Optimization Research On Financial Shared Service Center Operation Mechanism Of Company YT

Global market competition is becoming increasingly fierce.For seizing market share,the groups at home and abroad constantly set up branches to expand their own scale.For the headquarters,the financial department of each branch is its core business support department.However,the financial system has a lot of issues like inconsistent implement,inefficient action,lack of timeliness of financial data,etc.Therefore,large foreign companies are seeking change of the financial model for optimizing financial work,that is,from the traditional model to the shared service model.With the lean financial policy support of Ministry of Finance in recent years,more and more domestic companies began to set up financial shared service centers,learned from multinational financial shared model.In the case of YT company from 2013 onwards,adjust their strategic positioning China according to market conditions,strengthening the management headquarters,with the strategic development,reduce management costs,in response to the national call based on factors such as establishment of Chinese District Financial Shared Service Center,after 1 years of construction period and the actual operation for 3 years,and has been the headquarters resource optimization,cost reduction and efficiency enhancement effect.Firstly,based on the theory of transaction cost,resource integration theory,business process reengineering and management theory,this paper starts from the related research on financial shared service model at home and abroad,discusses the similarities and differences between the shared model and the traditional model,and proposes sharing advantages over the financial dispersion and concentration.Secondly,taking the five development stages of the shared service model and the application of China's financial sharing model as a reference,the paper analyzes the way in which the shared service center brings value and benefit to the group company,focusing on the premise that the company should establish the service center.The construction process needs to focus on the control of the "SPORTS" six factors.Thirdly,taking the shared service center of company YT as a case,this paper analyzes the process and the necessity of the financial shared service center,and summarizes the problems.Finally,according to company YT's latest development strategy,the paper puts forward improvement for the organization,personnel,systems,processes and quality of service management and other aspects of the proposed optimization program,The research of this paper not only provides an operable plan for the optimization of the operation mechanism of YT Financial Sharing Center,but also provides a reference and reference method for the construction and optimization of other company's shared center.