Analysis On Risk Management Of Financial Sharing Service In China Railway Construction

Nowadays,economic globalization has swept every corner of the world,and digital economy has become a new trend of economic development.In order to gain a place in the cruel market competition,enterprises have expanded aggressively and occupied the market.With the frequent expansion activities,group enterprises also have some problems,such as redundancy of departments,overlapping of institutional powers and responsibilities,insufficient understanding of member units and waste of resources.Therefore,enterprises have explored the financial sharing mode to solve the above problems.Due to the national policy orientation and the urgent requirement of enterprise financial transformation,financial sharing service has entered a rapid development stage in China.The innovation of financial management mode of financial sharing service relies on powerful information system,and through changing organizational structure and reengineering business processes,it can centrally and uniformly handle the same type of business,help enterprises achieve scale effect,and achieve the functions of reducing costs and increasing efficiency,strengthening management and control,and improving core competitiveness.However,the concentration of accounting makes the risks concentrated.How to deal with the risks in organizational change,process change and information system construction has become the focus of the implementation of financial sharing services,and risk management is particularly important.As the first enterprise to implement financial sharing services in the construction industry,China Railway Construction has rich experience in risk management.The research on the risk management of implementing financial sharing services in China Railway Construction can be used for reference by other enterprises planning or implementing financial sharing services.Firstly,this paper expounds the research background and significance,reviews the related research on risk management of financial shared services by scholars at home and abroad,and shows the research ideas of this paper in the form of frame diagram.Then,starting from introducing the concepts of enterprise group,financial sharing service and risk management,this paper briefly expounds the risk identification,risk assessment,risk response and effect evaluation methods and related theoretical basis of enterprise group implementing financial sharing service.Then,this paper enters the case part.After introducing the basic situation of China Railway Construction and China Railway Construction Financial Shared Service Center,the risk identification and evaluation of China Railway Construction Financial Shared Service are further elaborated.Then,the risk management strategies of China Railway Construction Financial Shared Service in organizational change,personnel transformation,process reengineering and system construction are deeply analyzed,and its risk management effect is evaluated.Specifically,in dealing with the risk of organizational change,it puts forward three paths: clarifying responsibilities and authority,improving inter-agency coordination ability and strengthening communication with clients;In dealing with the risk of personnel transformation,this paper puts forward three schemes: skills training,rotation operation,optimizing performance appraisal and setting up differentiated talent promotion channels;In dealing with the risk of process reengineering,this paper puts forward three measures: multi-level approval of key nodes,continuous tracking and optimization of processes,and green channel processing of special services;In response to the system construction risks,five strategies are put forward: establishing telecom cloud platform,developing financial system based on cloud technology,using domestic database,conducting pilot evaluation and improving safety management system.Through a series of risk management,China Railway Construction Financial Sharing Service Center has enhanced the enterprise risk management and control ability,improved the fund management level,promoted the integration of the financial team,and improved the system intelligence level.Finally,this paper summarizes the risk management experience and enlightenment of China Railway Construction by implementing the risk management strategy of financial sharing.Clarifying responsibilities and authorities,optimizing performance appraisal,tracking processes,continuously optimizing and using domestic databases are the experiences of China Railway Construction in implementing risk management of financial shared services.At the same time,in order to successfully implement financial sharing services,enterprise groups should abandon the take-away principle,promote the financial sharing mode step by step according to the characteristics of enterprises,pay attention to the development of information technology,and combine it with big data,so as to adapt to the arrival of the digital economy era and do a good job in risk management of financial sharing services.