Author(s)

YiXin Zhang^*, JingHan Guan, YinZhi Zheng, ZiYang Ni, WenYue Zhao

Affiliation(s)

School of Accounting, Beijing Wuzi University, Beijing 101126, China.

Corresponding Author

YiXin Zhang

ABSTRACT

Shunfeng Group, as the head industry of the domestic logistics industry, began to establish a financial shared service center in 2014, and the financial shared service center was officially put into use in 2015, with a plan to achieve a comprehensive digital transformation by 2025. This paper analyzes the purpose, financial performance and current results of establishing a financial shared service center of SF from a theoretical point of view by studying the example of SF's establishment of a financial shared service center. Through the analysis of SF, the establishment of financial shared service center helps SF to achieve great improvement in financial management efficiency, decision-making support capability and cost control, etc. At the same time, it is found that there are problems such as low functional completeness of the industry and financial system, data dispersion, etc. SF solves the current problems by constructing the framework and mechanism of “1+1+n+x” and so on. This paper analyzes and researches the purpose, achievements and challenges of SF's financial sharing center to provide reference for the current logistics enterprises to carry out financial shared service center.

KEYWORDS

Digital transformation; Financial shared service center; Corporate finance; Performance

CITE THIS PAPER

YiXin Zhang, JingHan Guan, YinZhi Zheng, ZiYang Ni, WenYue Zhao. The effectiveness and significance of financial shared service center of logistics enterprises -- a case study based on SF group. Journal of Trends in Financial and Economics. 2024, 1(1): 20-26. DOI: 10.61784/jtfe3006.

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