An Empirical Study On The Effectiveness Of Financial Shared Service In Chinese Enterprise Groups

Financial Shared Service(FSS)refers to the centralization of accounting business,including expenses,receivables and payables,general ledger,assets and taxation,as well as low-efficiency and duplicate manual operations in settlement business into one or more centers,so as to achieve the ultimate goal of reducing operating costs,improving operational efficiency,improving service quality and enhancing the core competitiveness of enterprises.Financial shared mode is a change in the field of finance.It changes the traditional way of development and promotes the transformation and upgrading of finance.With the extensive development of financial shared service in the world,scholars at home and abroad are increasingly studying it.The focus of the research is mostly on how to establish and develop this model for enterprise groups.The reason why enterprise groups adopt the management mode of financial shared is that they see the possible benefits,so they can focus on the effectiveness of implementing financial shared service,but domestic and foreign scholars are relatively lacking in this part of the research.To sum up,this paper uses eight financial indicators in financial management to verify the effectiveness of financial shared service by non-parametric testing method.Firstly,this paper summarizes the research results of scholars at home and abroad,introduces the related concepts and theoretical basis of financial shared service in detail,and expounds the development status of financial shared service.Secondly,based on the relevant theoretical basis,it selects variables,puts forward research hypotheses,makes descriptive statistical analysis and non-parametric test on sample data by using SPSS statistical software,and takes financial shared into account.As a new way,it takes a certain time for services to be accepted by the public.So this paper draws on the experience of previous studies to test the effectiveness of financial shared from one year before the implementation of financial shared service to the third year after the implementation of financial shared service.The study finds that enterprises before and after the implementation of financial shared service,in manufacturing and non-manufacturing industries,as well as in large-scale sample enterprises and small-scale enterprises.There are significant differences among the sample firms to verify the hypothesis.Finally,from the perspective of how toimplement financial shared service,how to promote manufacturing industry and how to improve non-manufacturing industry,and how to maintain large and strong large-scale enterprises and small-scale enterprises to enjoy the benefits of financial shared service,this paper puts forward some suggestions.At the same time,the shortcomings of this paper and future research directions are pointed out.