Integration Of Financial And Business Integration

< p > < strong > financial affairs should promptly master business information < /strong > /p >

< p > Dong Jianhong, Vice Minister of assets and finance of China National Machinery Industry Corporation, believes that the integration of financial business is in line with the needs of modern enterprise development.

In the increasingly demanding modern enterprise management, the requirements for financial accounting will also be higher and higher, especially the information needed for financial analysis.

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< p > these financial information comes from business.

"Without the support of business, financial information is often afterwards information, and its information feedback to the matter is relatively small.

Therefore, from the present point of view, the main problem we face is whether we can get information quickly and update in time when business happens.

Dong Jianhong said.

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< p > financial and business integration refers to the timely feedback of business to financial information flow when business happens.

Dong Jianhong used logistics to give an example. She said, where the goods flow, the value should be reflected, and the information reflected should be displayed in a timely manner. So that the financial statements can reflect the operating conditions of the enterprises more accurately, so as to provide a better basis for the decision-making of enterprises.

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< p > "for a trading enterprise, if we purchase materials now, what items we purchase, where the materials are, how they are, whether they have been delivered and how much they have been checked, we must grasp the financial affairs in time.

If one thousand pieces of goods are purchased and whether the inspection is reasonable? Is the stock accounted for in financial affairs? Are these inventories in place? If there is no information in place, is the stock in the hands of suppliers or in warehouses? Is there anyone who takes over the warehouse? All these require finance to keep abreast of business trends.

If financial information can quickly feedback these developments, it can provide a basis for internal control decisions. "

Dong Jianhong said that some enterprises encountered an important reason for the contract fraud of the steel trade, which is that the financial business information is not well connected.

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< p > this is even more evident in the manufacturing sector.

For a device, which materials are in place and which are not in place, the financial accounting should accurately reflect how much material is consumed, instead of finally pushing it back.

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< p > in recent years, all enterprises are emphasizing the integration of business and finance. Many enterprises are on ERP, hoping to timely reflect business information through informatization, and timely pmit business information to finance so that financial information can reflect business more accurately.

"Business information is not standardized in many ways. For example, most of the measurement is only quantity, and only when financial price is given, will these become the value stream.

The value stream is relatively easy to handle, which can provide more accurate information for the operators to make decisions.

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< p > < strong > win before the budget will be done < /strong > < /p >.

< p > compared with the previous < a href= "http://www.91se91.com/news/index_c.asp > > financial > /a > in the event and afterwards, the business is reflected. A href=" http://www.91se91.com/news/index_c.asp "> budget management < /a > looks at business from another angle -- ex ante perspective.

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< p > the system of winning in advance is an effective management method adopted by Dong Jianhong's enterprises.

"Now when we receive an order, we need to make a budget beforehand whether we should do it or not, especially after receiving orders for large projects and large equipment."

Dong Jianhong said that finance should calculate the consumption of various materials and the consumption of working hours, understand what the actual cost price is and what the price of receiving orders is.

In advance, not only consider the variable cost part, but also consider the variable cost part, such as how much manpower will be added to the project, how much cost it will cost to maintain the equipment, and so on, so as to ensure that the enterprise can make profits.

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< p > Dong Jianhong said that her financial team has been implementing the concept of target cost, asking for the first consideration of design cost.

This is very similar to the idea of budget management.

The design cost determines the 80%-90% of the whole product cost. The design stage determines the time and quantity of the product consumed.

Therefore, when doing target cost management, the first thing is to do analog production, first calculate the design cost according to the cost price of the material; if the design cost is higher than the market price, we need to adjust the design; if we can not reduce the cost under the condition of ensuring the quality of the product, we can see if the product can be profitable; if the profit is put into production, if we do not make profit, we will analyze again whether we can make long-term profit.

After this analysis, we can finally achieve the goal of cost management.

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< p > < strong > win win strategy < a href= "http://www.91se91.com/news/index_c.asp" > procurement < /a > /strong > /p >

< p > Dong Jianhong told reporters that in the course of production, her company was mainly engaged in processing and production according to the quota, and in the process of purchasing, they adopted strategic procurement.

