scholarly journals Discussion on the financial shared service Mode of enterprises in the intelligent era

2021 ◽  
Vol 235 ◽  
pp. 03071
Author(s):  
Chenzhe Zhao
Keyword(s):  
Value Creation ◽  
Financial Management ◽  
Economic Globalization ◽  
Multinational Companies ◽  
Control Mode ◽  
Shared Service ◽  
Enterprise Groups ◽  
Service Mode ◽  
And Control ◽  
Large Enterprises

With the pace of economic globalization, financial Shared service has more and more widely used in enterprise groups and multinational companies and other large enterprises. The new financial management mode has become a “trend”. This paper discusses the mechanism of the transformation of the financial shared service mode of enterprise groups from service mode and control mode to value creation mode under the background of intelligence.

scholarly journals The impact of the implementation of the financial shared service model on Haier Smart Home

2021 ◽  
Vol 235 ◽  
pp. 02073
Author(s):  
Zhuang Yani
Keyword(s):  
Financial Management ◽  
Smart Home ◽  
Economic Globalization ◽  
Operational Efficiency ◽  
Operating Efficiency ◽  
Service Model ◽  
Service Models ◽  
Shared Service ◽  
Enterprise Groups ◽  
The Impact

With the development of economic globalization, companies continue to expand through mergers, and problems such as low operating efficiency and increased management costs have begun to emerge. Traditional financial management models have been difficult to adapt to the development of enterprises. Therefore, in order to operate branches more efficiently and improve operational efficiency, enterprises have begun to vigorously develop financial shared service models. This article analyzes the impact of Haier Smart Home after the implementation of the financial shared service model, and explains the necessity of implementing the financial shared service model, hoping to attract more large enterprise groups to build a financial shared service model.

scholarly journals Application of Financial Sharing in Financial Management of Group Enterprises

2020 ◽  
Vol 5 (3) ◽  
pp. 140
Author(s):  
Linlin Gan
Keyword(s):  
Customer Satisfaction ◽  
Financial Management ◽  
Multinational Companies ◽  
Financial Information ◽  
Management Model ◽  
Enterprise Management ◽  
System Reform ◽  
Service Center ◽  
Centralized Management ◽  
Shared Service

<p>Financial shared service is a new management mode established on the basis of financial system reform. Under this mode, independent financial organizations are stripped off and financial information of company’s branches is merged into financial shared service center. The center is responsible for simple and repetitive, common and standardized operations for each branch in order to realize the centralized management and accounting. It greatly improves the efficiency of enterprise management, reduces management costs, and improves customer satisfaction and the service quality. As a new emerging thing in financial management, financial shared service center has turned into reality rather than a concept, and there are more and more enterprises benefit from it. This new financial management model is emerging and being adopted by many multinational companies and large domestic enterprises.</p>

FINANCIAL CONTROLLING IN THE SYSTEM OF FINANCIAL MANAGEMENT

2018 ◽  
Vol 28 (1) ◽  
pp. 137-141
Author(s):  
Petya Yordanova – Dinova
Keyword(s):  
Comparative Analysis ◽  
Financial Management ◽  
Financial Stability ◽  
Business Environment ◽  
Innovative Approach ◽  
Financial Sustainability ◽  
The Common ◽  
The Difference ◽  
Effective Use ◽  
And Control

This paper explores the comparative analysis of the financial controlling, who is a result from the common controlling concept and the financial management. In the specialized literature, financial controlling is seen as an innovative approach to financial management. It is often presented as the most promising instrument of financial diagnostics. Generally speaking, financial controlling is seen as a process of managing the company`s assets which are valued in monetary measures. The difference between the financial management and the financial controlling is that the second covers all functions of management, analysis and control of finances, aiming at maximizing their effective use and increasing the value of the enterprise. Financial controlling is often seen as a function of the common practice of financial management. Its objective is to preserve the financial stability and financial sustainability of enterprises operating in a highly aggressive business environment.

Indian management research

1983 ◽  
Vol 8 (2) ◽  
pp. 155-176
Keyword(s):  
Financial Management ◽  
Production Management ◽  
Empirical Studies ◽  
Industrial Relations ◽  
Social Science Research ◽  
Science Research ◽  
Environment Policy ◽  
General Management ◽  
Policy And Planning ◽  
And Control

The purpose of these abstracts is to provide reference facilities in the management field. These abstracts have been sponsored by the Indian Council of Social Science Research. These abstracts cover books and articles on empirical studies, experiences of people involved in the management process, and concepts and theories based on Indian data and environment written by Indian or foreign authors and published in India or abroad. The following areas of management are covered: Financial Management, Management Accounting, and Control (FM) Marketing (M) Organization and Administration (OA) Personnel Management and Industrial Relations (PMIR) Production Management, Computers, and Operations Research (PMCOR) General Management: Environment, Policy, and Planning (GM) Policy, Planning, and Development (PPD) Books and articles published after January 1974 are covered in Vikalpa. Abstracts of publications between 1970 and 1973 have been published in two volumes by the Indian Institute of Management, Ahmedabad. For reprint of articles abstracted in Vikalpa please contact the original journals. For further details please write to Professor Shekhar Chaudhuri.

