Financial Shared Service Research Articles

Research on the Development of Financial Shared Service Center System—Based on Qingdao Haier Group

Research on the Development of Financial Shared Service Center System—Based on Qingdao Haier Group

Evaluation of the Construction of a Data Center-Driven Financial Shared Service Platform From the Remote Multimedia Network Perspective

The financial shared service (FSS) platform under the remote multimedia network perspective is a newly proposed accounting and reporting business management mode in recent years that plays a good role in the operation of enterprises. The multimedia technology in the health cloud biological authentication and data management system can be applied to the construction of the data center-driven FSS platform. This study used multimedia in the data management system to build a data center-driven FSS platform to maintain the normal operation of the enterprise. Moreover, the study analyzed from the perspective of employee satisfaction, work efficiency, enterprise cost, and work continuity and drew a conclusion. The survey of employee satisfaction showed that the satisfaction of employees after modeling had been greatly improved compared with that before modeling. Moreover, according to the survey of work efficiency, the work efficiency of employees in the five enterprises after modeling has been greatly improved compared with that before modeling. Furthermore, in the survey of enterprise cost, the cost reduction effect of postal enterprises is best after using multimedia technology to model the data center-driven FSS platform. Then, according to the survey on work continuity, the work continuity of the five enterprises has been improved to varying degrees after the establishment of the FSS platform. Among them, the work continuity of Enterprise 2 has been improved by 11%, with the best effect. The multimedia modeling in the health cloud biological authentication and data management system plays a role in promoting the development of enterprises.

Game of Advantages and Disadvantages of Intelligent Financial Shared Information Center Service on Enterprise Financial Management

This article studies the pros and cons of the intelligent financial sharing information center for corporate financial management, which can efficiently improve corporate financial management. First of all, the enterprise has a wide range of points, a large number of independent accounting projects, and a large flow of funds. This article focuses on the financial sharing model for corporate financial management. The promotion of the aspect was discussed, and then, after continuous development and improvement, the financial shared service was gradually modelized, combined with the corporate industry background, and formed a relatively advanced modern corporate financial management model-the financial shared service center. The results show that the rise of financial shared service centers in my country has become an inevitable trend. For Chinese enterprises, it is necessary to construct and implement financial shared service centers reasonably and effectively.

Exploring the contextual factors affecting financial shared service implementation and firm performance

PurposeAlthough the financial shared service (FSS) mode has become a well-established organizational arrangement, current information system (IS) research remains limited and mixed. The purpose of this study is to narrow research gaps in the literature on shared services from an FSS practice perspective. The following research questions guide this study: (1) what are the important antecedents of FSS implementation? (2) what is the impact of FSS implementation on firm performance?Design/methodology/approachDrawing on the technology–organization–environment (TOE) framework and previous innovation studies, this study explores the impact of FSS implementation on firm performance. A questionnaire survey was conducted on Chinese firms using partial least squares (PLS) for data analysis.FindingsThe authors find technological, organizational and environmental factors affect the extent and depth of FSS implementation. The empirical results show that relative advantage, compatibility, top management support, managerial obstacles and competitive pressure significantly affect FSS implementation, but bandwagon pressure does not have a direct impact on it. Top management support is the most important factor, and managerial obstacles and compatibility are controllable and manageable factors for firms. The study confirms that FSS improves the financial and non-financial performance of firms significantly, and the degree of improvement in non-financial is greater than that in financial performance.Practical implicationsA comprehension of the key factors influencing FSS implementation will help companies predict weaknesses in their implementation plan and design suitable strategies to handle deployment to achieve these benefits. Managers can make a comprehensive decision regarding the long-term development of combining FSS and the suitability of companies.Originality/valueThe findings contribute to the shared services implementation theory by identifying a set of theoretical factors that shape a firm's shared service implementation. This study provides empirical support to gauge the impact of FSS implementation on firm performance and provides new evidence for a shared-service payoff study. Moreover, the study extends the applicability of the TOE framework and the balanced scorecard (BSC) viewpoint to the FSS implementation field.

The Relationship Between Fss and Enterprise Performance in Chinese Enterprises-based on Data from 2018 to 2021

The digital transformation of finance begins with shared services. The major changes in the information technology environment have subverted the cognition of traditional finance and enterprise management. More enterprises have adopted Financial Shared Services(FSS). The impact on enterprise performance that helps enterprises make decisions on whether to adopt or optimize the Financial Shared Services Center. This paper takes the enterprises listed on Shanghai and Shenzhen Stock Exchange from 2018 to 2021 as the research sample. Then this paper conducts empirical research through hypothesis tests and regression analysis. Research findings: within the scope of this study, there is a transition period in the implementation of FSS, and it is needed that enterprises make reasonable adjustments.The enterprise value and the FSS are significantly positively correlated.This research provides a reference for the enterprises that have implemented FSS in the initial stage or companies to implement this policy.

