Research On Value Of Financial Sharing Service In Enterprise Groups

China ' s economy has been transitioning from a phase of rapid growth to a stage of high-quality development,which has been pointed out in the report delivered by Secretary General XI Jinping at the 19th National Congress of the Communist Party of China.At present,China is in the economic structure of upgrading and optimization,economic growth momentum from investment-driven,resource-driven to innovation-driven that is the new normal.Chinese enterprises began to seek a new way out,that is,they are applying sharing model,employing process standardization to improve financial efficiency,focusing on the advantages of human resources engaged in higher value-added work,so as to promote the transformation of financial function and enhance the overall value of enterprises.As a new management mode,financial sharing service is essentially the reform and innovation of enterprise operation management mode driven by information network technology,which brings opportunities for enterprises in strategic value,cost management and so on,and helps enterprises to excavate more widely and maintain competitiveness more consistently.At this stage,China faces the new normal of economic structure upgrading and optimization,and economic growth is also driven by investment-driven,resource-driven and innovation-driven.In this thesis the author analyzes the internal logic of service value and enterprise performance of financial Sharing service Center by using the theory of scale economy,transaction cost theory and process reengineering theory.Through empirical research on the change trend of 6 financial indexes from 5 annual samples of 46 established financial sharing service enterprises in Shanghai and Shenzhen A-share market in China,the author measures the influence of Financial Sharing Service Center on enterprise Operation ability,profitability,growth ability and solvency before and after the establishment to explain that the enterprise Financial Sharing Service Center has a certain service value.The research displays that the establishment of Financial Sharing Service Center in China will bring service value to enterprises,such as,reduction of the operating costs of enterprises,improvement of the profitability and operational efficiency of enterprises on which the most significant impact is exerted,ameliorating the ability of enterprises to repay debt,enhancement of the growth capacity of enterprises.Suggestions provided in this thesis are as follows.Firstly,enterprise managers must reach a consensus on the value that the financial sharing service model can bring and always align the construction of Financial Shared Service Center with the enterprise development strategy,ensuring that the value of financial shared services is fully demonstrated after the enterprise business resources are re-optimized,optimize and improve the organizational structure.Secondly,digital transformation of enterprises should be promoted to optimize business processes and make rises in data value.Thirdly,Financial Sharing Service Center of enterprises should make plans and adjustment in human resource in order to better functioning and furthermore to meet the needs of enterprise strategy,organizational level.