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Research On The Construction Of HX Company's Financial Shared Service Center

Posted on:2018-07-22Degree:MasterType:Thesis
Country:ChinaCandidate:D ZhangFull Text:PDF
GTID:2429330566971431Subject:Accounting
Abstract/Summary:PDF Full Text Request
The deepening of economic globalization and the progress of information technology promote the rapid development and expansion of large enterprise groups in China,but it brings a series of problems,such as high operating costs,weak financial control ability,poor quality of financial information.The introduction of the Financial Shared Service Center can solve all the problems.Financial Shared Services Center will integrate various business resources,and deals the problems by the operation mode and business procedure.One is focusing the accounting work of the affiliated enterprises to the sharing center,to reduce operating costs,improve financial efficiency and strengthen management and control;Another is the daily accounting function of the company will be stripped out to make the distinction between financial accounting and management accounting clearer and strengthen financial support decision-making ability.The research in this paper is based on HX company which is a leading enterprise in tax control industry.Through the practice of investigation and analysis of HX company,this paper points out the existing problems of HX company,such as insufficient control efforts from head office,finance staff's single function,business process cumbersome,higher operating costs,etc.So building Financial Shared Services Center for HX company is necessary.This paper combines the theory and practice and design a plan for constructing Financial Shared Services Center in HX company.First of all,the overall objective of the constructing Financial Shared Services Center in HX company is improving efficiency,strengthening management and control,financial transformation.Secondly,HX company should launch a pilot project in North China,the business services scope of the pilot project includes reimbursement,procurement to meet,sales receivable,funds management,asset management,report management,file management.Third,there are four key elements for the specific construction plan,and the four elements are organization,business process,information platform and performance management system.In the organizational aspects,Financial Shared Services Center in HX company should be with the Finance Department administrative level.In the business process aspects,HX company should set six business groups and a service support center.In the information platform aspect,HX company should mainly optimize and reconstruct reimbursement,procurement to meet and sales receivable,mainly develop Network reimbursement system,funds management system,electronic imaging system and electronic file system.HX company should design performance Management System from organization and personnel.Finally,putting forward the implementation plan,implementation organization,initial preparation work,the existing risk and the responses during construction,and providing some practical experience for the construction of Financial Shared Services Center in HX company to strengthen company management efforts,promote financial staff restructuring,optimize business process,reduce operating costs and enhance the overall strength of the company.
Keywords/Search Tags:Financial Shared Services Center, business process, financial management
PDF Full Text Request
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