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Practice and Exploration of the centralized management of funds of the group of companies

Author: WangDaJiang From: www.yourpaper.net Posted: 2010-04-10 19:35:10 Read:
[Abstract] group of companies in the internal implementation of the-owned Complete Works management, the effect of economic and management is also a huge management options. Starting from the objectives and characteristics of the centralized management of funds of the main tasks of the fund management center, the main business processes as well as in the implementation process should pay attention to the problem, provide a reference value for the actual operation.
[Keywords] Group company; centralized management of funds; business processes

Centralized management of funds is an important means of the many group companies in the management of funds. Through the establishment of fund management center, to learn from China's commercial banks, fund management mode, relying on the modern network information technology, to achieve a unified capital raising, distribution, use, management and supervision, to maximize the efficient use of funds. The author as one of the major players in Anhui tobacco industry funds centralized management project, full participation in Anhui tobacco funds to build a center and running. Based on this, I discuss the main business processes and Note centralized management of funds in the implementation process of the group of companies, and expect certain reference for the value of peer.

The objectives and characteristics of a centralized fund management

Currently, many of the group companies have more assets, large-scale, dispersed subsidiaries sufficient cash flow or uneven, its internal or may not have a lot of intercompany settlement, but as long as the company owned enterprises total precipitation have a lot of money The desire to improve the efficiency of the use of funds in the entire group, centralized management of funds is a huge benefit choice.
Centralized management of funds to achieve the objectives are: to strengthen macroeconomic regulation and control of the funds of the Group through the establishment of the fund management center, and revitalize the stock funds, transfers of funds remaining places, accelerate cash flow, reduce financial costs to promote the optimal allocation of resources. The fund management center within the finance department of the group of companies set up to handle internal members of the unit cash basis and between the specialized agencies of the settlement business. The characteristics of the performance of centralized management of funds:
(A) The internal members of the unit is a separate accounting units
Internal members of the unit have their own financial sectors and their respective bank accounts. The funds focus on capital management center does not change its ownership and management rights.
(B) the operation of the process of revenue and expenditure line
First concentrate on internal cash income of the members of the unit, the cash budget, according to the members of the unit reported by the fund management center, to members of the unit fund their respective monetary funds required to monitor the flow of funds and the use of the same time.
(C) through a bank for the intercompany settlement between the members of the unit no longer
The intercompany settlement between the members of the unit by the fund management center through the internal settlement "Walking account and do not take the money", and greatly reduce the demand for funds for the entire group of companies. Such a surplus of bank deposits to repay bank loans, will greatly reduce the amount of bank loans, and reduce financial costs.
(IV) system credit system and internal borrowing
Internal members of the unit are not separate from the bank loans, the implemented unified credit system to ensure that the demand for funds for the whole group by the fund management center.
(E) The loan-to-deposit relationship formed between the member units of the fund management center
The member units of internal deposits to the fund management center, internal borrowing and repayment, paid the deposit and lending system.

Second, the centralized fund management business processes

Fund management center as the entire Group's funds management institutions responsible for the Group funds centralized and unified management. Its main tasks include: estimated to be the amount of funds for the entire group of companies, common external financing; Group of funds on the requirements of the overall budget management plan and allocated i handle the internal settlement of the economic and business between the members of the unit; swap funds remaining places calculation, collection and allocation of internal funds occupation fee; supervision and evaluation of the use of funds of the members of the unit.
To guarantee the success of the model of centralized management of funds, must resort to computer network technology and information technology to build the funds centralized management system. For the main content of the fund management center, the funds centralized management system needs to be designed following main modules, to complete the entire business process for centralized management of funds, namely: budget management of funds, transfer of funds management, internal balance sheet management, by repayment management funds used fee management, accounting and report management, comprehensive inquiry. Each module also set some sub-modules, dealing with different business. The funds centralized management system function of each module is shown in Figure 1.
(A) The bank account management
Group companies conducting centralized management of funds before you need to clean up the bank accounts of the fund management center, and all members of the unit, in order to focus management. Fund management center in all collaborative banks (generally choose two to three cooperative banks) each open an account, both the income account is also spending accounts. Internal members of units handled through this account income on the plan and budget funds allocated business.
The member units of the selected location Cooperative Bank branches one opened a spending account, choose another one to two cooperative bank to open one to two income account. Income accounts to reflect the income of the members of the unit and on the programs of the amount of the fund management center; spending account is a basic account of the member units, reflecting the amount credited by the fund management center, as well as members of the unit expenditures.
The original other accounts in addition to income accounts and expenditure accounts should be gradually cleaned up.
(B) the addition of accounts
The fund management center, and members of the units required additional the internal deposits "and" internal borrowing "two one subject. "The internal deposit" subjects of funds management center. Accounting member units received on the plan payments, as well as the amounts allocated to the member units; member units, accounting on the program amounts to a fund management center, as well as the receipt of the funds management center dial into the payments. Subjects of internal borrowing funds management center for the accounting of the money lent to members of the unit, as well as members of the unit received repayment; member units, accounting from the borrowing of funds management center, as well as the return of The amount of the fund management center. In addition, the fund management center, and members of the unit are in "Financial expenses" subjects additional details of subjects of internal funds occupation fee, internal funds occupation fee collection and payment of the accounting subjects.
(C) capital budget management
The basic principles of budget management of funds is a combination of online processing and coordination under the net. The members of the unit will initially approved the budget plan in the budget management of the funds management system module entry reported. The end of each year to fill in next year's quarterly annual cash budget table, and then at the end of each month accordingly to fill in the next month, divided into three periods of monthly cash budget table. The fund management center of the member units monthly budget plan approved, as daily budget expenditures in the first days to the end of each member units allocated funds. Daily cash budget expenditure by various members of the unit, a separate single application, single audit, fund management center allocated.
(D) the transfer of funds management
Transfer of funds management, including financial planning and funds allocated.
A financial plan. The commissioned collaboration bank fund management center, the members of the unit revenue implementation of account deposits, daily business end, through electronic transfer system automatically members of the unit at this time point before all funds on the income account directly on the program to fund management center banks account, the zero the deposit sweep number on the member units of the income account. All funds on the program, the date of arrival. Funding program, fund management center debit "bank deposit" subjects, credited "the internal deposits XX members of the unit" subjects; members of units debit the internal deposits - funds management center "subjects, credited to" bank deposits " subjects.
2 funds allocated. Daily funds appropriated and non-daily funds allocated. Daily capital requirements for members of the unit, the fund management center is divided into three periods according to the member units per month in the budget management module reported monthly budget plan, the first day of every Austin allocated to the account of the member units of expenditures; For the members of the unit on the infrastructure day-to-day activities of the technical innovation or external investment funding requirements. Apply at any time, at any time after the timely disbursement of the fund management center audit confirmation by the members of the unit in the budget management module. Funds allocated fund management center debit "the internal deposits - XX members of the unit" subjects, credited "bank deposit" subjects; members of units debit "bank deposit" subjects, credited "the internal deposits - funds management center "subjects.
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