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< p > "I will establish a win-win system with suppliers. For example, I want to produce computers, and the keyboard is provided by the supplier. I will first figure out how much labor cost and energy consumption the keyboard needs, and if the supplier costs 100 yuan to produce a keyboard, I will negotiate a profit margin of 10%, 5% or 3%."

Dong Jianhong said that after the calculation, the price of the entire product basically came out, of which strategic procurement played a key role.

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< p > if Dong Jianhong needs to change the material, he will discuss with the supplier.

If the material can be replaced without affecting the quality, the benefits of saving can be shared with the supplier.

This can ensure product quality while ensuring supply.

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< p > Dong Jianhong cautioned that the so-called tendering is to invite tenders without knowing the cost. It is possible that the quotations of these suppliers are very high, and the low price may be low quality and low price, which are not consistent with the long-term goal of enterprise development.

So, strategically speaking, she advocates the adoption of strategic sourcing, while parity purchase is only a small part.

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< p > < strong > logistics business enterprises urgently need the integration strategy of financial business < /strong > < /p >

< p > in Western business management, there is a noun called integration strategy, which refers to a strategy that enterprises make full use of their advantages in products, technology and market, and make the enterprise develop towards depth and breadth according to the direction of material flow.

Logistics business enterprises pay more attention to strengthening information construction and promoting real-time coordination of Finance and business.

That is to say, efficient financial and business integration is in line with the development needs of the logistics industry.

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Li Yuhuan, deputy chief financial officer of Limited by Share Ltd, Beijing P, said that from the point of view of the details, as a nationwide network enterprise, the accounting, settlement, budgeting, and capital control of the financial management of home emergency services are controlled by the concept of the whole group settlement center and the accounting center.

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< p > from the perspective of future development, because the logistics distribution industry has the characteristics of large quantity and low paction volume of single product, its future must be supported by information system to support financial management and business development.

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For this reason, the Beijing home express company has developed a new warehouse system, which has helped to increase the income of the shipments by providing better warehousing services for the customers. The construction of the price engine system is mainly aimed at solving the problem of too much personalized price of the front end products. The construction of the EDI (Electronic Data Interchange) docking system is well done, and the application and design of the platform are improved and expanded. P

The company also integrates business areas and accounting statements organically through information technology.

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< p > Logistics Enterprises' finance and business happen almost simultaneously, so they often optimize the cooperation network through different software systems, and optimize the functions of fund risk monitoring, non receipt goods monitoring, simple and convenient client software, customer service tracking experience improvement, customer freight automatic reconciliation, etc., optimize and optimize product price inquiry and route guidance; reduce the number of personnel receiving the record; through direct scanning to upload and sign the bill, reduce the signing list pportation link.

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< p > Dong Jianhong Dong Jianhong, Vice Minister of assets and finance of China National Machinery Industry Corporation, said that logistics and business enterprises can take many modern technological means in the process of doing well in the integration of Finance and business.

For example, when doing warehouse management, in order to make the cost accounting more accurate, Dong Jianhong used bar code technology, so that all information can be obtained by bar code machine brush code.

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< p > contrary to many people's thinking, metal products will also expire, such as vulnerable parts. Therefore, Dong Jianhong requires the first in, first out method to display the shelf life of the goods through bar code and ensure the use of the goods in the shelf life as much as possible, thereby reducing the storage loss of the warehouse.

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< p > is related to logistics business. Dong Jianhong also puts forward suggestions on manufacturing links based on inventory management.

Dong Jianhong said that every business sector in the manufacturing process was integrated into the ERP system, and the financial management was improved through informatization.

For example, a unit has thousands of varieties of products, which can only supply 20% of the thousands of varieties to the market, and the other 80% varieties that are not often needed by the market are also needed to reserve.

After information processing, each product has reported items in the database, such as a product compiled 800 newspapers, which may only be one hundred or two hundred commonly used, so that the production department does not produce so many other products.

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< p > Dong Jianhong's company also changed the concept of design and inventory.

"If a customer can't achieve mass economy when he has only one product, he will improve it on the basis of existing inventory instead of mass production."

Dong Jianhong said that before the use of information technology, then did not classify the inventory management, financial is just how much goods to see how much goods, do not know what the specific inventory materials.

Now, through informationization, business and finance can be integrated, so that the status of business can be accurately reflected through financial affairs, so as to provide a good decision basis for enterprises to improve management and reduce costs.

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