinational corporations,the financial shared service model has been proved to be a better solution to this problem.More and more Chinese companies have begun to learn from this way,to build their own financial sharing service system and to seek the sustainable development of the shared center.As a multinational company,Y Group has a number of regional financial sharing service center,in the world.the Group is focus on integrated operation and unified management.This paper uses case studies,and is different from the past research which focused on the construction of shared services,concerns about the optimal development of shared services.The paper firstly reviews the related research and theory,introduces the core elements of financial sharing service,the related concepts,and summarizes the main modes of current financial sharing service.Secondly,it analyzes the status quo of the regional financial sharing service,namely,the sharing service of Asia,and puts forward the problems of the development process,including organizational structure model,business process,information system,customer communication and bill management.Finally,a detailed optimization proposal is proposed for the problem.This paper combines theoretical analysis and case study,financial sharing services can be the expansion of the traditional decentralized and centralized financial management model;It is the guidance of all aspects development of Y Group Asia financial services in the future.And having some reference for China’s large enterprises and multinational corporations to build or optimize the financial sharing services.As a result of the Group’s M & A activity,Asia sharing services has used two financial accounting systems to be applied to mergers enterprises and groups.This paper has been innovated in the organizational model to meet the daily business processes.But also designed the organizational model for the late unified financial accounting system.Each large-scale enterprise group operating across the region should use existing financial sharing service concept and practical experience to build and reform their own financial sharing service model,based on the characteristics of their own development,to achieve financial restructuring and support the development of the Group more effectively.Therefore,this paper has a strong practical significance,in order to contribute to the development of China’s financial sharing services.