With the rapid development of information technology, financial structures, operating strategies and processes are changing due to the emergence of innovative business models. Emerging technologies such as big data, cloud computing, artificial intelligence, and robotic process automation (RPA) are being applied in the financial and financial fields to optimize financial management processes and improve operational efficiency. As a systematic management solution, financial sharing reengineers organizations, processes, systems, personnel, and ideas. It is the cornerstone of innovative technology applications and the construction of forward-looking financial systems, and plays an important role in the digital transformation of large-scale enterprise finance. .
It is a general trend for large enterprise groups to establish financial sharing centers and optimize group financial management. However, many people do not actually understand what financial sharing is specifically shared and what it does. This article uses the leading practices of financial sharing in multiple industries to deeply analyze the innovation of financial sharing. value.
HXLH
A leading manufacturer in the domestic wire and cable industry
The branch companies/offices of the group are all over the world, including Taiwan, Shanghai, Jiangyin, Nanjing, Changshu, Dongguan, Yantai, Indonesia, Malaysia, California of the United States, and Aosta of Italy. The construction of its financial shared service center is aimed at the reform of the group's financial management. As a strategic decision-making center, the group's financial management center is responsible for managing and guiding the financial shared service center and the financial departments of each OU. The financial shared service center provides high-quality The financial sharing service of each OU, as the window of finance and business, is responsible for connecting the communication and feedback between finance and business.
After the completion of the project construction, it not only realized unified and standardized financial standards, reshaped group management and control, reduced financial costs, improved financial process efficiency, introduced new financial technologies, and improved overall financial performance; it also strengthened internal control and compliance management, and improved data transparency , to support the group's business growth and expansion and mergers and acquisitions; at the same time, in terms of overall strategic advancement, promote the transformation of the financial organization from accounting to strategic overall, improve department capabilities and financial service quality, and support the group's strategic decision-making more extensively and efficiently.
DLHX
The world's leading digital technology service provider
The group has 30+ branches at home and abroad, and its business has covered China, Japan, Europe, America and other countries and regions.
The high-speed development not only brings about the prosperity of the enterprise performance, but also reflects the high dedication of the employees of the enterprise. The frequency of employee travel is high, the scope is wide, and the amount of funds advanced by employees and companies is large. This is not only a test for employees, but also puts forward higher requirements for financial management.
By building a financial sharing model, employees can submit reports through multiple terminals (you space, PC), automatically collect invoices, check invoices, check duplicates, audits, etc., and automatically form reimbursement forms; after the approval of employee expense control business, they can enter UFIDA The sub-process of BIP financial shared service, according to the rules, dispatch workers to groups and assign tasks to individuals, share the operator's review, push the ifs financial system for accounting after the review is completed, and push UF BIP financial settlement for payment.
On the whole, it not only realizes the integrated application of business travel booking, expense control and reimbursement, and shared auditing, but also online bill collection, verification, reimbursement, settlement, and accounting, which greatly improves the efficiency of financial work and reduces manual workload; Duanyou Space can carry out reimbursement anytime and anywhere. Through intelligent reporting and compliance inspection functions, it can reduce the input workload of employees, shorten the time for document input, and avoid input errors. Invoice collection, form filling, approval, and settlement are all online, which shortens the reimbursement cycle for employees from 5 days to 2 days from reimbursement to collection; at the same time, with the help of the standardized expense analysis report provided by the business travel expense control system, Multi-dimensional query of the group, business department, and expense items provides data for rationalized analysis of expenses provided by finance, lays the foundation for expense budget preparation, and provides a basis for management decision-making; in addition, use the smart ticket recognition function of the expense control service to identify the key to paper and electronic invoices Information, realize invoice anti-counterfeiting and authenticity verification, eliminate repeated reimbursement of invoices, and realize bill classification management through bill classification.
YY network
China and the world's leading digital intelligence platform and service provider for enterprises and public organizations
The financial shared service center FSSC built by the group has the characteristics of high starting point, high difficulty, fast construction, and fast launch. It quickly builds a shared platform to support organizational changes. It only takes 2 weeks from program design to launch, and through the iuap digital intelligence base , to achieve a high degree of data integration and a high degree of integration of business and finance.
However, during the construction process, its finance and economics team did face some difficult problems, such as reducing accounting and document review personnel by 60%, how to improve team efficiency? How to manage the self-efficacy of SSC? How to manage the local documents that SSC is responsible for? In terms of employee experience, after the upgrade of the business organization, the mobility of employees has increased, with many travel schedules and working across the country, how to submit the reimbursement form? How to avoid losing documents? How to optimize the problems such as prolonged reimbursement time caused by centralized processing of documents?
Through in-depth research and analysis, the construction team of YY Network Financial Sharing Center carried out the scheme design of the financial sharing center through the following points:
- Integrate regional institutional teams, adopt the method of headquarters SSC + computing center + 7 regional SSCs, integrate the original regional accounting teams, and set up SSC team management groups through the establishment of positions and responsibilities and professional division of labor;
- Process + standard SLA unification: sort out SSC accounting management rules, sort out SSC account entry review rules, sort out checkout procedures and manuals, sort out different types of document review standards and review points, etc.;
- Smart sharing Smart SSC: If digital employees are enabled, unattended mode is adopted to realize smart inspection, smart audit, and direct payment settlement.
The focus of traditional financial work is often highly repetitive tasks such as accounting and reporting. By building a financial sharing center, these repetitive, inefficient and boring tasks can be handed over to a sharing center that is good at standardized management, so that financial personnel can have If you have time and energy to engage in high-value and high-creation work, you can also play a greater role in financial management and drive business-financial integration and strategic decision-making.