Optimization Research On LY Power Financial Shared Service Center

With the economic globalization and the improvement of comprehensive national strength,continuous innovation of the mode management to modern enterprises as well,the requirements for the financial management system are also increased day by day.The major trend of financial management reform and perfection is the transition from decentralization to centralization,the analysis of financial data changes daily,not regularly any more.Under this circumstance,financial shared services center,a management form of accounting calculation,has been adopted increasing by large international enterprises.The continuous optimization of financial shared services center system is influenced by increasing innovation of the mode management to modern enterprises.The LY electricity company is facing an unprecedented pressure of competition from home and abroad.In recent years,with the deepen transition of enterprises,the internal financial management and accounting required by the head quarter of group need to be improved constantly.The financial control,as an important part of company management,can bring great economic benefits,once work effectively.Thus,it's necessary to upgrade management and control modes.Nowadays,on the basis of the almost established financial shared services center system,the main quest that The LY electricity company need to explore are that the financial shared services center optimization and implement of the process which meet the needs of the development of business activities of enterprises.However,there are still lots of problems: ineffective financial accounting,uncontrollable centralized fund management of the headquarter of group system.Moreover,the system data is useless to make a right decision.As a result,it's bound to research the theory and practice of financial integrated sharing positively,which play an active role in improving the financial management and informatization of the LY electricity company.Based on the summary of the domestic and international document and practice experiences,the thesis study by literature analytical method and a case study.First of all,it lucubrate the current situation and main problems of the financial shared center of the LY electricity company,then draws out the necessity and feasibility of optimizing the center.Next,combined with financial shared services' theory and successful practical experiences of domestic and international enterprise groups,it makes a general designation of shared services center of the LY electricity company.Facing the existing problems,it comes up with optimizing corresponding strategies and schemes based on objectives,principles,management modes and operation processes.Last but not least,it takes safeguard measuresto operate the optimized financial shared services center.The optimization of financial shared services center is far-reaching and great significant for improving the level of financial management and control of the LY electricity company,even the whole electric power industry.