Research on Empowering Huawei’s Financial Transformation by Financial Shared Service Center

With the innovation of science and technology and the development of the economy, the financial management mode of enterprises has gradually been changing. In the context of the economic downturn and the high pressure of market competition, in order to achieve cost reduction, efficiency increase of financial operation, and improve the operating conditions, some multinational group companies had begun to set up Financial Shared Service Centers with the help of the rapidly developing Internet technology to empower the financial transformation of enterprises. Taking Huawei as an example, by sorting out the construction process of Huawei’s Financial Shared Service Center and analyzing its overall financial situation, this paper introduces how the Financial Shared Service Center can help Huawei achieve successful financial transformation and create economic benefits. At the same time, the author analyzes the possible problems in the development of the Financial Shared Service Center and puts forward some relevant suggestions.