Author(s)

XiaoYan Qiao

Affiliation(s)

China Railway Construction Engineering Group Co. Ltd., Beijing 110070, China.

Corresponding Author

XiaoYan Qiao

ABSTRACT

The author, through comprehensive research on the digital transformation practices of financial shared service centers (FSSC) in the digital economy, their challenges, and optimization measures, found that FSSC can help achieve financial efficiency improvements, cost reduction through financial effectiveness, data management empowerment, and support for corporate strategic decision-making. However, it also faces difficulties such as the lack of technical interfaces with existing systems, the inability to establish new institutional models, and mastering key capabilities in shared center data management while avoiding data security risks. By analyzing relevant literature and practical issues in enterprises, the author proposes optimization strategies for the transition of FSSC to cloud platforms, providing direction for the digitalization of enterprise financial management.

KEYWORDS

Financial shared center; Digital transformation; Data governance; Cloud platform; Optimization path

CITE THIS PAPER

XiaoYan Qiao. Practical value, challenges and optimization path of financial sharing center in the context of financial digital transformation. World Journal of Economics and Business Research. 2025, 3(2): 16-19. DOI: https://doi.org/10.61784/wjebr3041.

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