Research on Financial Shared Service Mode Application for Enterprise Group from the Practice of Chongqing Branch of CCC First Highway Engineering Group

Abstract

Companies' need to stay competitive has led to a constant search for efficiencies and cost reductions. How to deal with the huge financial data is related to the further development of enterprises. As a new type of financial management model, the financial shared service model (FSSM), can effectively reduce the operating cost of the enterprise group, and greatly improve the operating efficiency and enhance the control ability of the enterprise. Taking Chongqing Branch of CCC First Highway Engineering Group (CQ-CCC) as an example, firstly, this paper compares FSSM and traditional financial management mode, the former meets the higher requirements of continuous exploration and innovative of enterprise groups. Secondly, this paper puts forward the problems faced by the CQ-CCC under the traditional financial management model, and gives the changes in the number of financial staff under the FSSM. Finally, this paper proposes some constructive suggestions on how to better improve a corporation's operating FSSM application level.