Shared Service Center Research Articles

Liquor Enterprise’s Exploration of Industry-Financial Integration based on Financial Shared Service Center

In recent years, China's liquor industry has developed rapidly, but the internal financial management model of enterprises has rarely been improved. The relatively backward management model must not keep up with the needs of enterprise financial scale expansion. Based on this current situation, this article takes the perspective of the industry finance that China is advancing. Taking integration as the focus and liquor enterprises as the target, this paper discusses the development possibilities of the financial management model of Chinese liquor enterprises.

More than Making Copies: Survey Evidence on the Work of Novice Auditors

SUMMARY The auditing landscape has changed dramatically in the last 20 years due to new standards, improved technology, internal shared services centers, and more. These institutional advances have altered the responsibilities of novice auditors. However, our knowledge of novice auditor task responsibilities and experiences has not been systematically updated in the 21st century. This study provides empirical evidence on the tasks and experiences of novice auditors by reporting survey responses from 104 audit interns, more than 30 intern supervisors, and 89 staff auditors. Our results shed light on the evolution of the roles of novice auditors by documenting the significant number and variety of tasks that they perform, as well as the interpersonal interactions, formal training, and other activities they commonly experience. Data Availbility: Please contact the authors.

Problems and Countermeasures of Enterprise Financial Sharing in the Context of Big Data

Abstract In this paper, a dynamic evaluation model of the functional requirements of enterprise finance centers is first established. Then a technology and business evolution monitoring model is constructed based on the Markov chain. According to the model of the technology-business evolution chain, the functional demand dynamic evaluation indexes are summarized, and the indexes are reduced by a rough set algorithm to improve the functional demand dynamic evaluation effect. Establish the functional demand dynamic evaluation method. A new decision tree algorithm is used to confirm the branches of the evaluation so as to decompose the evaluation system, realize the grounding of indicators, and provide auxiliary information for the enterprise’s financial sharing function optimization decision. Since the establishment of the financial shared service center of Enterprise S in 2014, its sustainable growth rate has decreased by 18.89% from 2014 to 2016. However, from the beginning of 2017 to 2019, the rise is as high as 20%. Thus, the establishment of the financial shared service center has improved the sustainable growth of the enterprise.

RETRACTED ARTICLE: Financial Shared Service, Digital Transformation and Corporate Value Creation

The trend of Chinese enterprises has defied the hard-hit international investment and trade activities of recent years. The scale and globalization of local enterprises continue to develop, and the enterprise management efficiency has become increasingly prominent. This paper delves into the strategic importance of FSSC in augmenting corporate value, and examines the link between digital transformation and the formation of FSSC. The introduction of FSSC and its accompanying digital technology marks a new juncture for corporate reform. Based on RBV and DCV, this paper studies the strategic significance of FSSC to enhance corporate value, and deconstructs the relationship between digital transformation and the development process of financial shared service centers. Based on the time-varying DID, 335 listed companies were selected for a quasi-natural experiment. The results showed that: (1) financial shared service centers can significantly promote the improvement of corporate value. (2) Digital transformation can promote the establishment and development of financial sharing service centers, thus promoting the improvement of corporate value. (3) The effects of FSSC and digital transformation are characterized by heterogeneity. The worth of financial shared service centers for non-state-owned and manufacturing companies is substantial. Digital transformation has a noteworthy positive moderating effect on them but has no considerable moderating effect on state-owned and non-manufacturing companies. The government ought to bolster policy direction, keep up the digital transformation of businesses, and aid them in achieving rapid financial transformation; senior executives should remain cognizant of their strategic position and strive to execute a satisfactory job of both internal and external coordination, as the research findings suggest.

