Analysis On The Construction And Operation Of Financial Shared Service Center Of Group Company

In order to seize the new opportunities brought about by the rapid development of the market economy,increase the level of economic benefits,and form a competitive advantage in scale,more and more companies have joined the ranks of group-oriented business development.However,there are many unavoidable problems in the process of group management,such as high operating costs,low use of financial information,inconsistent financial accounting rules,and financial risks due to inadequate management,higher frequency and so on.In response to the various difficulties encountered during the operation of the traditional financial management model of the group companies,under the constant exploration and study of the company's leadership and academic experts and scholars,the financial sharing service model emerged at the historic moment and was widely recognized internationally.The financial sharing service model is based on Internet information technology as an important dependency carrier.Standardization and process are taken as the basic norms of financial business processing,and financial operations are centralized to reduce the company's operating costs,strengthen risk management and control,and improve customer satisfaction.And emerging financial management models with a major goal of increasing company value.Firstly,this paper expounds the financial sharing service theoretically,mainly expounds the background,concept and characteristics of the financial sharing service center,the concept of the financial sharing service center,the comparison and selection principle between the Financial Sharing Service Center and the financial company,and the advantages of the financial sharing service center.The case study method was used again to conduct research on Y Insurance Group's financial sharing service center through field research.The traditional financial management and control methods and problems of Y Insurance Group were analyzed:high operating costs,high financial risks,low degree of standardization,low service satisfaction,etc.,And then on this basis,it further analyzed the necessity and forward-looking of Y Insurance Group's implementation of the financial sharing service model,elaborated the construction content of the complete financial sharing service center,and evaluated the operating results of the financial sharing service center and its unsolved or newly brought Questions so that improvements can be made in the future.The standardized and procedural operation mode of financial sharing services helps the group companies strengthen their risk management and control capabilities and improve their financial services.Therefore,it is possible to carry out analysis of causes,propose solutions for Y Career Group's problems in personnel career planning and excessive operating costs,and make judgments on the development trend of financial shared service centers.It is hoped that the research on the financial sharing service model implemented by Y Insurance Group will have certain practical significance for the reform of Y Insurance Group's financial management model and provide preliminary guidance for the future development of the financial sharing service center.Through analysis,it is not difficult to find that financial sharing service is an effective means to solve the problems of group companies,and is an objective product of corporate group development.