Research On Financial Shared Service Of M Company

In nowadays,the economic environment is constantly changing because of the development of information technology.To remain a company`s competitive edge,it has to make sure its management method keep pace with the times.Financial shared service is new management method which able to adapt the development of information technology and help the company expand quickly.It can help the company gain more profit with lower cost,and it has been used in daily management by a lot large multinational company.Through modernization information platform,financial shared service can integrate scattered background works and cut the duplicate tasks.Furthermore,it will bring many advantages such as standardization of the process,integration of finance and business,centralized management of funds,simplifying the structure and reducing cost.After decades development,financial shared service has shown its practical value.This project use M company as an example.It will start with a basic introduction of financial shared service on the definition,influence factor,and objective inevitability.It will also combine FSS and resources integration theory,economies of scale theory,competitive advantage theory,internal customer service theory and process re-engineering theory.By analyzing the basic information and operating pattern of financial shared service of M company,it shows the issues of risk control,performance evaluation and excitation,informatisation integration,operation flow and task assignment.By increasing awareness of risk control,building performance appraisal system,integrating informatisation level,improving the mechanism of operation and management and strengthen stuff communication training,it shows a positive development.General account receivable and payable,general ledger,expense reimbursement and fixed assets are driving to maturity stage.It provides relevant information and scientific method for business plan and decision,process control and business evaluation.However,there is still some room to improve on business operating and management,employee management and efficiency.