Greentown Services Group: road of rapid development of the financial figures of the beginning

Greentown Property Services Group Co., Ltd. was established in 1998, is a property services for the foundation to serve as a media platform, wisdom technology as a means of large-scale integrated service businesses, many property types, a wide range of service areas. July 12, 2016, Greentown services group in Hong Kong Stock Exchange Main Board listed transaction. And for many years was the "China Top 100 Property satisfaction leader" award.
Construction background and financial services Greentown mind sharing the main building motivation is divided into two parts: on the one hand, we can see that in recent years some of the larger international companies, Fortune 500 companies among them are seventy to eighty percent sharing Center, started to address some basic accounting work, the effect is obvious. After Greentown service into the capital market, we must have a strong and rapid development of financial management and control system to support its growth in these speeds, so we should consider whether to establish such a foundation platform for centralized accounting treatment; in addition, we also understand now iT iteratively updated very quickly, it has been fully equipped video transmission, electronic invoicing, etc. these functions should speak external conditions are ripe. From our own characteristics in terms of management, enterprises normal functioning financial system which is a very important part.
Any new thing from generation to accept the need to have an understanding of the process of gradual adaptation. Greentown financial management and control system has been a vertical management, which has laid a very good foundation, so decided to implement them in a shared process, from understanding the level of ideology we are very much agree to accept a relatively high degree.
However, the implementation process which really met a lot of problems and difficulties. For example, sharing in the implementation process will involve carding and optimizing the existing management process, in this process will encounter process with other departments to improve the existing collaborative process, this process took us some time, experienced some difficulties.
Greentown financial shared service outcomes construction is obvious. Point of view can be divided into several stages: the initial investment period, the Deloitte gave us a counseling program which, in 2018, then if the line to sixty five percent, will require 120 personnel to about 130 people, but in fact we real coverage of 45% at the end of 2018, only about 40 staff to complete such a large amount of work, so we basically put the above persons is better than expected, a lot of them; but in the above construction of the system we had some slightly higher was put into a counseling program, which is one, the investment we have made great savings ratio on the initial program, run the effect is very obvious, after covering 45% of the legal unit, we can see the synchronization on the line electronic invoices , electronic receipts, and so open up business processes. 2018 probably saved 120 accounting labor costs, per capita performance improvement of 10% to 15%, from the cost efficiency of the effect is very obvious. Greentown annual service business 30% rate of increase, if the original developer mode finance team, our numbers increase with the proportion of growth is almost the same, but they are now shared in accordance with the speed of advance in terms of predicting the next three years 2020 we will save 650 accounting manual on labor costs is very obvious. At the same time the quality and efficiency of the accounting basis of accounting has also been greatly improved, the original scattered around the way distributed processing, into a standardized centralized processing, greatly improved our operating results of listed companies on the quality of information feedback Therefore on this, in preventing risks to improve the quality of the above effect is obvious.
Now the digital transformation of the topic is hot, especially in Greentown Services is very obvious feature, in fact, with the share of new construction is basically the same results convergence.
First of all, it liberated from the grassroots basis accounting finance staff a lot of work time. For a very vivid case, we had a project annual revenue of nearly one million, we have to face 1090 owners, that we need two finance staff accounting basis, the workload is still very saturated. On a share in 2018 after the implementation of electronic invoicing, electronic receipts, and now only needs 0.5 accountants to complete the original work. 1.5 In addition to the financial staff is to support the project work on the project some operators. So finance the digital transition I think it is imperative, for very obvious effect of this stage is the enterprise cost efficiency.
Secondly, this is not just the financial system, the entire enterprise is also very important in terms of operations. If financial officers in accordance with the 30% growth of the original we will increase the number of labor costs, increased competition in the industry now, rising labor costs and the irreversible moment, we think this is very important, at the same time enhance our accounting, is the effect on the quality and efficiency of financial accounting itself is also very obvious.
Third, risk prevention aspects, to improve the standardization of construction is also very useful. We need to tax future cloud synchronization carry out construction is good, the country's tax declaration of the work done by sharing a unified center, which can reduce the risk of inconsistent play big tax returns and accounts table, effectively control the cost of the tax burden, and so on, so we that share of the entire digital transformation of the business in the future Ye Hao, Ye Hao business operations are very valuable.
Greentown Group's own financial service system, although there is no information in a timely manner so as FSSC, but they themselves financial management and control is in place. Ideology and personnel itself more fully prepared, for example, they know exactly how to build financial Sharing Center. And when they decide to use the FSSC, when we are ready. However, some enterprises have decided to use the leadership, but did not follow through. Greentown is in place for personnel control.
In addition, Greentown Services Group has a strong executive power. 2016 began planning the establishment of financial Sharing Center, they started a pilot from the project to use, the whole process took three or four years, you can start to try it, and immediately receive the results. Cost of the entire accounting has dropped, the force is also very good.
UFIDA Services Group as a long-term partner Greentown, Greentown throughout the digital transition, the experience of China's outstanding enterprises into Greentown services group, with the establishment and operation of a shared service center, enabling the UF Greentown service. The Greentown services group, from internal management to reduce external quality from operating costs to improve work efficiency, risk prevention and control from service quality to have a qualitative leap, Greentown service is a pioneer in China property industry's digital transformation, driving and lead the entire industry toward a more efficient, smarter, greener and more healthy direction.
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