Research On ZTE's Working Capital Management From The Perspective Of Financial Shared Services

The rapid development of information technology affects all the details of the group's daily business activities.Having working capital matching the scale of operation is a necessary condition for any enterprise to maintain normal operations in a fiercely competitive market.As a well-known large-scale multinational enterprise at home and abroad,ZTE Corporation provides labor services and commodities relying on high-tech R & D.R & D requires a large amount of investment and a long recovery period of funds.In actual operation,it faces greater financial risks.ZTE's financial accounting and management mainly rely on the financial shared service center.This new management model has basically met the needs of the daily operation and management of the enterprise through the use of computer technology.However,ZTE's working capital management still has many shortcomings on the basis of the financial sharing service running for many years.Working capital management is an important part of corporate financial management,which will greatly affect the level of corporate financial risk.Therefore,under the financial sharing model,the management of corporate working capital must also be continuously optimized according to the development of technology and market.From the perspective of financial shared services,working capital management and improving the ability to resist financial risks are important issues that ZTE needs to solve.First,the thesis gives a theoretical overview of working capital and financial sharing services.Then,introduced the status of ZTE Corporation and its financial shared service center and working capital.Next,analyze the current status of working capital management based on ZTE's financial sharing service,and find out the problems of ZTE's working capital management under the financial sharing service model and analyze the causes of the problems.Finally,according to the analysis of the cause of ZTE's working capital management,the corresponding countermeasures and suggestions are put forward.Through this research,I hope to provide theoretical reference for ZTE 's working capital management optimization,help the group companies establish a more efficient and scientific working capital management environment,conduct in-depth research and strive to overcome the shortcomings of working capital management based on financial shared services In order to obtain the best results of modern management methods and methods,help enterprises that are currently preparing to implement or have implemented financial shared service centers to solve the problems that arise in working capital management.