Case Study On The Construction Of ZTE Financial Shared Service Center

During the 40 years of reform and opening up,the development of Chinese enterprises is obvious to all.More and more enterprises have grown bigger,longer,stronger,and better.Many branches,wide regions,and scattered industry layouts make the organizational structure of an enterprise very complicated.Finance,as a collector,processor and analyst of various economic data in business activities,should become a think tank for enterprise development.However,traditional finance,as a functional department relying on the construction of enterprise organization system,has to face problems such as unsmooth transmission of financial information,increased financial management costs,and unsatisfactory quality of financial accounting information.In the face of such contradictions,shared services have provided solutions.As the most widely used and most effective function under the shared service model,financial shared services have already played a role in many enterprises.As the first domestic enterprise to build a financial shared service center,ZTE Corporation has been in a leading position in the domestic financial shared service field since its establishment in 2005.The ZTE Financial Sharing Center is not only a traditional department that handles invoices,accounts,tables,money,and taxes,but also as a collection center,processing center,and transformation center for corporate information.ZTE financial sharing services also provide more accurate and accurate business decision-making.Multiple references and support.This article first defines the shared service model and the related concepts of the financial shared service center,and determines the research object and scope of this article.Secondly,the case study method is used to describe the whole process of ZTE construction of financial shared service in stages,and summarize the development path,development motivation and key success factors of ZTE establishment of financial shared service center.Finally,based on the key points in the construction of the ZTE Financial Shared Service Center,the company summarizes the possible problems that the company may encounter in the form of enlightenment,and gives relevant risk tips and solutions.This article hopes to provide some practical references for companies wishing to build financial shared services through the case analysis of the construction of the ZTE Financial Shared Service Center,so as to help the sustainable development of the company.