Accountants robots in shared service centers: effects of the culture for innovation, work engagement and performance measurement system

PurposeThis study aims to examine the effects of the culture for innovation, work engagement and the use of interactive performance measurement systems (PMSs) in the interorganizational accounting processes automation at a shared services center (SSC).Design/methodology/approachA single-entity survey was carried out at an SSC provider of B2B accounting services of a multinational company in the electrical sector, and structural equation modeling was applied for data analysis.FindingsThe results show that the culture for innovation, the work engagement and the use of interactive PMS positively and significantly influence the accounting process automation in the investigated SSC. Moreover, the use of interactive PMS presents a mediating effect on the relationship between culture for innovation and work engagement.Research limitations/implicationsThe research findings contribute by revealing that the culture of innovation, work engagement and the interactive PMS support the use of robotic process automation and artificial intelligence in the interorganizational automation of accounting processes in an SSC-type service ecosystem. This highlights the importance of the culture of innovation and the positive feeling toward work being reinforced by the organization and the role of the interactive PMS as a formal instrument to transmit the organizational objectives and provide a common vision.Originality/valueThe study reveals that the use of interactive PMS seems to be an important conductor of the behavior of employees toward the accounting process automation strategy at the SSC, reinforced, in this case, by the culture of innovation and work engagement.

Association between weather and hip fracture in adults: a nationwide study in China 198 cities.

Hip fractures represent a significant public health issue due to high incidence in aging society. Evidence of the short-term effects of weather on the risk of hip fracture is limited and inconsistent. We aimed to examine the associations between weather conditions and daily hospital admissions for hip fracture in adults in China. A national time-series analysis between 2014 and 2017 was conducted. Data on daily hospital admissions for hip fracture were obtained from the database of Urban Employee Basic Medical Insurance (UEBMI) and Urban Resident Basic Medical Insurance (URBMI). Weather conditions were acquired from the China Meteorological Data Sharing Service Center. Based on a time-stratified case-crossover design, conditional Poisson regression was used to estimate the impact on relative risk (RR) of weather conditions on hospital admissions for hip fracture. During the study period, a total of 137,504 hospital admissions for hip fractures were identified. All analyzed weather conditions showed consistent significant associations at lag 0 day for each 10 mm increase in precipitation, 10 m/s in wind speed, and 10°C in temperature, with the RR value being 1.079 (95% CI, 1.074-1.083) for precipitation, 1.404 (95% CI, 1.346-1.465) for wind speed, and 1.558 (95% CI, 1.546-1.570) for temperature. Women were more vulnerable to be affected by precipitation and temperature. In conclusion, increased risk for hip fractures in adults is associated with weather conditions. The improved understanding of the relationship between weather conditions and hip fractures hospital admission can be useful for resource allocation and provider preparedness.

Practice and Improvement of Su Ning’s Financial Shared Service Center under the Background of Informatization

In the face of the unpredictable market environment, large enterprises continue to expand to maintain their competitive advantage. While the scale and profit of enterprises increase, problems such as management costs and financial risks appear. As an efficient new operation mode, financial shared service center can effectively solve the problems of low financial efficiency and difficult supervision of large enterprises. However, there are few examples of building financial shared service centers in Chinese enterprises, and many shortcomings are also exposed in the daily operation process. Taking Su Ning as an example, this paper deeply analyzes the construction, operation and achievements of its financial shared service center, and puts forward optimization and upgrading measures for the problems.

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

How hard can it be? A qualitative study following an HRT implementation in a global industrial corporate group

PurposeThe purpose of this paper is to critically study the implementation and contextualization of the human resource transformation (HRT) management model within the human resources (HR) function of a global industrial company group.Design/methodology/approachA qualitative case study that includes two data collections.FindingsImplementation of the HRT model led to tensions and conflicting interpretations of the mission of the HR function, and a “tug of war” about the distribution of work both within HR and between HR and line management. Splitting the HR function into three legs made the HR function's learning cycles more difficult. The corporate group had a decentralized and diverse business culture, and contextualization of the HRT model to this setting highlighted the model's embeddedness in the American business culture of centralization and standardization. Implementation of the model also entailed a transition from an employee to an employer perspective within HR.Research limitations/implicationsFor an assessment of HR's total work other parts of the HRT model (Ulrich and Brockbank, 2005) need to be involved since HR professionals in the insourced or outsourced shared service center (SSC) and Center of Expertise (CoE) and the e-HR tools are equally important for executing the total HR's mission. Further studies of the problematic human resource business partner (HRBP) role are needed and also what the development of e-HR solutions means for the HR profession.Practical implicationsThe authors argue for a continuous development of HR work, along with closer professional contact both with line managers (LMs) and within the HR function, for improved learning cycles and a need for contextualization when implementing management models.Social implicationsThe paper discusses the HRT model's impact on HR practitioners’ and LMs’ work practice.Originality/valueThis article shows the need for contextualization when implementing management models. The lack of such contextualization led to severe tensions, and the intentions of an efficient and respected HR function were not achieved. The study contributes an evaluation of the tensions between HRT as a normative and standardized model in business settings accustomed to variety and decentralized decision-making.

