The Case Study Of Siemens Financial Shared Service System Optimization

The deepening of the economic globalization trend and the advancement of information technology enable companies to expand their business scope globally.In the new era and environment,companies are facing new competition and challenges.How to effectively reduce costs,increase efficiency,and enhance the competitiveness of enterprises has become a problem faced by every company.Financial sharing services emerged as a result,which brought many benefits to the company: lowering the company's financial operating costs,improving the authenticity and accuracy of financial data,and improving work efficiency.As a result,more and more companies began to establish financial Shared service system.However,in the process of the application of the financial sharing service system,some problems have arisen.For example,the organizational structure of the financial sharing service center is incompatible with the current development of the enterprise,the degree of standardization of the business process is not enough,and the integration of the accounting information system is insufficient.The communication mechanism needs to be improved and perfected.These problems have led to rising financial operating costs and reduced work efficiency,affecting the operating efficiency and customer satisfaction of the financial shared service system.Therefore,the enterprise application of financial sharing service system is not once and for all,but it should be a continuous and gradual process.In this process,companies need to continuously find problems,solve problems,and continuously optimize the financial sharing service system.How to realize the continuous optimization of the financial sharing service system is a problem that the enterprise faces,and it is an important proposition that is worth exploring.Siemens AG is a large multinational joint-stock company that implements financial sharing services earlier.However,with the development of its business,the existing financial sharing service system has gradually revealed some problems and also faces new challenges.It needs to be optimized to improve Siemens Financial Shared Services Quality and Efficiency.This article combines the actual situation of Siemens AG,in order to find problems,analyze problems and solve problems,analyze the problems and challenges faced by the Siemens financial sharing service system from various aspects such as organizational structure,business processes,and financial information systems.Combining advanced technologies and concepts in the field,the company will conduct research on the enhancement and optimization of Siemens' financial sharing service system in order to provide some ideas and experience for the introduction of financial sharing services in the future and for companies that have built a financial sharing service center.