CFO Outsourcing Through Finance: Changing Enterprise Financial System

Financial outsourcing always makes them feel unrealistic for CFO, but with the change of the environment, the focus of CFO is slowly shifting from the original accounting work to the "army teacher". Traditional financial models can no longer meet the needs of rapid development of enterprises. But how should CFO be trapped in the tedious accounting work, so as to turn identity into an enterprise's strateger?

The concept of financial outsourcing has long been an important tool for many enterprises to assist in financial management. Many enterprises give priority to outsourcing solutions when facing financial management problems. However, the financial outsourcing is quite difficult in China, which stems from the excessive control of financial power by local enterprises. "Secret" is the consistent attitude of most enterprises to finance, so financial permissions control has been in a conservative state. It is a strict taboo to disclose the financial situation of enterprises to the third party. Nevertheless, with the change of the environment, financial standardization has made more and more enterprises gradually try to go out.

Due to the lack of professionals, the organizational structure of enterprises is complex and related to finance. procedures for examination and approval of projects Many, long time, the serious degree of inconsistency of enterprise norms, the incomplete internal system of enterprises, the unconformity of the background and so on, all of which have become a stumbling block for the development of enterprises. And the trend of rapid development forced enterprises to make the financial system smooth, so that enterprises can have better development.

Cost control is always the concern of most enterprises, but it is precisely because this has become a fundamental problem restricting the development of enterprises. Taking production and sales enterprises as an example, it is more effective to provide a transparent process for eliminating the time difference for senior executives as a decision basis than cutting costs by cutting corners. Market changes are competing against each passing day. Enterprises want to break through the bottleneck of talent shortage and win the opportunity. Financial outsourcing is a good choice. There are many uncontrollable factors in personnel costs, such as loss and the level of new recruits, while financial outsourcing can be clearly cured and completely cured according to the contract. Financial figures speak with numbers. Visible cost control and efficiency improvement can help CFO improve its position in the enterprise, and facilitate enterprises to enhance their competitiveness through the understanding of process management.

Selective outsourcing is a very practical choice for enterprise financial outsourcing at this stage, because financial outsourcing is not simply a complete custody of enterprise finance to the third party, but a careful analysis of outsourcing projects with improved space. With the help of the third party professional team, the enterprises can correctly sort out the process and achieve the expansion of process efficiency. In enterprises, there are many taboos in the financial field, which are not suitable for the following aspects. Outsourcing situation Such as important negotiations related to the key business itself, port tax work closely related to the local regulatory authorities, and some processes that have great impact on the cost efficiency.

Secondly, when choosing outsourcing service providers, enterprises also need to firmly grasp the initiative, learn to distinguish different services, and choose greater value. For enterprises, outsourcing can not simply see the completion of the corresponding amount of tasks in the contract, but rather focus on whether the service can help enterprises improve efficiency in the process. Taking travel expense reimbursement projects as an example, many enterprises adopt traditional methods which are extremely cumbersome and too many human factors, so it is difficult to control costs from the root. The process provided by the financial outsourcing service will solidify all the processes into the process system, and the reimbursement authority is controlled by the process, and the process is clear, transparent and standardized, minimizing human interference.

Faced with many problems that plague many domestic CFO, in fact, a large part of it is restrained. Professional level The problem is more restricted by the traditional financial concept of enterprises. Nowadays, many CFO still focus on the cumbersome foundation work of account management, report forms, auditing, etc., but this is unable to meet the needs of today's enterprises. If CFO has been engaged in accounting work, and can not serve CEO, starting from understanding business, it can not only enhance its value, but will be eliminated by enterprises.

In contrast to the domestic financial management system, the traditional financial accounting has generally become a process, while financial planning and analysis are more focused on data collection rather than analysis, understanding and risk observation. Therefore, CFO needs to learn to decentralization, take the initiative to get rid of the simple digital work, instead of engaging in the understanding of the business, establishing a shared center that can control and control, and make use of the technical superiority to realize the deep understanding of the management work. CFO is not a lifelong career or ultimate goal of a financial person. Many managers do not possess professional financial knowledge but can achieve higher value realization of enterprises. The key lies in their understanding of business operations and management.

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