Features of financing the production of intellectual product of transnational corporations

2021 ◽  
pp. 69-75
Author(s):  
Svitlana Frunza ◽  
Liudmyla Romaniuk ◽  
Daria Nasypaiko
Keyword(s):  
Research And Development ◽  
Multinational Corporations ◽  
Strategic Alliances ◽  
Financial Management ◽  
Transnational Corporations ◽  
Multinational Companies ◽  
Economic Relations ◽  
Global Innovation ◽  
Innovation Economy

The purpose of the article is to study the features of financing the production of intellectual products of multinational corporations in the context of globalization. Research methodology – system-structural and comparative research (to understand the logic of financing the production of intellectual products of multinational corporations), statistical and economic analysis (in assessing the status and prospects of the role of transnational corporations). The scientific novelty is to substantiate the peculiarities of financial management in multinational companies and to determine the main aspects of international financial management, which will increase the production of intellectual products of multinational corporations and the development of international economic relations. The article identifies the distinctive features of modern multinational companies and technologically sound strategies that contribute to their economic success. The main ways to obtain long- term investments and the peculiarities of the formation of strategic alliances and their agreements are clarified. Various forms of international cooperation are considered. Conclusions. According to the results of the study, it was concluded that the role of transnational corporations is growing, which is determined by their participation in world gross domestic product, increasing the share of international movement of capital, labor and other resources. Their importance in the world economy is evidenced by the scale of foreign operations in all sectors and areas of social production. The main obstacles to the financing of multinational corporations are the disagreement of the interests of companies and governments of the host countries, taking into account economic, political, monetary, financial and legal risks. Ukraine is able to use the model of open innovation networks as a key to entering the global innovation economy in line with current trends. Keywords: transnational corporations, transnationalization, investments, innovations, research and development, research and development works.

scholarly journals Power Sharing and Control Strategy for Provisionally Coupled Microgrid Clusters through an Isolated Power Exchange Network

Energies ◽  
2021 ◽  
Vol 14 (22) ◽  
pp. 7514
Author(s):  
S.M. Ferdous ◽  
Farhad Shahnia ◽  
GM Shafiullah
Keyword(s):  
Power Sharing ◽  
Frequency Deviation ◽  
Load Shedding ◽  
Control Mode ◽  
Control Technique ◽  
Communication Link ◽  
Control Mechanisms ◽  
Power Exchange ◽  
Exchange Network ◽  
And Control

The two common mechanisms of load-shedding and renewable curtailment can prevent provisional overloading and excessive generation and the subsequent unacceptable voltage and frequency deviation in standalone microgrids (MGs), which makes MGs less resilient and reliable. However, instead of enabling load-shedding or renewable curtailment, such overloading or over-generation problems can be alleviated more efficiently and cost-effectively by provisionally interconnecting the neighboring MGs to exchange power amongst themselves. In such a scheme, the interconnected MGs can supply their local demand, as well as a portion of the demand of the adjacent MGs. In order to implement this strategy, a three-phase ac link can be used as the power exchange network, while each MG is coupled to the link through a back-to-back power electronics converter, in order to maintain the autonomy of each MG if they are eachoperated under different standards. This paper proposes a suitable decentralized power management strategy without a communication link between the MGs to achieve power-sharing amongst them and alleviate unacceptable voltage and frequency deviation along with the required control technique for the power electronic converters, which can be implemented at the primary level based on the measurement of the local parameters only. To this end, one of the converters should always regulate the dc link voltage while the other converter should operate in droop control mode when the MG is healthy and in constant PQ mode when overloaded or over-generating. Suitable status detection and mode transition algorithms and controllers were also developed and are proposed in this paper. The performance of the proposed power exchange and control mechanisms were evaluated and verified via PSIM®-based numerical simulation studies. The stability and sensitivity of the proposed power exchange topology are also analyzed against several critical design and operational parameters.

scholarly journals TO IMPROVE THE ANALYSIS OF THE FINANCIAL SECURITY OF THE BUSINESS IN GEORGIAN ENTERPRISES

2020 ◽  
pp. 135-147
Author(s):  
IZOLDA CHILADZE
Keyword(s):  
Financial Management ◽  
Financial Stability ◽  
Factor Model ◽  
Limited Liability ◽  
Sustainable Growth ◽  
Sustainable Business ◽  
Growth Trend ◽  
Factors Affecting ◽  
The Stability ◽  
And Control

The purpose of this paper is to improve the analysis of the financial stability of enterprises and to identify the key factors affecting the establishment of the sustainable growth trend of enterprises (except the financial sector) in Georgia. Answering the question: what financial challenges do enterprises in Georgia face today and be designed consequently, recommendations for strengthening the financial stability of enterprises should be developed in Georgia, increasing solvency and mitigating bankruptcy risks? The necessity for the financial stability of enterprises is becoming increasingly important both for sustainable business growth and for the stability of the international financial market.The subject of the study is the financial positions and financial results of the analytical enterprises. The first and second categories of joint-stock companies of Georgia and limited liability companies were selected as the research objects. Ten enterprises in total. The research methodology includes methods of economic and statistical analysis, factor analysis, vertical, horizontal, proportional and ratio analysis.In order to improve financial management and control, the paper presents multi-factor models of several indicators created by the author. These are: the tree-factor model the coefficient of the organic structure of capital, an eight-factor model of profitability and a six-factor model of the Financial leverage. The paper conducts practical research on the example of ten Georgian companies and concludes that the main challenges in today›s Georgia are the dangers of losing financial stability and bankruptcy. The reason for such a tense financial situation is not a «Corona-19». According to the author, the main reasons for the instability of enterprises in Georgia are: The Irresponsibility of business owners and management, low management professionalism and hidden flows of cash resources.

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