Has the Establishment of FSSC Reduced Inefficient Corporate Investment? --A Test Based on a Two-way Fixed Effects Model

The digital economy has become increasingly prominent as the pillar of the national economy. Meanwhile Financial Shared Service Centre (FSSC), as an important integrated application of digital technology, has been gradually promoted by listed enterprises in recent years. Investment decisions, as an important part of corporate capital operations and financial management, have a great impact on the development of enterprises. Using panel data of 147 listed companies from 2010 to 2019, this paper empirically investigates the impact of establishing FSSC on inefficient investment through a two-way fixed effects model based on individuals and time. The study finds that: the current FSSC has not significantly reduced the inefficient investment of enterprises. On the one hand, the lack of investment control function of FSSC has not inhibited over-investment; on the other hand, the information-assistance function of FSSC has significantly reduced the under-investment behaviour of enterprises. This paper argues that the further development of the investment controlling function of the FSSC is the goal of future FSSC construction.

Application and Problem Research of Financial Sharing Service Center—Take Haier Group as an Example

With the rapid development of economy and the progress of science and technology, big data, cloud computing, blockchain and other technologies have gone deep into various fields, among which the financial sharing service center is a new model emerging in recent years, and has been developed rapidly. For enterprises, the generation and application of financial sharing service centers are conducive to improving efficiency, reducing operating costs, improving market competitiveness and expanding market share. Therefore, taking Haier Group as an example, this paper is of great significance to analyze the application of the current financial sharing service center and the problems facing, and put forward effective suggestions for the construction of financial sharing service center for enterprises.

Exploration on the Reform of Accounting Practice Curriculum in Higher Vocational Education under the Background of Financial Shared Service Center

Exploration on the Reform of Accounting Practice Curriculum in Higher Vocational Education under the Background of Financial Shared Service Center

Research on the Application of Financial Shared Service System in the Context of Big Data--Take AODE Group as an Example

In the context of big data, the financial sharing service system has gradually come into the sight of managers and started to be used by major enterprises. In this paper, we take AODE Group as an example, firstly, we explain the realization path and implementation effect of its financial sharing model, then we explain the problems of AODE Group's financial sharing model from three perspectives: low positioning of the financial sharing center, insufficient security of the management system, and different focus of business and financial personnel, and propose relevant countermeasures according to the existing problems.

Optimization of Financial Shared Service Center from the Perspective of Low Carbon Economy

Optimization of Financial Shared Service Center from the Perspective of Low Carbon Economy

An Examination of the Impact of Financial Sharing on the Quality of Corporate Accounting Information in the Context of the Financial Shared Service Model

An Examination of the Impact of Financial Sharing on the Quality of Corporate Accounting Information in the Context of the Financial Shared Service Model

高质量发展背景下制造业企业财务共享服务中心优化研究

高质量发展背景下制造业企业财务共享服务中心优化研究

Performance management algorithm of financial shared service center based on Internet of Things public cloud privacy protection.

The Internet of Things (IoT) refers to the use of various communication technologies to achieve the interconnection of everything in cyberspace, and to achieve smart home and intelligent transportation, thus generating unprecedented amounts of data. In the financial sharing center, all businesses can extract effective data from these massive databases for analysis, and use data analysis tools to collect business, financial, human, process, knowledge and social data. At present, various types of IT (Internet Technology) systems have been widely used in financial sharing centers. However, a large number of sensitive data have also been generated. In order to protect these sensitive data, there is a high requirement for the personal information of IT system operation and financial sharing center personnel. In order to protect user data privacy, the optimal and most effective use of IT systems is an important issue that must be considered in privacy management. At present, there are many algorithms to protect data and privacy, but the effect is not ideal. Considering the balance between privacy issues, this paper proposed a K-means clustering algorithm based on IoT public cloud privacy protection technology to analyze the performance management of financial sharing center. The research results showed that before the improvement, the average number of employees who were dissatisfied with the post training ability and information platform construction ability of the financial sharing center was 57.9 and 57.8% respectively, more than half of them. After the improvement of IoT based public cloud privacy protection, the average number of employees dissatisfied with the post training ability and information platform construction ability of the financial sharing center was 5 and 3.9%, far less than the data prior to the improvement. It showed that IoT public cloud privacy protection was conducive to the performance management of the financial sharing center, and the relationship between the two was positive.

