Optimization Of Financial Management System Of Corporation

Financial management as a means of management throughout all aspects of business management activities used to ensure the realization of the objective of maximizing enterprise value. This thesis for the various problems in corporate financial management, and optimize enterprise financial management system to ensure that companies can do the circulation of funds, the investment structure of science, cost-effective business operation, thus contributing to the enterprises to enter a virtuous cycle development track.In the early of Luxi Chemical Corporation, mainly jointly set up by the merger, every business has its relatively unique background and management culture. Each enterprise has a separate Finance Section; implementation of self-management, so there are some differences in the accounting information collection and delivery, financial management, lead to the Group’s financial information sharing is not high, and difficult to improve management efficiency. With the rapid development of the Corporation in recent years, products from a single fertilizer product development into a set of nitrogen fertilizer, compound fertilizer, chemicals, chemical equipment, four plates, dozens of products, the product is complex, business are intertwined, it has been highlighted can not fully meet the need for rapid development of enterprise. Problems in corporate financial management performance mainly in the following areas:(1) financial organizational structure and group development are incompatible;(2) finance staff professional level is not high;(3) not the full realization of the centralized management of funds, failed to maximize the benefits of Corporation;(4) no comprehensive budget management, just a simple budget, in the control of the Group’s overall budget analysis, there is no overall planning;(5) application of information technology is not high, failed to establish an information exchange platform, only remain in the post afterwards data control stage;(6) financial risk is not strong, no complete risk prevention system, but at risk for processing;(7) The supervision of the business of the business service level is not high, financial supervision is still stuck in the post-processing stage.For the analysis of the seven issues, this thesis based on the Corporation’s financial organizations manage, financial personnel management, fund management, budget management, information management, risk management, monitoring and service functions to improve the Corporation’s financial management system. In the design of organizational structure, combined with the Corporation’s four business segments, building a set of group financial management structure; for finance staff professional level is low, establish personnel selection, reserve training, use, evaluation, promotion elimination mechanism; in the Corporation’s capital management, establish a "funding pool" at Corporation level, implement unified management of the Corporation’s overall revenue and expenditure program; for budget management, based on the management of the whole process of capital movement, relying on value chain analysis, establish a comprehensive budgeting system; in the application of information technology, take NC UF as a platform, all products are fully e-commerce, establish an integrated financial information system optimization; for risk control and financial supervision, take China Securities Regulatory Commission and other five ministries called for the establishment of the internal control system as an opportunity, combined with the actual development, set the standardized system of internal controls, establish financial risk monitoring management procedures, establish a risk warning mechanism, proper risk precautions plans.Faced by Luxi Chemical Corporation financial management status, the Corporation’s financial management system needs to take the changing times as an opportunity to continue to innovate with the times. This article will be through the optimization of the Corporation’s financial management system, to provide theoretical guidance and some specific measures to improve the Group’s level of financial management recommendations.