Abstract
This paper starts from elaborating the importance of Financial Shared Services, and then analyzes financial management-related risks faced by enterprises in establishing financial sharing centers. Also, it puts forward the advice of improving Financial Shared Services in application. This paper aims to improve enterprise’s effectiveness and efficiency of financial management work during and after the establishment of Finance Shared Service Center (FSSC).
Highlights
Corporation thinking, decision-making and corporate culture transcend national boundaries along with the globalization of enterprises and the increasing number of transnational corporations
This paper starts from elaborating the importance of Financial Shared Services, and analyzes financial management-related risks faced by enterprises in establishing financial sharing centers
This paper aims to improve enterprise’s effectiveness and efficiency of financial management work during and after the establishment of Finance Shared Service Center (FSSC)
Summary
Corporation thinking, decision-making and corporate culture transcend national boundaries along with the globalization of enterprises and the increasing number of transnational corporations. In order to maintain the competitiveness of enterprises, to improve the efficiency of operation, enterprises and other organizations strive to be condense and flat. Financial Shared Service, as a Shared Service in the financial area of an application, adapted to the today’s conditions, effectively reduces the enterprise financial cost, and greatly improves the processing efficiency of the en-. When building the FSSC, enterprises may face some problems in financial management, which may affect the accounting efficiency, even cause the waste of enterprise resources, and have an adverse impact on maximizing shareholders’ equity.
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