The Application Of The ERP Financial Module In China Construction Bank

ERP (Enterprise Resource Planning), which is based on the practical experience and development tendency of MRP II (Manufacturing Resource Planning), was proposed by the U.S. Gartner Group in 1990 at the first time.Combining with the advanced management concepts, and with the help of the advanced network information technology, integrating the business logistics, the capital flow and the information flow in a single platform, ERP makes full consideration about the overall balance of various resources the enterprises own, namely, the materials, equipment, funds, manpower, time and information and so on, and makes scientific and effective management of the enterprises'business for the unification of the business data, to achieve all on-line processing and to provide timely and accurate information for the enterprises'decision making. ERP includes four core modules:financial management module, production control management module, logistics management module and human resource management module. The financial management module is currently the most widely used and is the most mature one. ERP financial management module is a standardized reporting module system with a unified user interface structure, and it provides the shared identical data source for all of the application programs of the enterprises' financial management, and exerts the monitoring of financial management through all the functional departments which have been defined in ERP systems. The application of ERP financial management module enables the enterprises to collect the financial information more accurately and timely, to achieve a real sense of resource share, and to ensure the timely control of the cost, and to promote the functional management of the financial staff, and to guarantee the normal operation of the financial management, and to safeguard the security of the enterprises'financial resources. With the gradual maturity of the domestic banking management concept and the development of the network information technology, the joint-stock commercial banks, such as Industrial and Commercial Bank of China, China Merchants Bank, Minsheng Bank, China Everbright Bank and so on, also began to introduce this advanced financial management system.Currently, China Construction Bank has completed the financial restructuring and the shareholding system reform, and successfully listed in Hong Kong to become a public company. As a public company, how to ensure to publish the financial information timely, accurately and completely becomes a priority. In addition, since its strategic goal is to build a modern world-class bank, China Construction Bank also faces the issues to improve the internal resource management capacity, especially the basic financial management capacity. According to this situation, the China Construction Bank badly needs to change the way of the internal financial management, and therefore, ERP financial module becomes the best choice.This article is divided into two parts. The first part is the overview of ERP. Starting from the basic theories of ERP, the basic concept of the ERP financial module is introduced, and the impact of the ERP financial module on the enterprises'financial management is analyzed, and the application of the ERP financial module in Chinese state-owned commercial banks is summed up. The second part, as the core of this paper, mainly analyzes the application of the ERP finance module in China Construction Bank. Firstly, the problems in China Construction Bank's financial management before the implementation of ERP financial module are summarizes, and the strategic significance is proposed that the implementation of ERP financial module improves the situation of the financial information disclosure and the basic financial management of China Construction Bank, and enhances the financial management level and ability. Secondly, the specific application of the ERP financial module in China Construction Bank is analyzed, which is depicted mainly from the seven aspects in detail, including the new multi-dimensional chart of accounts, the unitary complete accounting ledger, the new cost-sharing mechanism, the new outlay accounting subject system, the unified compositive platform for the asset management, the fund-sharing center and the basic framework system for the multi-dimensional profitability analysis. Finally, the problems China Construction Bank encountered in the implementation of the ERP financial module are raised, and the solutions to the problems are proposed. The writer hopes that through this essay, some valuable information should be provided on the further standardization and scientization of the financial management of China Construction Bank.