Study On The Construction Of Financial Sharing Performance System Of MN Group

More and more group companies are built under the rapid development of global economics and information technology.The layers of management become more complicated and the regulation way is inflexible gradually after the enterprises execute the collectivized management.They lead to the cost of management increasing sharply.Besides,it would be easy to form the risk of uncontrolled movement.Because the company's internal management levels increase and the accounting subject also scatter all over the country with the growing enterprise business scope.Also,the group internal financial data is incomparability due to the differences across business accounting entity,accounting principles,accounting methods and standards.Due to multiple levels of financial reports and long process and slow speed,accounting data dispersion,information asymmetry between superiors and subordinates,it caused financial data is wrong easily and with low transparency and weakened the control of company by group leader.In addition,financial staff put a lot of work and energy into financial accounting.They have limited time and ability to provide support for business and decision-making,which makes the enterprise unable to adapt to the rapidly developing market.The serious financial management problems restricted the development and execution for strategic goals of group company.Therefore,the enterprise is obliged to transform to digital management.An enterprise must change the financial management mode if it wants to develop.It should integrate the business accounting and supporting services.So financial accounting and supporting services to realize standardization and process and centralization.Thus,the enterprise could reduce the operating costs,improve service quality and create greater value.The construction of financial sharing center is the beginning and foundation of transformation.It undertakes the responsibilities and missions of business normalization,process standardization,system automation,office paperless and service globalization of financial professional knowledge and business foundation of the company.Transformation is that the financial and accounting work could be divided into daily accounting function and accounting management function.To make accounting staff centralize the dispersed and be able unified the basic accounting work through financial Sharing.Utilizing the means such as information technology and process,for financial staff to release more time to budget analysis and fund,tax,financial planning,risk controlling and more valuable work.By sharing center such internal organization construction,realizes the effective financial support and bear the strategy execution for the enterprise.Therefore,financial sharing center is the first step of enterprise management transformation.Up to now,80% of the global top 500 companies have realized financial sharing.But in China,the practice and theoretical research of financial sharing is still in the stage of gradual exploration.It is inevitable to have many problems after the introduction of such a new financial management mode,among which performance management is one of the most urgent problems to be solved.Performance management is an important measure to improve enterprise's efficiency and operation.Also,it is an important method of personnel management.So,to establish a systematic,effective and scientific financial sharing performance system is a necessary path to achieve the goal of financial transformation and support financial sharing optimization and improve the personnel comprehensive qualities.It plays an important role and realistic significance.This article introduced the financial Shared services model and enterprise performance management related concepts through MN group financial Shared services center performance system construction analysis,using theory analysis and case study method,chart analysis.It introduced MN financial Shared services center performance system by recommending respectively from two dimensions of system frame and the process execution.It also sums up the bright spots and problems of MN financial sharing center in the process of performance management implementation and analyze the cause of problems deeply and solutions.The first part: mainly carries on the depth analysis to the research background,the significance and the domestic and foreign present situation.It elaborates research content and method for this article.The second part: minutely elaborates the concept of financial sharing performance and introduces the definition and relevant theoretical knowledge of financial sharing,performance management and financial sharing performance.The third part: the present status,positioning,objectives,composition,implementation and highlights of MN group's financial performance sharing are introduced from the previous financial performance theories.The fourth part: deeply interprets the problems and causes of MN group's financial sharing performance.The existing problems are found in the form of interview and investigation.First,the extend of financial sharing performance information integration is low,and the content of performance assessment is complex and difficult to operate.Second,the financial sharing performance is not fully implemented and there is deviation in the implementation.Third,the performance process lacks effective communication,and two-way satisfaction cannot achieve exactly.Fourth,A series of practical problems,such as the incompatibility between performance mechanism and employees' demands,and the inability to fully mobilize employees' working enthusiasm,etc.The fifth part: propose solutions to the problems existing in the performance system implementation process of MN group's financial Shared service center.First,Integrate performance system.Second,improve performance indicators and strengthen performance management.Third,establish interactive performance interview feedback process;Fourth,Strengthen the core culture of performance and improve employee engagement.Fifth,continuously promote and sign service level agreements to improve performance.The sixth part: conclusion--the author hopes to introduce the performance system of financial sharing center of MN group and analyze the existing problems to bring some referential effects to other enterprises.