A Case Study On Haier Group Financial Shared Services

With the continuous and stable development of China’s economy,some multinational and cross-regional enterprise groups have emerged and grown rapidly to enter the international market.In such an environment,many enterprise groups are growing rapidly in scale,increasing their market share and profits.However,the groups are beginning to face the outstanding problems of increasingly complex organization and management systems,high financial management costs,inconvenient information communication,and low business efficiency.Therefore,many enterprises have implemented financial shared services to realize the financial transformation of enterprises.Financial shared service is a kind of reform oriented to enterprise financial management,which concentrates the scattered financial work on an independent service platform,solving the problems of inefficient financial processing and irregular information,while effectively improving operational efficiency.At the same time,the integration of cloud computing technology and shared business has strengthened and expanded the basic functions of the financial sharing center,such as simple accounting and account processing,and also provided more valuable services,such as strategic planning and auxiliary decision-making,enhancing the company’s market competitiveness and making the role of the financial sharing center in the company increasingly prominent.This thesis uses a combination of literature research and case studies to study the process of financial transformation by developing financial shared services in Haier Group.Based on the review of related literature and the collection of relevant information,the concepts of financial shared services and financial shared center are defined.Then,based on the case study,we analyzed the motivation of Haier’s financial shared services,analyzed the specific situation of Haier’s financial shared services in terms of employee management,organizational structure,business process,information system platform,and management tools,and explored the effect of its financial shared services implementation.On this basis,the main problems that may exist at present are proposed,including the lack of information system integration capability,the need to improve the efficiency of financial shared services,and the existence of certain security risks in the cloud platform.Based on the experience of the case company,it first provides some inspirations to other enterprises,and then analyzes and gives corresponding optimization solutions for the problems of the case company one by one.The problem of insufficient integration capability is solved by continuously improving the information system;the problem of inefficient financial shared services is solved by scientific planning of business processes;and the problem of security risks is solved by optimizing the financial cloud platform,which provides reference and reference for other industries and companies to develop financial shared services.