Three Elements Integration Of Financial Centralized Management System

Realizing group financial centralized management is a systematic project. It realizes the integration of information and the integration of resources by means of network and IT technology.

On the horizontal side, through financial embeddedness in all aspects of the enterprise value chain, financial management of the whole enterprise group's operation process and value-added process can be realized.

In the vertical direction, we should strengthen the management and control of the group's subordinate enterprises and coordinate the business objectives of the group companies and subsidiaries so as to better achieve the scale benefit of the enterprise groups.

In this system, we first need to build a unified information network system.

In traditional enterprise management, information systems of departments are isolated, and information can hardly be acquired, stored, processed and pmitted in real time. To change this situation, we must use information management tools to create the IT environment needed for centralized financial management, and integrate the network, data base and management software together (such as ERP system).

Through the inter enterprise network, inter enterprise network and the Internet, we can overcome the obstacles of information pmission.

The database can not only store a lot of information, but more importantly, it can define data structure, process data and manage data according to the needs of enterprise financial management, so as to improve the quality and utilization of data.

Management software is the main body of business management, logistics and capital flow in economic activities.

The application platform for flow management.

The implementation of management provides an interface.

Only the organic integration of the three can lay the guarantee of information carrier for the centralized financial management of enterprise groups.

Secondly, we should realize the integration of accounting process and business process.

The traditional financial management mode separates accounting process from business process. Financial management only manages financial revenue and expenditure activities, but pays little attention to its related business activities, resulting in inconsistency of information flow, capital flow and real logistics.

To this end, it is necessary to break the boundaries between enterprises, reorganize the internal workflow, combine accounting process and business process organically, and realize the integration of Finance and business with the help of network platform.

Financial management should be embedded in every aspect of economic activities.

When an economic business occurs,

It is possible to get information from the "5W" point of view, that is, What (what happens, what resources are involved), When (when to happen), Who (involving who, what role to play), Where (where the event happens), Why (the related risk of events), and comprehensively get the relevant information of business events, and automatically generate financial information through the real-time management of the information management system.

Through the real-time, integrity, accuracy and usefulness of the collection and processing of financial information, we can better provide information support for financial centralized management and realize the real-time performance of financial supervision and management.

The three is to redesign the organizational structure that is compatible with centralized financial management.

In order to achieve synergy between finance and business, the layout of the financial department should be penetrated into every work link of every business department.

Considering the efficiency of financial information, we should minimize the intermediate management level, improve the efficiency of the overall structure, and effectively reduce the operation cost of the financial control system.

In short, the basic work of financial centralized management is the construction of IT environment, the restructuring of accounting process and the redesign of organizational structure. The IT environment should adapt to the new accounting process and organizational structure. At the same time, the redesign of accounting process and organizational structure also enables the IT technology to really play its role, not only in the pure enterprise group network construction, but also to make the network of the enterprise humanized and operational.