Research On The Optimization Of Integration Of Business And Finance Based On Financial Sharing Model In L Group Corporation

As a new type of financial management model,financial sharing is increasingly used in large and medium-sized enterprises in China.Through organizational reform,business process reengineering,concept updating,and information system optimization and reengineering,financial sharing can gather financial work scattered in various business lines with high repeatability,easy processize,and standardization into a financial sharing center for centralized processing so as to achieve management purposes such as cost reduction and efficiency improvement,management quality improvement and risk control.By removing departmental barriers and enhancing departmental communication,the integration of business and finance refers to the thorough integration of enterprises’ business and financial activities.The essence of business-finance integration is enhancing enterprise value creation through management activities.Financial sharing lays a solid foundation for deepening business and financial integration,while business-finance integration is a crucial strategy for advancing and enhancing corporate financial sharing.Financial sharing and business-finance integration promote each other and develop synergistically.They have become two indispensable parts of enterprise value creation.L Group is a large diversified state-owned group corporation.The rapidly changing market environment and the financial internal control requirements of a large group corporation make the contradiction between the flexibility of front-end business and the stability and orderliness of back-end finance increasingly prominent.In this regard,it is imperative to build a financial sharing platform at the group corporation level and continuously optimize the integration of business and finance based on financial sharing.This thesis first reviews the existing literature on financial sharing,integration of business and finance,as well as the intersection of the two fields.It combines business process reengineering theory,organizational change theory,and strategic synergy theory to carry out a theoretical analysis of the optimization of business and finance under the financial sharing model.The realization path is summarized,along with the main components of the integration of business and finance and the requirements for optimizing business-finance integration under the financial sharing model.Secondly,L Group Corporation is selected as the research object to introduce its work on the construction of financial sharing and deepening the integration of business and finance to analyze its problems according to the five requirements summarized in the previous chapter.Then,combined with the theoretical tools,suggestions are made to optimize the integration of business and finance of L Group under the financial sharing model.Finally,the expected effects are analyzed and illustrated.The conclusions of this thesis are as follows: First,optimizing the integration of business and finance in the financial sharing model requires reformation in organizational structure,opening up information system functions,and optimizing business and financial processes,as well as support from management and simultaneous improvement of personnel quality.Second,the construction and improvement of the financial sharing center and the continuous optimization of business-finance integration are mutually complementary and develop together.Third,by optimizing business-finance integration under the financial sharing model,the enterprises can be promoted to be transformed from financial accounting to management accounting,and their quality of financial information and risk control ability can also be enhanced.The expected contributions of this thesis are as follows: First,it aims to enrich the research in the intersection of financial sharing and business-finance integration.Second,it is expected to provide measures and suggestions for L Group to solve the current problems of business-finance integration,and to provide some reference and inspiration to other group companies in similar situations.Third,this thesis aims to discuss the relationship between business and finance departments from the strategic synergy perspective and expand the application of strategic synergy theory.