Research On Financial Process Reengineering After Cement Acquisition And Reorganization Of China National Building Material Company Limted

After20years of rapid development, China has become the world’s largestcement producer and the consumer market. The current China’s cement industry isstill in the stage of rapid development, but compared with foreign, Chinese cemententerprises is still small scale and low concentration. Now, merger, acquisition andreorganization of the cement industry is also busy.After several years of merger, acquisition and reorganization, cement productionof capacity China National Building Material Company Limited has reached200million tons, is currently the country’s first. But with the increase of company size,also began to appear more and more problems in the financial process. This articlethrough the financial process reengineering is to this, the way to change the existingfinancial system, to straighten out the financial accounting process, strengthen thefinancial management functions, improve management, improve the company’sproduction efficiency and core competitiveness, and thus make the company can rapid,healthy and long-term development.Article first of the financial process reengineering of finance processreengineering, and related theories are reviewed, then the financial processreengineering are analyzed in detail. Then, for the current China’s cement industry andpolitical background, introduces the building materials co., LTD in China and in thefirst half of2012cement business. Targeting China’s building materials of cementbusiness acquisition are introduced, and sums up the experience in mergers andacquisitions.Financial status quo analysis it is concluded that the company’s current financialexisting in the process of centralized fund management, financial accounting,financial process reengineering and concluded that it must be to change the existingfinancial situation, puts forward the informatization of financial process reengineeringscheme, the expectations of the company’s financial process reengineering a brief,summarizes the full text and puts forward the deficiencies.Main innovation of this paper is to introduce the ideas of finance processreengineering company specific financial, in the practical work for the company’s financial problems and the solution method is discussed.the analysis Angle beneficialprocess, ways, in order to promote the company’s financial management providesconstructive reference idea.