Financial Shared Service Model in Electric Power Enterprises: Challenges and Opportunities

This article examines the implementation of a financial shared service model in electric power enterprises. It discusses the importance of optimizing and improving the entire system of financial information to effectively utilize this model. The article highlights the significance of a strong information system that can transform business data into financial data, leading to improved data processing quality. It then delves into the challenges of data sharing among different departments in the context of a globalized economy, emphasizing the need for improved information communication. The article further analyzes the impact of low information integration and the need to improve it for seamless operations. It concludes by discussing the reliance of financial sharing on information technology platforms to build a financial service center, and the corresponding need for a higher level of expertise from financial accounting staff in an increasingly interconnected world. The article also notes that the financial sharing model reflects the growing standardization of financial management operations and processes.