Research On Risk Prevention Of Financial Sharing In NX Petrochemical Company

Faced with the new situation of intensified international competition and deepened domestic competition,how to grasp the development opportunities,promote technological innovation,mode innovation,mechanism innovation,system innovation,and promote the sustainable and healthy development of enterprise groups has become a problem that many large enterprise groups are thinking deeply.With the continuous expansion of business scale of enterprise groups and cross-regional and cross-border business expansion,enterprise groups require branch companies to have a higher level of management.Competition among enterprises is not only between products,but also between business models.In recent five years,domestic financial sharing service has developed rapidly,showing a high-speed growth trend.The Ministry of Finance and SASASAC are also actively promoting the construction of financial sharing service centers in large state-owned enterprises.However,there is little mention of the risk of large subsidiaries of enterprise groups in the process of implementing financial sharing.Therefore,subsidiaries must pay attention to the risks associated with the reengineering of organization and process of enterprise groups in the process of implementing financial sharing and take timely precautions against them.Focusing on the theme of risk prevention in implementing financial sharing,this paper takes NX Petrochemical Company as the research object,analyses the difficulties and risks in implementing financial sharing,and clarifies the research value of the paper.Firstly,based on scale economy theory,process reengineering theory,competitive advantage theory and flat organization theory,this paper analyses the risk connotation and characteristics of NX Petrochemical Company's financial sharing.Secondly,through historical literature,expert interviews,on-the-spot surveys and combined with the overall risk management framework of COSO enterprises,the risk factors that may exist in the process of financial sharing are estimated,including risk items such as organization,personnel,system,process,taxation,management and operation.Then,based on the estimated risk factors as the basis of the questionnaire survey,the key risk factors are screened out.It is found that the most serious risk items are negative images for the organization and personnel of the enterprise,which have adverse effects on decision-making,unstable service level of the financial sharing service center,rising turnover rate of financial personnel,and limited professional development of financial personnel.Finally,according to the results of risk analysis,according to different types of risks,combined with ZTE's implementation and management methods of Financial Sharing services,it is proposed that in the process of implementing financial sharing,NX Petrochemical Company should focus on preventing and coordinating the relationship between Financial Sharing Service centers,rationally allocating financial personnel with different functions,and improving the stability of financial sharing information platform.In order to help NX Petrochemical Company implement financial sharing service more smoothly,and provide reference for other regional companies of S Group Company.