| Financial centralized management is a kind of new management concept and mode based on network environment to realize unified budget, unified report and unified different kinds of financial management system. The key foundation of it is to centralize the information, then use the information technology to establish network environment and realize the HQ centralized monitoring, thereby the members of industrial group could achieve the goal of resourses sharing, win-win cooperation and common development. Generally speaking, the contents of industrial group centralized management are including the centralization of financial management, accounting information and financial resources. It is reflected in the accounting, capital management, cost management, budget management and so on.Haier Group is a typical modern industrial group and selects financial centralized management mode same as other overseas large-scale industrial group. Haier Group established shared center to account centralized and deal with the account information timely, then realize the function conversion from transaction to decision support. In the aspect of capital management, Haier Group constructed cash pool of local and foreign currency to manage the group capital intensively to activate all the idle fund and sedimentary fund, reduce the size of external financing, save a large mount of capital cost by establishing Haier financial company. In the aspect of overall budget management, Haier Group set up a tragedy-led and overall budget management system based on the organization and processing of a connecting link between the preceding and the following, horizontal coordination. It used multi-dimensional flexibility budget mode as a tool including budget objective decomposition, budget planning, control and analysis of all kinds of links and that of connected with performance appraisal. Haier adopted standard controlling method within group to achieve the cost competition of the entire process. |
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