Research On Optimization Of China Railway Construction Financial Sharing Center Under The Background Of Cloud Computing

In recent years,with the fast-paced development of the times and the widespread use of many new technologies such as big data,cloud computing,mobile Internet,and artificial intelligence,companies are guided to strive for more growth,so they need to expand their business and set up branches around the world to gain more market share.The branches are becoming more and more scattered in terms of location as there are fewer financial data links between branches.This leads to an increasing demand for financial work,as well as an increasing demand for financial records to avoid information silos.As a result,traditional finance is under pressure to transform and change,and the first step in the transformation is to create an application finance sharing center.In recent years,encouraged by government policies,Chinese companies have commonly introduced financial sharing centers.This approach has changed the traditional way of finance,saving money,improving efficiency,reducing costs,and providing some control over risk.According to statistics,more than half of the world’s top 500 companies have implemented the financial sharing model so far.As the first company in China’s construction industry to implement the financial sharing model,China Railway Construction has nearly ten years of experience since the pilot project began in 2013,and its financial sharing model has become more mature.Therefore,by studying the case study of China Railway Construction’s financial sharing model,it can provide lessons for many companies in the construction industry that have not yet implemented the financial sharing model.Taking China Railway Construction Group as an example,this paper discusses the optimization of the financial shared center in the context of cloud computing.Combining domestic and international theories on the implementation of cloud computing technology in the financial center shared service center,it first describes in detail the current situation of the financial center shared service center of China Railway Construction Group in terms of sharing model,organizational structure,functional structure,business process and system architecture.It then compares the data before and after the establishment of the financial shared center and analyzes its impact on the group’s operations.It will also analyze the effectiveness of the cloud computing technology currently implemented in the group in reducing operating costs,improving business processing efficiency,strengthening internal control and enhancing capital management,and further examine the challenges in business processes,talent management,information system security and basic functions that exist in the implementation of the new technology in the group’s financial shared center or potential challenges.Based on the background of cloud computing,these issues will be analyzed in depth and detailed optimization suggestions will be made for specific problems.It is hoped that the case of China Railway Construction Group can be used as an example to provide some suggestions and guidance for other enterprises to better apply cloud computing technology in their financial sharing centers,improve the data management level of the total financial sharing center,and enhance the overall competitiveness of enterprises in the group.