The Application Of Financial Shared Services In ZTE Corporation

Since the 1980 s,with the rapid development of science and technology,economic globalization has been gradually deepening,multinational companies have grown stronger,and the integration and reorganization of enterprises has become more frequent.Under such a large environmental background,how should a large group company strengthen the group's financial control over different departments of each branch and effectively reduce the company's financial management costs? In order to solve this emerging management dilemma,both theorists and practitioners are actively seeking cost-effective and more efficient financial management models.In recent years,a new type of financial management model — financial sharing service has been widely recognized by many large multinational corporations.It separates the company's daily financial functions and standardizes financial procedures through computer technology.This new financial management model can improve business efficiency,reduce operating costs,and optimize organizational structure.This new financial management model also conforms to the trend of information management development of financial management.About 80% of the world's top 500 companies have applied financial sharing services to group financial management.Then in our country,there are only a few companies that have established a financial sharing service center,and its related research is still in its infancy.The actual case of the specific application of the financial sharing service in the enterprise has very important research significance.ZTE Corporation(hereinafter referred to as ZTE Corporation)is the world's leading integrated telecommunications manufacturing and listed enterprise.ZTE Corporation is one of the large enterprises that established the financial sharing service model in China earlier and has accumulated a great deal of experience for China ' s financial sharing services.Has become the benchmark in the industry.This paper is divided into five parts: The first part is the introduction.It introduces the research significance of the financial sharing service center and the research status at home and abroad.The second part mainly introduces the relevant theories of the financial sharing service center,including its background and research.The third part analyzes some actual cases of ZTE's construction of a shared service center,including the background of the resume,the work flow,and the achievements;the fourth part mainly analyzes the key factors for the success of ZTE's financial sharing service center;The five parts summarize the enlightenment and thoughts brought by the case of ZTE's financial sharing service center.This article mainly uses the case analysis method,the literature research method and the comparative research method to analyze and research the case of ZTE's financial sharing service center.