Financial Sharing And Corporate Financial Transformation

Economic globalization has become the development trend of the world,and the competition in the market economy has become more and more fierce.At the same time,the development of the times has brought a series of new technologies.Under the background of this era,the traditional financial management has many defects,and it is difficult to effectively adapt to the current enterprise management needs.Therefore,the comprehensive deepening reform in the accounting field has been actively promoted.The core of the transformation is to rationally divide the daily basic accounting part and the management part that can create value for the enterprise,to achieve the shift of the focus of accounting work,that is,from the accounting support category Jobs with relatively low added value are transferred to jobs with high added value,such as decision support,capital pooling,fiscal and tax planning,comprehensive budgeting,and risk management and control.Under this situation,financial sharing came into being and has been applied in many large enterprises and multinational companies.It introduces a variety of emerging smart technologies into enterprise systems,integrates and optimizes various aspects of the enterprise's resources,realizes business and financial integration,improves management and control of the enterprise,and improves operational efficiency while reducing costs and preventing risks.Effectively promote the achievement of the company's strategic goals and help companies achieve financial transformation.This paper combines two research methods,literature research and case analysis,to explore the overall construction process of L Group's mature financial sharing center on the basis of the theories of enterprise resource basis,enterprise capability basis,and scale effect,and analyze the necessity of implementing financial sharing services.In the main part of this article,the financial sharing organizational structure,business process and information system are analyzed.These three major reengineerings improve the ability of enterprise resource allocation,business insight and group control.Then achieve the goal of transforming to value-creating finance.For group companies,the financial management transformation under the financial sharing model is complicated,which involves a large number of parts,personnel and processes.Most of the existing research in this area is from a macro perspective to discuss related issues in the construction of financial sharing centers.However,the related research on corporate financial transformation and the mechanism of financialshared value creation needs to be improved.This article combines the case of L Group,in-depth analysis of the role of financial sharing in promoting corporate financial transformation,further enriches the literature on the construction of financial sharing centers and corporate governance,and can also guide enterprises to establish and perfect financial sharing centers,which has certain theoretical significance and practice significance.