The Industrial Bank Of Accounting Business Process Reengineering

In recent years, as financial reform deepening and opening up, China’s financialmarkets has become more and more prosperity and active, and the profit of domesticcommercial banks were promoted rapidly. At the same time, foreign banks havemoved into the domestic financial market, market participants had become morediversity, and financial markets had become more competitively. Now, businessprocess reengineering (BPR) as a key means for domestic commercial banks toimprove and enhance the core competitiveness has become an important direction inthe new competition background.In this paper, the Industrial Bank’s current accounting business processreengineering were analyzed, and this paper advice to achieve these results of costreduced, risk controlled, efficiency and effectiveness improved through theaccounting business process reengineering. And what the Industrial Bank ofaccounting business process reengineering should be built on the change of IndustrialBank’s overall business philosophy, which transformed from the managementawareness to service awareness. New business process should take the customer as thecenter, BPR should insist on the principle of keep the balance between benefits andrisks, and keep unity with efficiency and benefits. At the same time, those innovationsin the procedure of BPR must be firmly supported. And all these works, such asreform in reorganize structure, re-dividing the work and responsibilities between thefront lines and the background, strengthen the application of information technology,improve the management quality and efficiency, should be carried out to promoteindustrial bank better adapt to the requirements of market competition.Such problems as the shifts of accounting focus, and the changes of accountingstaff location, and the centralized of bank data, and the changes of the form of risk,and so on, should make up through that such as improve in disaster backup,management, system, information technology and Strengthen accounting inspection,and so on.