A Case Study Of ZTE's Financial Integration Under The Financial Sharing Model

Affected by the international background and economic globalization,competition among international companies is intensifying,and Chinese enterprises are also facing unprecedented challenges such as rising costs and trade protection.Under the impact of big data,large-scale group companies have complex management problems,and the uncertainty that comes with it has become another important issue that threatens the survival and development of enterprises.However,cruel corporate competition and significant development opportunities coexist.Therefore,under the new normal economy,promoting the transformation and upgrading of corporate structures,and promoting collaborative management and refined management of enterprises have become inevitable choices for sustainable development of enterprises.To stand out in this complex environment,companies must reform.As far as finance is concerned,the transition from financial accounting to management accounting is the general trend.Data analysis and decision support provided by industry-finance integration is also an important subject for future financial development,and the industry-finance integration under the financial sharing model is also increasing More and more attention from the industry.We can't help thinking about the following questions:(1)What is the meaning,reason,and implementation mode of business-finance integration?(2)What is financial sharing,what are the advantages of financial sharing,and what aspects of financial sharing can be used in an enterprise?(3)What is the integration of business and finance under the financial sharing model,and why should the two be united?(4)How to promote industry-finance integration under the financial sharing model,and what issues need attention in the implementation process?The thesis attempts to answer from the above aspects.First,based on literature research,the concept,structure,and current application of financial sharing model,as well as the meaning,specific content,and implementation mechanism of business-finance integration are elaborated.Secondly,from the perspective of the relationship between financial sharing and business-finance integration,the paper further analyzes the fundamental role of financial sharing in business-finance integration,and elaborates the clear division of functions,high informationization level,and strict management and control capabilities of the two.Then,the paper selects ZTE,the earliest business-finance integration enterprise under the financial sharing model in China,and uses the timeline as the main line to analyze the shortcomings ofZTE's initial decentralized financial management model,and build financial sharing management on this basis system.Thirdly,from the four aspects of optimizing process management,transforming financial organization,improving information system design,and quoting blockchain technology,the implementation process of ZTE's financial sharing,the implementation of industry-finance integration measures,and the phased results achieved are described.Finally,the paper analyzes the problems existing in the business-finance integration process of ZTE under the financial sharing model,and gives corresponding solutions to the problems raised.