Research On Working Capital Management Efficiency Of Sichuan Changhong Based On Financial Sharing

With the deepening of economic integration,the market in the increasingly fierce competition between enterprises,do a good job in financial management of the enterprise put forward the new requirements,make enterprise attaches great importance to the management of innovation,optimize the internal organizational structure,in the enterprise for the financial management,management of working capital for enterprise daily control is one of the most important,Because working capital is the life source of enterprise operation,it is related to the enterprise’s financial risk,profitability and value creation.With the continuous development of information technology,financial sharing based on technology also begins to appear in the sight of enterprises.The introduction and implementation of financial sharing is of great significance to the financial transformation of enterprises.Relying on the construction of financial sharing service center based on information platform,The basic financial work and upstream and downstream information distributed in each branch and subsidiary are reorganized on the business process,and the division of labor is reorganized through professional analysis,so as to better carry out financial management,and centralized management of capital,so as to strengthen the enterprise working capital management level.In the past,the research on financial sharing mode mainly focused on the basic theory and the benefits brought to enterprises after implementation,while the research on working capital mainly focused on the definition of basic concepts and evaluation of management efficiency,and few studies combined the two.The manufacturing industry is characterized by a wide range of business,large amount of capital and full-link capital management,which makes working capital management more important for large-scale manufacturing enterprises.Therefore,this paper takes Sichuan Changhong,a relatively mature manufacturing enterprise that has implemented the construction of financial sharing service center,as an example,using literature research method and case analysis method.This paper analyzes and studies the process of sichuan Changhong to establish financial sharing,the help to working capital management at each stage and the change of management efficiency,and provides reference for other manufacturing enterprises to strengthen working capital management.Through the evaluation and analysis of management efficiency according to channels and elements,it is found that after the establishment of financial sharing,due to the former business process reengineering,centralized management and control of funds and the construction of information platform,the working capital management of enterprises provides help and management efficiency is improved.Their initial for process optimization in construction,improve the efficiency of management,in the development stage due will be included in the enterprise scope,management efficiency improvement is not big,but is in a state of relatively strong and stable,and in the mature period,due to the business process of skilled,and continuous improvement of process optimization,management shows a tendency of increasing efficiency.In the analysis also found that there are some problems,and put forward optimization suggestions to help enterprises better working capital management.