Abstract
With the development of economic globalization, companies continue to expand through mergers, and problems such as low operating efficiency and increased management costs have begun to emerge. Traditional financial management models have been difficult to adapt to the development of enterprises. Therefore, in order to operate branches more efficiently and improve operational efficiency, enterprises have begun to vigorously develop financial shared service models. This article analyzes the impact of Haier Smart Home after the implementation of the financial shared service model, and explains the necessity of implementing the financial shared service model, hoping to attract more large enterprise groups to build a financial shared service model.
Highlights
With the enterprises going out actively, the scale of enterprises is expanding, leading to longer and longer management chains of enterprises, and problems such as low operating efficiency, waste of resources, and increased management costs have gradually emerged
Through the compilation of the financial reports of Haier Smart Home from 2006 to 2018, the effective financial data of the twelve years has been selected to explore the implementation of the financial sharing service model of Haier Smart Home
From 2006 to 2009, the two set ratios have been showing an upward trend, indicating that the implementation of the financial shared service model has improved the work of the enterprise effectiveness
Summary
With the enterprises going out actively, the scale of enterprises is expanding, leading to longer and longer management chains of enterprises, and problems such as low operating efficiency, waste of resources, and increased management costs have gradually emerged. In order to change this status quo, enterprises have begun to vigorously develop financial shared service models. Foreign scholar Fritze AK [1] (2015) pointed out that the financial shared service model, as a new type of financial management model, has a significant impact on controlling corporate costs, improving corporate service quality and work efficiency. Domestic scholar Zhang Yanhui [4] (2019) elaborated on the changes that companies have made after implementing the financial shared service model, including improving capital efficiency, providing data support for tax planning, and realizing financial value creation. Foreign scholars have formed a relatively complete theoretical system for the study of the financial shared service model. Due to the late start of domestic scholars, the research on the financial shared service model is not deep enough compared with foreign research. Research on the application of the financial sharing service model in enterprises is carried out, and there is little research on the impact and change of enterprises after the implementation of the financial sharing model
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
