Enterprise Financial Management Group's centralized

[Abstract] my company implemented a centralized Financial Management, for example, of centralized enterprise Financial Management strengths and how to implement some measures proposed.


[Keywords:] centralized Financial Management measures

First, the implementation of centralized Financial Management of the advantages of

For now, our group's main form of Financial Management can be summarized in a centralized and decentralized two. Looking at the financial management of large enterprise groups, mode of operation results, centralized management has more advantages. Centralized financial management In the enterprise unified planning, monitoring under the operating system, running through the establishment of mechanisms for orderly, effective incentive mechanisms and scientific restraint mechanism, the implementation of the financial activities of the affiliated companies a comprehensive, unified, efficient management and monitoring, give full play to group funds overall advantage to enable enterprises to truly scale and economies of scale.

1. Strengthen the Group's overall capital management. With the development of enterprise groups and diversification strategy, continue to set up subsidiaries. Enterprise Group Financial centralized management through the implementation of deposits after the way the companies of the group and distributed the funds temporarily idle together, then the form of loans allocated to companies within the group needs funds to achieve intra-group transfers of funds between surplus and deficiency. through funds of funds withdrawn from circulation and scheduling, the group from a higher level of participation in the management of affiliated companies, and strengthen the capital management. Meanwhile, leaders at all levels is conducive to raising the cost of time value of money and awareness for each respective enterprise attention to economic accounting, rational and effective use of funds.

2. To strengthen internal controls. Enterprise Group owned enterprises generally large, complex organizational level, management of the chain length, how to effectively monitor the group at all levels of business operation, especially the financial operations to ensure that its business code of conduct, safety and efficiency, is trying to resolve a number of enterprise groups, but very difficult to solve a good problem. Enterprise Group Financial Group, through centralized management enables the preparation of accurate financial plans, the use of real-time network monitoring capital flows, internal audit and other means from time to time to achieve the monitor-owned enterprises the legality of the use of funds, the safety and effectiveness, to ensure rational and effective use of funds, so that the funds of the subsidiaries within the Group operate entirely in the group under surveillance.

3. Reduce the financial costs. Centralized management of enterprise groups, making the financial intermediation of funds within the Group to revitalize the capital, improve capital utilization. The scale of investment and production in the same case, a corresponding reduction in demand for bank funds, in particular, can reduce the long-term credit, thereby reducing external borrowing and finance charges paid. Group under the short-term credit to meet the company's long-term use, reducing the company's high debt risk management.

4. Improve the company's credit rating of credit, expansion of credit. Enterprise groups centralized financial management, the Group is no longer a separate subsidiary within the credit relationship with a bank, but the name of the business credit group activities, because the economic strength of the enterprise group , social impact, and government support, the banks do not worry about his ability to repay, thereby expanding the business group's external credit, the group can more easily obtain financing from banks for the company's development and enhance competitiveness in the capital.

5. For the development of enterprise groups to develop goals and direction Information. Implementation of the centralized financial management can focus on the financial Information of subsidiaries to the Group's headquarters, to keep abreast of the subsidiary organizations of production, operation and implementation of the policy group headquarters implementation of the results and plans to complete the degree, or according to the actual development of a subsidiary group of companies plan to make strategic adjustments, and thus make the parent company of the subsidiaries of funds to more effectively control costs, ensure that the subsidiary's production, operating smoothly, the parent company of subsidiaries in order to ensure effective controls to ensure that all activities of subsidiaries serve the interests of the whole enterprise group in order to achieve corporate goals of profit maximization. reposted elsewhere in the Research Papers Download http:// www.hi138.com Second, the implementation of the centralized financial management measures to be taken

1. To achieve the sustainable development of the Group corporate profit maximization as the overall objective of financial management. Implementation of the centralized financial management group, we must first identify and overall goal of a unified financial management and implementation of the goals to each enterprise group branches and subsidiaries. conglomerate's financial management should always focus on the overall goal of maximizing profits, according to the specific circumstances of each respective enterprise, using the corresponding financial means to achieve the sustainable development of the Group to maximize profits.

2. To property as a link to strengthen financial management. Group companies shall be clear of all the property of their respective companies or organizations, and setting the property as a link to the financial management system.

3. The implementation of internal accountant. Group property owners, as the companies can be implemented on the system of appointing their respective companies. Specifically in two forms: First, head to the subsidiary by the presence of Chief Financial Officer, Board of Directors into the company to undertake supervision of asset operations, major investment decisions and the review of financial statements and other duties, income and expenditure of significant financial and economic activities associated with the general manager to sign the implementation of the system; Corporation, was appointed chief financial officer of the regular assessment and rotation. Another case is delegated to the subsidiary head office finance manager, finance manager financial controller by the management company. I was sent to financial managers and accounting personnel to a subsidiary, Chief Financial Officer from time to time to various subsidiaries, to review its financial oversight .

4. To strengthen the unified management of funds, give full play to the role of clearing house. Centralized basic requirements of financial management of funds must be unified and managed the company so as to give full play to the advantages of this form of organization. I am in the operating and capital management, the main products are all sold to group companies, large integrated raw material sourcing is also unified by the company, so customer support is not only holding in the group, the procurement also reduces the purchasing costs, and unified the funds, through the modern Internet banking, fast deployment of funds. play a reasonable financing, regulating the remaining places, the flow control to ensure that the role of recovery.

5. Financing, because the subsidiary has bought the company products, the company unified foreign sales, capital return to a unified company, the company system by the implementation of credit system, which will not only expand the company's credit rating, but also use of short-term adequate funding to carry out a series of financial activities. If I load this year, production in the production of discontent, the short term surplus funds, deposited in the bank's current interest rate of 0.36%, while the store for a full acceptance in the funds required to pay by money order or discount, on the one hand, not only for the banks to do a return, improve credit rating, you can also reduce the loan interest rate, increase enterprise efficiency; the other hand, demand deposits, time deposit interest income is converted to six months income, interest income increased 5.5 times.

6. Strict implementation of program management. Group from the company's long-term interests of the respective companies to conduct a comprehensive, detailed, objective Research, analysis and budget, establish a set of key development indicators covering enterprise system of budget targets, the Group overall objective of every level of financial, and management and all staff linked to personal interests. In the process of achieving the target profit of their company to monitor the timely completion, strict incentive and restraint mechanisms. the only way to effectively control the company toward the established goal.

In my opinion, most of the group companies are in financial management from financial accounting to the upgrade stage, the group means of centralized financial management is an inevitable choice. With the money management, budgeting, financial management and other key applications, relatively mature , centralized financial management advantages of the group will be more prominent.


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