Research On The Characteristics And Effects Of YT Company's Financial Shared Service Model

The 21st century is the era of information expansion.The financial shared service model will inevitably become the new direction of the future financial management model.Therefore,studying its characteristics and effects has certain practical significance.To this end,the qualitative and quantitative research methods are applied.On the basis of reviewing related literatures at home and abroad and introducing relevant concepts and basic theories,systematic research on the establishment process,characteristics and effects of YT's financial shared service model is carried out.The main work results and conclusions are as follows:(1)Based on the comparison between vertical and horizontal,the qualitative and quantitative research methods are applied,and the analysis reveals the characteristics of YT's financial shared service model.Vertically,the financial shared service model abandons the shortcomings of the traditional financial management model,combines the advantages of centralized and decentralized,and truly maximizes the advantages.Horizontally,the financial sharing service model between YT and ZTE(the first in China),SH enterprise(the same region)and SQ company(the same industry)was compared and analyzed.The research found that YT's financial sharing service model has three prominent features:?The company's place of registration is the same as that of the financial shared service center,which is conducive to reducing costs and reducing staff turnover;?setting up a tax commissioner to solve the tax risk to a certain extent;?establishing information communication before the expense reimbursement,and preparing for the preliminary preparation to facilitate the follow-up work.At the same time,the analysis found that YT company has less business in implementing the financial shared service model,and should be optimized and increased in the later stage.(2)Evaluating the effects of YT's implementation of the financial shared service model from the aspects of company's operational effects,financial effects and stakeholder effects.The study found that YT's implementation of the financial shared service model has different levels of help in terms of saving personnel costs,improving information technology,improving service quality and operational efficiency,realizing resource sharing,and supporting the company's development strategy,although it also exists.Part of the problem,but the overall role shown is positive.Then,the corresponding countermeasures are proposed for the existing problems,namely:unifying the business process,perfecting the system,doing a good job of employee transformation,paying attention to information management,optimizing and increasing the types of business.This research further enriches the academic research results of the financial sharing service model,and provides theoretical basis and reference for the construction of the financial shared service model of the automobile industry.