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.

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.

Strategic balancing of exploitation and exploration in a shared service center: a research study on process-project organization relationship

Strategic balancing of exploitation and exploration in a shared service center: a research study on process-project organization relationship

Mercury content in tree plants in the industrial area of Cherepovets, Russia

The aboveground organs of plants are natural bioindicators of atmospheric precipitation, and their study makes it possible to assess the state of the geochemical background of a number of elements, including mercury. Mercury is a highly toxic element for all living organisms. The mercury content was determined on the RA-915M mercury analyzer with PIRO attachment of the Regional shared services center of Cherepovets State University. The data on the content of mercury in the leaves of different types of woody and shrubby plants of the industrial area of Cherepovets are presented. The mercury content in the leaves of the studied plant species varied from 0.40 ng/g to 34.90 ng/g. It was noted that non-deciduous trees have the lowest levels of mercury in leaves – 9.80±1.01 ng/g, shrub forms have intermediate values – 12.47±0.92 ng/g and deciduous trees the highest concentrations –16 .95±0.56 ng/g. The results obtained can be used for scientifically-based regulation of the phytotechnology system of urbanized area and for more efficient landscaping.

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

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

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

Tax governance, practices and technologies: examples of shared services in Brazil

The objective of this research is to discuss tax governance, best practices and technologies applied in the shared services model, discussing the integration of the areas of Governance, Controllership and Taxation, including the relationship between employees and employers in the social security dimension, and how they relate to each other. Check the strategies to meet the demands of the company, market or capital, government and other stakeholders, considering examples of Brazilian companies. This theoretical-practical discussion intends to reinforce the complexity and aspects of governance models in shared service centers in the areas of Governance, Controllership and Taxation, including the relationship between employees and employers in the social security dimension. To this end, theoretical contributions were made on the research topics, divided into subsections, with Brazilian examples from the Global Tax Project of the Vale Group, the Financial Operations Center of Petrobras and the Tributary Revision of the Makro Group, expanding the discussion and connecting elements addressed by the organizations and literature revisited. Interviews with key leaders from the control areas of the companies presented contributed to the understanding of the scenario, as well as the difficulties encountered and actions taken to reduce costs and risks, as well as comply with all legal requirements. Service sharing brings together people, processes and technologies from global trends and increases value delivery for leading companies. Innovation is present in governmental control and inspection mechanisms and also in companies' review, analysis and auditing activities. Emerging technologies are a reality to support compliance with tax obligations perceived in the survey as corporate social responsibility. The scientific contribution lies in reinforcing the challenge of tax management in Brazil, improving the perception of the phenomenon of sharing services, based on transactional processes, expanding the relationship between what is discussed in academia and what happens in the economy.

Shaping the Future of Shared Services Centers: Insights from a Delphi Study About SSC Transformation Towards 2030

In recent years, shared services centers (SSCs) have been central to organizational transformation strategies of many large firms and governments to reduce costs, improve service quality, and innovate services. SSCs are undergoing significant transformations due to the advancement of technologies. To better understand the technologies’ impact on SSCs in 2030, a Delphi panel with over 30 experts, executives, and researchers was conducted in the first half of 2020. Panelists pointed out six recent technologies potentially impacting SSCs by 2030: AI/ML, internet/package-based automation, BPMS/RPA, business analytics, blockchain, and cloud computing. The experts expect that these technologies will cause a transformation in the SSC business model and disruptive changes in SSC employees’ and managers’ profiles. Managers cannot merely continue their regular efforts and should refocus from automating repetitive functions towards intensifying the use of technology in value-adding services. The outcomes should help public and private sector managers to be ahead of change and prepare their organizations for the future of SSCs.