Research On Risk Management Of A Company Implementation Of Financial Shared Services

With the steady development of economic globalization and the rapid progress of technology,in order to solve the problems of institutional redundancy,information barriers,and inefficiency of financial management,more and more large enterprises have decided to implement financial shared services to strengthen financial control and reduce management costs.However,the implementation of financial shared services is not accomplished overnight.It is a long and complex process of change,involving the adjustment of corporate strategies,organizations,processes,systems,and personnel.It is accompanied by many risks.The superimposed risk may affect the effect of financial shared services,lead to the failure of internal management reform,and then affect the development of the enterprise.Therefore,in the process of implementing financial sharing services,it is necessary to identify the risk issues and prevent them in order to achieve a better,faster and more stable financial sharing transformation and achieve the strategic goal of reducing costs and increasing efficiency.This article uses a combination of literature analysis and case study.Firstly,it summarizes the related theories of financial shared services and risk management to lay a theoretical foundation for the following article.Secondly,it introduces the current situation of the implementation of financial shared services of company A,and finds that there are many risks in the process.In order to solve these risks,the article re-examines the process of A company’s financial shared services along the steps of risk management "risk identification,risk assessment,and risk prevention" : First,it extracted six risk aspects from literature and interviews including strategic planning,organizational change,process change,system operation,and personnel change.Second is to quantify the risk through questionnaires and fuzzy comprehensive evaluation methods,and the overall risk level of financial shared services and the scores and rank of various risk factors.Third is to propose risk prevention countermeasures based on the risk assessment results,with a view to improving the implementation effect of company A’s financial shared services and perfecting the enterprise’s comprehensive risk management system,and to provide reference for similar enterprises to implement financial sharing transformation.