Research On Financial Sharing Model And Its Impact On Retail Enterprise Working Capital Management

During the stage of economic globalization,some large enterprises are expanding business scale because they are not satisfied with national or local development,which results in a mismatch between the company's financial management capabilities and business scale.In this context,foreign companies took the lead in seeking solutions.They explored a method called Financial Sharing Model which relies on information technology,based on financial business process processing,and with the purpose of optimizing organizational structure,standardizing processes,improving process efficiency,reducing operating costs,or creating value.The market perspective provides internal and external customers with a professional production services by the financial sharing model.In 2018,the asset-liability ratio of China's wholesale and retail industry reached 68.07%,and the asset-liability ratio of most retail enterprises showed an upward trend.At present,most retail enterprises in China still use the traditional financial management model,and the working capital management efficiency is low.Financial sharing model may provides new ideas for retail working capital management.So how to build a financial sharing model in the retail industry?What impact does the financial sharing model have on corporate working capital management?In response to the above problems,this paper organizes the relevant background and literature and uses case studies and other methods in the first chapter,and it is based on process reengineering theory,economies of scale theory,supply chain management theory and channel management theory.Firstly,in the second chapter,the article analyzes the development of the financial sharing model in the retail industry.And then the paper analyzes the different development stages of Yonghui Superstores'financial sharing model and its impact on working capital management in the third and fourth chapter.Finally,in the fifth chapter,the paper draws a conclusion that the financial sharing model has a positive impact on the level of corporate working capital management,and provides the retail industry with some suggestions about the financial sharing model based on the conclusion.After research,this paper concludes:(1)The development of financial sharing model can be divided into different periods.(2)Different development stages of the financial sharing model can promote Yonghui Superstores to adopt different working capital management models.With the development of the financial sharing model,the working capital management model has finally changed from the initial centralized fund management to assist in decision-making.(3)The financial sharing model has a positive impact on the working capital management efficiency of Yonghui Superstores.(4)Different stages of the financial sharing model have different impacts on the efficiency of working capital management.During the initial period of Yonghui Superstores,the efficiency of working capital management has rapid improvement.During the development period,the improvement of working capital management efficiency is steady.And during the mature period,the efficiency is basically stable.This article has some innovations in research background,research content and case selection.The financial sharing model is a new financial management model,so the relevant researches need to be enriched.And this article selects a retail firm as a case to research study by the vertical dynamic analysis method.However,this article adopts a single case study method,so the research conclusion may not be universal.It is expected that subsequent follow-up comparative analysis of multiple cases will enhance the promotion value of conclusions and recommendations.