Optimization of Financial Shared Service Center from the Perspective of Low Carbon Economy

Optimization of Financial Shared Service Center from the Perspective of Low Carbon Economy

Influence of Financial Shared Services on the Corporate Debt Cost under Digitalization

Information technologies such as big data and artificial intelligence promote the development of the digital economy, accelerate the digital transformation of enterprises, and continuously facilitate the reform of enterprise production, organization, and management. This study takes Chinese A-share listed companies on the Shanghai and Shenzhen stock exchanges as a sample to examine the influence of financial shared services on the corporate debt cost under the digitalization background based on the perspectives of stakeholders such as creditors, shareholders, and society. This study found that financial sharing can reduce the corporate debt cost. The path mechanism test finds that financial sharing reduces the corporate debt cost mainly by improving the quality of corporate accounting information and decreasing financial risk. The result shows that the effect of financial sharing on reducing the corporate debt cost is positively moderated by enterprise digitalization. Further analysis based on the stakeholder perspective shows that the effect of financial shared services on reducing the corporate debt cost is enhanced by the equity balance and social responsibility fulfillment. The findings provide insights and evidence on how to use financial shared services to improve debt management and enhance creditor protection in the digital context.

Study on Impact of Big Data Technology on Corporate Finance and its Application in Financial Sharing

Study on impact of big data technology on corporate finance and its application in financial sharing is the focus of this paper. The digital transformation of financial shared services cannot be independent of the overall digital transformation of the enterprise. The overall digital transformation experience of the enterprise is worthy of reference for the digital transformation of financial shared services. Based on the principle of "bringing in" and "going out", we should be able to actively communicate with other enterprises, share experience, learn from the successful experience of other excellent enterprises, and make the modern enterprise's financial risk early warning mechanism. This paper gives the new discussions on the mentioned ideas and propose the solutions.

Design and research of financial intelligent cooperation system under financial sharing mode

Financial Shared services as one of the most common intelligent era enterprise group financial management and enterprise management form, the earliest scattered in various areas and individual entities in the accounting business, on the one hand to keep accounts and the consistency of the report, on the other hand can effectively reduce the system cost, therefore belongs to the enterprise to improve efficiency and reduce the capital of the important management means. Under the development trend of modern enterprise intelligence, establish and promote the financial sharing service mode, start to guide the financial to share the form of transformation, so as to build a new financial management mode. On the basis of understanding the development trend of enterprise financial intelligence, according to the construction significance of financial sharing mode, this paper deeply discusses how to build the application of intelligent financial cooperation system, and puts forward the corresponding intelligent management measures, so as to create a high-quality operating environment for enterprise financial management.

Research on the Selection and Application of Financial Sharing Service Mode of Enterprise Group

Research on the Selection and Application of Financial Sharing Service Mode of Enterprise Group

Research and Application of Business Law Information Management System Based on Big Data

China’s manufacturing industry has set off a wave of digital transformation innovation, and the commercial law information management system, as one of the important tools to enhance the intelligent management ability of enterprises, will also face a new round of reform and upgrade. Building an “intelligent commercial law information management system platform” is the primary transformation path for traditional manufacturing enterprises to realize intelligent upgrading of commercial law information management system. The “intelligent commercial law information management system platform” is a management information sharing service platform that enables enterprises to achieve the goal of collaborative management by integrating their own business models and product technology needs with the help of emerging digital technologies, which can help enterprises realize the organic integration of business processes, risk management, value creation, and other management needs and change the original. The platform can help enterprises realize the organic integration of business processes, risk management, value creation, and other management needs and change the focus of the traditional financial shared service center, so that the enterprise business law information management system can be shifted to the enterprise strategy-oriented, focusing on risk control, decision support, and other high-level management. Therefore, it is particularly important to evaluate and optimize the “intelligent business law information management system platform” of manufacturing enterprises in the process of digital transformation. In this context, this paper conducts research and application of commercial law information management system based on big data, conducts an in-depth study on the current status of commercial law information management system in China, and provides an outlook on commercial law information management in China by establishing a relevant model system.

Financial Shared Services Empower the Real Economy: The Evidence from China

As a product of digital technology, financial shared services can be deeply integrated into enterprise operation and management, which is significant to accelerate the financial transformation of real enterprises and achieve high-quality development. Based on this, this paper examines whether and how financial shared services empower the real economy, using data from listed companies in China from 2008 to 2017 as a sample. The research results show that financial shared services can significantly improve enterprise value and thus empower the real economy, and the optimization of operational efficiency is an important path for financial shared services to empower the real economy. Further research finds that the empowering effect of financial shared services on the real economy mainly exists in enterprises with many subsidiaries, large scale, and high labor intensity. This paper not only bridges the gap between financial shared services and micro-enterprise related research but also provides references and lessons for how to implement financial shared services in the real economy.