Financial Designer: Starting From Cost Control And Efficiency

Keirrison, vice president and CFO Zhang Ping, vice president of P < < a href= > http://sjfzxm.com/news/index_cj.as > > in China, said that as the leader of the architectural design industry, Keirrison is also facing the influence of the environment in China.

On the one hand, China's economic growth is slowing down. On the other hand, labor costs and raw material costs are also rising. Industry profits have been greatly reduced, cost control and efficiency have become a required course to ensure the development of enterprises.

< /p >

< p > Keirrison's design is in the forefront of commercial real estate and retail. Providing comprehensive architectural design services is the advantage and long-term focus of development.

After years of development, Keirrison has accumulated rich experience in urban planning, conceptual planning, scheme design, deepening design, construction drawing design and interior design.

< /p >

< p > in Zhang Ping's view, even in the field of architectural design full of art, financial management and business management should be closely integrated.

She introduced that Keirrison set up the finance department and the project operation Department in China's enterprises to support the work of the design department. The finance department carries on the tracking analysis of the project cost through the organic combination with the project operation Department, and implements the monitoring of the receivables, and exerts influence on the cash flow return.

< /p >

< p > < a href= "http://sjfzxm.com/news/index_cj.as" > as far as /a > guarantee money back Zhang Ping said that in the process of signing the contract, the accounts receivable should be managed.

In the contract, it is clear that the payment process should be stipulated according to the completion of each node, such as the delivery of the completed drawings or the reporting of the project. Only when the company receives the account item can it further advance, otherwise it will take corresponding measures.

This method can enable the project to timely refund and protect the company's cash flow.

Zhang Ping said, "the finance department participates in the monthly business meeting of the project operation management department and the design department project manager every month, and discusses the progress, completion status and the status of the invoicing and receipts of the key projects, and formulates the next action plan for the projects with risks or problems."

< /p >

< p > compared with other companies of the same type, Keirrison is more advanced in the use of information system.

Zhang Ping introduced that the financial system used in the past did not have a matching project system. In March last year, the company launched the PSA system of project management, and it was related to the financial system in May. At the same time, it also connected the HR system and the ESS reimbursement self-help system, and formed the ERP system with project management as the core.

The data in each system module will automatically flow into the financial system.

The finance department can directly see the completion, invoice and receipt of the company's projects, and put forward suggestions for improvement more effectively.

For risky projects, the finance department and the operation management department will set up a special list to keep track of the development of these projects, and make corresponding written off and bad debts preview in finance, so as to fully reflect the risks.

"The size of building design companies is usually relatively small. Some companies may not yet have a better ERP system. Relatively speaking, the ERP system is more advanced and more suitable for company management.

At present, ERP integrates several systems, and integrates the concept to effectively support the company's resource planning and project operation management.

Zhang Ping said so.

< /p >

< p > Keirrison's company in China is a Sino foreign joint venture enterprise. Both Chinese and foreign shareholders and directors are concerned about the management and development of the company.

According to Zhang Ping, the financial department compares the actual financial results with the budget and joins the cost control, production efficiency and other operating conditions to form a comprehensive monthly, quarterly and annual performance report to shareholders so that shareholders can grasp the business situation and financial situation of the company in a timely manner.

Keirrison will hold a board of directors to examine the company's performance every quarter, discuss the company's strategic development, update the market position, assess risks and make plans.

In addition, Keirrison's financial personnel in China communicate daily with the financial staff of the US headquarters, such as regular or irregular telephone or video conferences, and regular visits and exchanges of work progress.

< /p >

< p > because of Keirrison's solid brand, 60% of its customers are repetitive customers.

For customers, Keirrison also has his own screening standard, not only to investigate the customer's credit to control risks, but also to measure the maturity of customers.

Zhang Ping explained that the market of the first tier cities is gradually saturated, and two or three line cities and even four line cities are developing. They need to build landmark buildings. Relatively speaking, the customers in these areas have their own characteristics. Maturity and credit need to be investigated. The awareness of customers and contracts in some areas may not be so strong. This requires Keirrison to adopt new management methods according to the psychology and behavior of the new market.

At the same time, deep development will bring about changes in the cost structure of Keirrison, and the characteristics of its customers should also be taken into account when formulating the project budget.

< /p >

< p > let everyone work on the same platform, so as to reduce costs and make full use of resources.

< /p >

< p > enter into industries that can be self-renewal, such as the information industry; and try to meet the information needs of professionals in the financial, technological, medical, legal and educational markets.

< /p >

< p > helps to promote growth and return, create value, and enable executives and board members to understand the relationship between products and markets, as well as risk and return.

< /p >

< p > establish good relationship with management team, especially CEO.

A high sense of responsibility and enthusiasm is also needed when achieving general goals.

< /p >

< p >. In order to achieve the grand goal of the enterprise, we must dare to introduce big initiatives, such as annexation of enterprises into new markets through mergers.

< /p >

< p > assume the strategic responsibility of commanding the enterprise.

Analyze the business, inform the management of the business results, let them know the current situation of the enterprises, understand the completion of the budget, understand the changes in the performance of the company compared with the previous year, which areas need to be improved, and which aspects will hinder the risk or other problems of the development of the enterprise.

< /p >