Design Research Of XY Company Financial Shared Service Center

From the current situation,economic globalization has shown an unstoppable trend,and the world trade is also expanding.Therefore,multinational corporations have become the most active elements in economic globalization.They were born in economic globalization and are constantly developing and growing in the process of globalization.At the same time,multinational corporations are not only beneficiaries,but they also further promote the development of various fields of the global economy in the process of trade,which in turn leads to the deepening of international sub-engineering and the gradual formation of the world economic structure.Therefore,in this era,all companies should turn their attention from the domestic market to the foreign market to adapt to the existing global economic structure.Therefore,in this era,enterprises must strengthen their own learning if they want to adapt to the current situation in a timely manner,especially the enterprise's own outdated management mode.It is difficult to optimize the allocation of resources not only because of high cost and low efficiency.Moreover,due to the rapid development of China's economy,the scale of many enterprises in China has expanded rapidly,but it has also led to problems such as business processes,work efficiency and operating costs.In this paper,before the establishment of the financial shared service center,XY company management and control is weak,supervision is weak,there are various risks;financial institutions are bloated,financial management costs remain high;each business unit has its own free control of funds,Lead to redundancy.The utilization rate of funds is greatly reduced;the business is scattered,the basic accounting work is revived,and the process and standard management are lacking;the financial system of each business department is not standardized,the accounting is difficult to be unified,real-time monitoring is impossible,financial information is difficult to guarantee;financial data and business data are serious.Out of touch,each department is independent of each other.It is difficult for all departments to cooperate with each other.After the establishment of the financial shared service center,this paper is expected to achieve the following results: First,comprehensively improve the level of management control and effectively prevent risks;second,reduce financial institutions and financial personnel,reduce financial management costs;Third,the business sector own funds to share The central management of the center will effectively improve the utilization rate of funds.The fourth is to achieve specialized division of labor,process,standardization,and greatly improve business efficiency;the fifth is to unify the financial system and business norms and processes.Effectively guarantees standardization,real-time monitoring and quality of financial information;sixth is the effective integration of data between the financial and business departments,the synergy between departments and the integration of financial services.In this paper,the paper first introduces these documents based on various shared service literature.Then,the enterprises that implement financial sharing are used as research objects to describe their shortcomings and summarize the lessons.In addition,it will analyze the current status and problems of XY company's financial organization,and build a financial shared service center to analyze the organizational structure and business processes to provide optimization suggestions for specific problems.