Continental Finance Service Center China (FSCC) is founded in 2007 based on the new financial management concept – Finance Shared Service Center – which is committed to achieving scale economy, standardization, and be the business partner of the group financial management.
Through a consistent basis for accounting and financial reporting of different countries and regions, FSCC ensures the specification and the united structure of the accounting records and reports, so that the disadvantages of replicated investment and low efficiency from finance function construction will be effectively solved.The advantages are as follows:
- Firstly, lower operation costs.
- Secondly, improve the financial management level and work efficiency.
- Thirdly, support the development strategy of enterprise group. At present, the concept of Finance Share Service Center is emerging and promoting in many multinational companies and state-owned companies. FSCC has already been at the leading edge of industry in its mature scale and scope.
By the end of 2017, FSCC has supported around 4.55 billion sales in Euro and processed 1.17 million transactions for all 13 China plants.
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