The Study On Risk Management Of Financial Shared Service Center

In the ever-changing 21 st century,the perfection of market system,economic progress,combined with the continuous development of the globalization process,all of these factors to some extent,promoted the growth of some group companies,some of the larger group enterprise started growing market segments,to take a series of mergers and acquisitions,expand the scale of enterprise,set up branch offices,to improve enterprise comprehensive strength,in order to gain advantage in the market competition.Taking the financial department as an example,the expansion of the group scale is bound to lead to the relocation of the financial department,which will lead to a series of problems such as the increase of financial cost,the increase of accounting workload,the repetition of accounting information and so on,so that the inefficiency of financial work often occurs."Financial Shared Service" emerges as The Times require.It can solve the above-mentioned problems to a certain extent and greatly improve the efficiency of financial work.However,anything new comes with certain risks.Financial shared service center centralizes a large number of financial accounting services,which may lead to the occurrence of related financial risks.Therefore,if the financial shared service center wants to minimize the probability of risk occurrence in the operation process,it is necessary to establish a relatively perfect risk management system,and ensure the smooth operation of the financial shared service center through risk identification,risk analysis,risk response and other measures,and achieve the overall goal of the group finance.Taking the financial sharing service center of Z Group as an example,this paper analyzes the possible risks in the construction and development of the financial sharing mode of Z Group on the basis of understanding the overall strategic goal of Z Group and the main purpose of establishing the financial sharing mode.With COSO Enterprise Risk Management Integration Framework as the theoretical basis,a risk management system with risk identification,risk analysis and risk response as the main contents was designed for Z Group.First of all,I consulted the literature on financial shared risk management as the theoretical basis,and gained a deeper understanding of Z Group through relevant information review and actual visit.After the accumulation of solid theoretical knowledge,combined with the current situation of the financial sharing service model in Z Group,a preliminary risk analysis was carried out and verified.In the risk identification project with the main goal of ensuring objectivity,the Delphi method is adopted as the main method to identify the risks of Z Group's financial shared service mode,and then the results of risk identification are verified and analyzed by using the questionnaire survey.Finally,based on the current situation and development of Z Group's financial sharing mode,reasonable solutions are proposed,and the future development of the financial sharing service center is summarized and prospected according to the analysis results.In the process of risk analysis and research,this paper chooses the financial shared service mode which is more popular in recent years as the core,and no longer regards the management process as the main analysis object of enterprise risk management.For the research of risk management related scholars,it has certain enlightening.Moreover,as the financial sharing mode becomes more and more popular,the research results of this article also have certain reference value for enterprises that have already established a sharing center or are willing to create their own financial sharing mode.The Group can,according to its own development status,combine the relevant theories and research results of this article,establish its own financial sharing risk management system,and maximize the positive role of financial sharing service center.