Research On Business-finance Integration Under ZTE's Financial Sharing Mode

With the acceleration of economic development in the current era,enterprises need to make continuous progress to follow the pace of the development of The Times.The constant change of scientific and technological means provides strong technical support for the development of enterprises.The emergence of financial sharing center has become an important means for many multinational groups and large enterprises to change the financial mode and deepen the reform.After several decades of development,the financial sharing center model has been gradually mature,and managers began to explore the next step,they tried to create a new financial model by combining the financial sharing model with the integration of industry and finance.Zte,as a comprehensive communication information solution provider and a large communication equipment sales company,has more branches and overseas branches.This kind of enterprise is characterized by many financial problems that need to be solved,such as inconsistent international business accounting caliber,poor financial information transmission efficiency,business information and financial information separation and so on.The original financial model for ZTE has been unable to meet the requirements of its development and business expansion,the company urgently needs to change the original financial model and seek a new financial model suitable for the enterprise.Therefore,ZTE began to build a financial sharing platform in 2005 to promote financial transformation.However,after the completion of the financial sharing platform,it was found that there were still many problems that needed to be solved.Therefore,the enterprise began to enter the industry financial integration,and finally formed the financial management mode of industry financial integration under the financial sharing mode of ZTE.The integration of industry and finance under the mode of financial sharing center can optimize and rebuild the business and financial process scattered in each branch and project department of the company,so that the group headquarters can realize the centralized and standardized management of the company.This paper selects ZTE as the research object and takes it as a typical case for in-depth analysis.Based on business process domineering theory,economies of scale theory and value domineering theory,this paper analyzes the relevant contents of the integration of industry and finance under the mode of financial sharing.This paper first explains the meaning and characteristics of financial sharing,industry and finance integration and the combination of the two,and then introduces the process of building a financial sharing platform and the process of industry and finance integration of the selected enterprise ZTE in the case,and then carries out relevant performance analysis according to the relevant data and indicators in the financial statements,and then makes an objective evaluation and analysis of the implementation effect achieved.Finally,some relevant suggestions are given according to the specific problems and analysis results.