Author(s)

Huang Qin

Corresponding Author

Huang Qin

ABSTRACT

Financial sharing service is a new type of financial management mode popular in group companies in recent years, which effectively solves the heavy basic financial business processing work brought by the group enterprises due to the expansion of scale. However, what benefits does the group's financial shared service model bring to the enterprise, and how the original intention of the company's implementation of the group's financial shared service model has not been effectively studied. Taking ZTE as an example, this paper analyzes the benefits brought by the Group's financial shared service model to the group enterprises. The analysis found that the Group's financial sharing services have improved ZTE's financial processing efficiency, reduced financial processing costs, increased capital management concentration, and effective control of capital activities.

KEYWORDS

Financial Sharing Service, Financial Performance, ZTE