Research On ZTE’s Working Capital Management Performance From The Perspective Of Financial Sharing

With the rapid development of "Internet +" technology,more and more companies agree that financial sharing improves the efficiency of working capital management on the basis of optimizing the process,but most of them are still in the initial stage,so in-depth research on the impact of financial sharing on working capital Specific approaches to managing performance can point the way for companies seeking to implement financial sharing to improve working capital management efficiency,while helping to enrich research on working capital management performance.Based on the theoretical basis of process reengineering,group financial control and channel management,this paper takes ZTE as the case study object,selects the relevant financial data from 2005 to2020 as a sample,and calculates and organizes each channel based on the working capital management performance evaluation system of the channel.The index is compared with the industry average,and the effect of financial sharing on working capital management performance is obtained.Then,from the three channels of procurement,production and marketing,it deeply analyzes the specific mechanism of how financial sharing affects the performance of working capital management.Finally,the conclusions and research implications of this paper are summarized.After analysis,it is found that ZTE’s financial sharing can effectively improve the performance of working capital management,and has the most obvious positive effect on production channels.The specific impact mechanism includes: as far as the procurement channel is concerned,financial sharing mainly improves the working capital management level of the channel through electronic images,procurement sharing-intelligent coping cloud,and supplier collaboration;as far as production channels are concerned,financial sharing mainly through the platform integration of network financial system model,online billing and electronic files,and re-engineering of production processes,we can strengthen the utilization of production channel funds,so as to improve;in terms of marketing channels,financial sharing is mainly through LTC full business.Process,"Three Rings" management system and revenue audit three ways to improve the working capital management effect of this channel.Finally,the following inspirations are drawn:(1)capable enterprises recommend implementing financial sharing to improve working capital management performance;(2)the implementation process of financial sharing to improve working capital management efficiency should be combined with enterprise characteristics;(3)financial sharing optimizes working capital The implementation process of management performance should strengthen the integration and collaboration of various channels;(4)the implementation process of financial sharing to enhance operational management efficiency should pay attention to the construction of information systems;(5)the implementation process of financial sharing to enhance working capital management performance should implement enterprise personnel training.