Corporation Group Cash Centralized Management--Reasearch On The Modle Of Cash Pooling

With the development of economic globalization, Corporation group has been one of the most important powers in the economic activities. It has been the hottest issue in the academic discussion about how to run corporation group effectively and efficiently. After the philosophies of"production oriented"and"market oriented"in the company management activity,"financial activity oriented"philosophy has been more and more accepted by both academic researcher and business managers. Cash is the blood of any company, it involves in the whole process of production cycle, such as raw material purchasing, goods production, product selling, calling back of money. So cash management is core of financial management. Methods of improving cash management are forever the enterprise's main researching ways. Also, it is the enterprise manager's aim. At present, the low capital using rate and poor profit is the main factor to restrict the development of the enterprises. Researching a new way, new model to use the capital is a very important topic before the enterprises.At the begin of the paper is to analyze the intension of corporation group , firstly accurately define"corporation group"and analyze its financial management features, and introduce the concept of corporation group's cash management and the principle of corporation group's cash management. On the basis of analysis of the problems of cash management in China's corporation group and China's multi-level corporate governance characteristics,China has come to focus on cash centralized. Then, the paper analyzes the traditional model of cash management deficiencies and the characteristics of cash pooling. On this basis, proposed building a model of the cash pooling of great significance. The paper analyzes the cash pool's goal of setting, the condition of implementation, the steps of implementation, accounts setting and process design, control measure, and so on. Finally, the paper introduces the process and result of the AB corporation group building cash pooling. The cash pooling can provide reference for enterprises which want to build centralized treasury management developing orientation, formulate effective and applied strategy of centralized cash management, select rational route of information technology developing, and solve diversified key problems therein.