ABC Company Financial Shared Service Management Practice Research

In the epoch of economic globalization,the development of information technology,such as Big Data,Internet+ and Cloud Computing etc.causes a tremendous change in management,which requires enterprises to initiate innovations to meet the challenge.By analysing the advanced management concepts and ideas,the domestic state-owned enterprises,most of which are in the process of reforming right now,find it difficult to catch up with many successful multinational corporations in managing efficiency and effectiveness.Therefore,the domestic state-owned enterprises are trying to improve their management through the guidance of the State-owned Assets Supervision and Administration Commission(SASAC).To shift management from an extensive way to an intensive and elaborate way,state-owned enterprises should focus on solutions to the problem which pervades in the management system due to the lack of integrity in organising and controlling.It is critical for large corporations to introduce intensive methods in financial management.The previous experience of many corporations has proved that a centralized financial management and Financial Shared Services(FSS)are essential contributions to a high-performance organisation.This report starts with the point of view of financial centralized management,and then it investigates the establishment and functions of Financial Shared Services Centre which supports financial centralized management and provides financial shared services for large corporations.Through analysing the achievements,performance and issues when utilizing financial centralized management in State Grid ABC Electric Power Corporation,the report incorporates the theories of Financial Shared Services into financial practices,and therefore tries to resolve contradictions between financial centralized management and traditional structure.It also demonstrates the feasibility of establishing the Financial Shared Services Centre,and through which grid enterprises can improve achievements by creating scenario of integrated Financial Shared Services including Grid Corporations' Financial Accounting Shared Services,Management Shared Services,and Strategy Shared Services.The report involves more than internal problem-solving in state-owned grid enterprises,it investigates the whole industry as well.Based on the practical cases and theories,the report provides many innovative ideas,such as categorization and utilization of financial shared services model etc.,and it also improves the theoretical underpinning of research by using SWOT analysis,FOCUS matrix,PDE theory etc.At the same time,the report,as an applied research,focuses on practicality and concentrates on transforming research findings into practical value.The report analyzes the risks and puts forward some countermeasures..