Risk Management Under The Mode Of Financial Shared Service

The development of the times has promoted the transformation of information technology,which impacted accounting profession has to adjusted itself pertinently.Some enterprises have created Financial Shared Service Centers by themselves to integrate business and reduce operating costs.While Financial Shared Service brings convenience to enterprises,there still exist risks and uncertainties.Chinese enterprises’ FSSC is in the growth stage,therefore,its risks cannot be ignored.If the enterprise cannot effectively carry out risk management,it will increase implementation difficulty of financial reform and reduce the effect.H Group is representative in the industry.In order to achieve cost reduction,efficiency improvement and accelerate the transformation of traditional financial management mode,H Group became one of the earliest domestic enterprises to implement Financial Shared Service mode,which gradually formed its own characteristics in the process of developing this mode.This paper selects H Group as the research object,after sorting out the relevant documents on financial shared and risk management,this paper puts forward the risks of financial shared services of H Group.Focuses on the analysis and identification of risk points,this paper analyzes the risk management of financial shared services of H Group,and puts forward risk prevention and management measures.It is mainly described from the following five aspects: Firstly,it introduces the research background and significance,integrates and combs the existing achievements of the research on financial shared services and risk management at home and abroad.Secondly,points out the relevant concepts and theoretical basis.Thirdly,takes H Group as an example to launch an overview of its own situation and the implementation effect of financial sharing.Fourthly,this paper identifies and analyzes the organizational management risk,business process risk,information system risk and performance appraisal risk existing in the FSSC of H Group.Finally,the corresponding risk management measures are proposed,which should not only optimize the organizational structure,pay attention to the training of talents,but also improve the standardization of business services,reasonable planning of business processes,realize the integration of information system construction and adjust the performance appraisal mechanism.The establishment of the perfect risk management system,in view of the possible risks in the FSSC to effectively identify,timely control and solve the identified risks,to provide a benign environmental support for financial shared service,which could maximize its advantages and promote the construction,optimization and upgrading of Chinese Financial Shared Services in enterprises.