A Case Study On Business And Financial Integration Of T Company

As the degree of globalization continues to deepen,the number and size of companies have grown exponentially,and business models have become more diversified.Therefore,the state of the business department and the financial department in the past have gradually exposed their drawbacks.The problem of information islands between the two departments has become one of the obstacles to the long-term development of enterprises.In this environment,the concept of business and financial integration has emerged.T Company adheres to the concept of integration of business and finance in the management,and has achieved certain results and has certain research value.This paper analyzes the case of T company's business and financial integration through literature research and case analysis.First of all,this paper introduces the research background and research significance,and combs the domestic and foreign business and financial integration research,and then expounds the related content of the business and financial integration such as definition,theoretical basis and implementation path,and draws the analytical framework of this paper.Then it introduces the path of T company's implementation of business and financial integration,namely,reengineering organizational structure,establishing financial sharing center and reengineering procurement and fixed asset management business processes,and analyzing and comparing the company's management and financial performance before and after implementation.Effective measures taken by T Company to implement business and financial integration,such as the establishment of a business and financial integration culture,the establishment of a financial sharing platform and the reengineering of financial and business processes,hope to provide reference for other companies to implement business and financial integration.Then the paper points out that T company's financial department has low initiative,business benefit evaluation system is imperfect,financial department has insufficient control over business,and puts forward opinions from the aspects of talent system establishment and business benefit evaluation system construction.The research work presents a vision.For the company,the integration between business and finance can greatly improve the efficiency of the company's production and operation.Although T Company still has some areas for improvement in the implementation of business and financial integration,it has achieved good results,and its implementation path still has certain reference significance.