Improvement Of Cost Control Of Enterprise X Based On Financial Sharing

In recent years,the development of information technology is getting faster and faster.Many traditional enterprises are relying on information technology to help enterprises achieve more efficient management.It is important to use information technology to control the costs of large enterprises,because large enterprises usually have more branches and information resources cannot be shared.In addition,each company has its own rules and regulations,and information can't be unified,so these have brought difficulties to the financial cost control of enterprises.Many large enterprises have begun to use information technology to achieve cost control.One of the more common and effective is financial shared services.Financial sharing services can effectively integrate enterprise information resources and optimize the repetitive and standardized business of each branch of the enterprise so as to improve the operational efficiency of the entire enterprise,while achieving the goal of reducing costs.What's more,financial shared services can also support the management decisions of corporate management.This article takes the X enterprise as an example,combining the actual situation of the enterprise,analyzes the problems in the cost control of the X enterprise in the daily operation process,and uses the financial shared service theory to improve the cost control of the enterprise.This article first introduces the basic situation of company X and the current status of cost control.Then it analyzes some existing problems in the current cost control system,such as the inadequate cost control system of the enterprise,insuficient resources integration,lack of information support and employee training and incentives and,at the same time,explains the necessity of financial sharing services for X companies to control costs.According to the business model of enterprise X,it chose to construct financial sharing services for its three modules—procurement,sales,and expenses,and proposed targeted safeguard measures for the construction of the entire financial sharing system.In general,financial shared services are necessary for the long-term development of the enterprise,and can well meet the growing development of the enterprise and effective control of costs.