Research On Working Capital Management Efficiency Of Shenhua Sales Group Under The Mode Of Financial Sharing

In the enterprise’s financial management work,the working capital management is its important constituent,reduces the management risk,enhances the management efficiency,realizes the management goal vital,good cash flow can guarantee the normal operation and development of the enterprise.In recent years,with the in-depth application of information technology in business management,financial sharing model has been implemented and applied by many enterprises,providing an integrated platform for working capital management,at the same time,it also puts forward new challenges to further improve the efficiency of working capital management.Therefore,working capital management has once again become one of the key contents of management control for domestic and foreign group enterprises.Since Shenhua sales group committed to the construction and implementation of financial sharing center in 2015,the efficiency of working capital management has improved in terms of the scale of working capital and turnover efficiency,but has not been significantly improved,at the same time,it has seriously hindered the promotion and application of the financial sharing model in the whole group.Based on this reality,this paper based on the financial sharing perspective,working capital management model as the main research point,to improve working capital management efficiency to provide solutions.In this paper,Shenhua Sales Group as the analysis object,the use of case analysis,interviews,qualitative analysis and other research methods,focusing on the case of corporate financial sharing mode working capital management.First of all,through sorting out the general situation of the development of Shenhua sales group’s financial sharing model,the efficiency of working capital management is analyzed from the perspective of working capital structure and elements,it is found that the financial sharing model has little effect on the improvement of the working capital management efficiency of Shenhua sales group,and the turnover rate of accounts receivable and inventory has no obvious advantage over those of the same industry,to clarify the main problems of working capital management in Shenhua sales group,such as the imperfect management of working capital elements,the imperfect information construction,and the increase of processing time in the process,and finally,to propose solutions from three aspects,they are optimizing the working capital management business audit process,strengthening the financial management of the internal working mechanism of capacity-building,the establishment of working capital management to enhance the effectiveness of performance evaluation system.Through the analysis,it can provide a strong guarantee for enterprises to improve the efficiency of working capital management,promote the effective integration of financial sharing model and working capital management,and finally improve the quality of financial indicators of Shenhua Sales Group.At the same time,the analysis of working capital management of Shenhua sales group can also provide reference for other sales-oriented enterprises.