The Revelation Of Germany's Siemens Company Credit Management System Of China's Enterprises

Chinese famous economist, Mr. Wu Jinglian, thinks current market economy is credit economy which credit exchange takes up mostly, and setup of enterprise credit management is an important framework to ensure stable running of credit economy. Whether it is able to set up a system of enterprise credit management to improve credit image of Chinese enterprise and capability of avoiding credit risk is the crucial part of enterprise existence and development. At present enterprise credit management in China is still in a developing phase, to analyze and discuss the existing problems and weakness of Chinese enterprise credit management will be very much important and meaningful to its development and consummation.Siemens credit management system is a valuable reference for setup and consummation of Chinese enterprise credit management system. This article provides a whole picture of Siemens credit management system and its implemented practice. In accordance with the current status of Chinese enterprise such as poor concept of credit management, lack of credit management system, and poor technique and method of credit management, elaborate how to implement the following three sub-systems like customer credit management, internal credit awarding management, and account receivable management. Thereof, it points out the necessity and importance of a whole round enterprise credit management via in advance credit management, in process credit management and afterwards credit management. In addition, feasible solutions and methods are summarized for setup and consummation of Chinese enterprise credit management system.