Research On Implementation Efficiency Of Financial Shared Services In Manufacturing Enterprises Based On DEA ——Take Changhong,Sichuan As An Example

With the increasingly complex economic environment and the expansion of enterprise scale,financial transformation is the only way for Chinese manufacturing enterprises to stand out in the competition.Due to the late start,the strategy of practice first can only be adopted in the case of lagging theoretical research in our country.At present,the establishment of the evaluation system for the implementation efficiency of financial sharing is not yet mature in China.We can only explore and advance in the field of sharing.How to quickly and effectively construct financial shared services for manufacturing enterprises with Chinese characteristics urgently needs correct theoretical guidance.Sichuan Changhong Enterprise Group began to establish a financial shared service center in 2005.So far,it can operate independently and provide corresponding financial shared services for enterprises.By taking it as the research object and reconstructing the evaluation system of the efficiency,it can provide reference for the enterprises willing to implement of this kind of service.This can not only help enterprises that have not implemented financial sharing to quickly and steadily introduce a financial sharing mechanism,but also provide ideas for the efficiency improvement of enterprise groups that have implemented financial sharing.Only by raising the awareness level of local manufacturing enterprise groups and even large groups in other industries on the financial sharing model and the evaluation of implementation efficiency can financial sharing be promoted to the greatest extent in our country.Different from analysis methods such as "balanced scorecard" and "analytic hierarchy process" that have received widespread attention,the DEA method based on linear programming incorporates input into the efficiency evaluation standard,and reflects the input-output efficiency.Based on the DEA method,this paper constructs a efficiency evaluation system from both static and dynamic aspects,distinguishing input and output influencing factors to provide a reference for the implementation efficiency evaluation,in order to further clarify the bottleneck factors restricting the implementation effect of Sichuan Changhong financial sharing,and its financial Share implementation efficiency improvements to find a clear direction.The study found that the implementation efficiency of Sichuan Changhong’s financial sharing service has a large gap from the production frontier and has shown a weak regression in recent years.The main constraints on its efficiency improvement are as follows: the low conversion efficiency of intangible assets input,the reduction of management costs,management efficiency of receivables in the post-implementation period is lower than ecpected as well as the technological innovation is out of touch due to the rapid scale expansion.Through the research on the overall trend of implementation efficiency,it can be concluded that the overall efficiency of this kind of service in the manufacturing industry is low.Based on the above research conclusions,this paper builds a financial sharing implementation efficiency evaluation system based on the DEA method for the case companies,which can reflect problems for the sample companies.Identifying the bottleneck factors restricting efficiency can more effectively help enterprises to improve the implementation methods of shared services.It also provide a new perspective for manufacturing enterprises to improve the efficiency of implementing financial shared services.Only by helping enterprises to clarify the improvement direction of the implementation efficiency of financial sharing can we give enterprises the impetus to continuously improve the technical level and management level of financial sharing implementation,and will finally promote the progress of the efficiency of this kind of service in manufacturing enterprises of our country.