Research On Optimization Program Of Funds Centralized Management For Shengli Petroleum Administration Bureau

After the year1990, the economic around the world is showing the trend of integration,the competition among the large multinational conglomerates become more and more intense,so conduct a research on the funds which is known as "enterprise blood" has importantsignificance both on theory and practice. As the leading enterprise of the petroleum industries,Sinopec Group began to explore new ways to strengthen the centralized management of fundswith the Group’s scale development and cross-regionalization. And today, by establishing thesystem of fund management, promoting TMS platform, and strengthening the centralizedmanagement of funds outside borders, Sinopec Group achieved the goal of “Income andexpenditure in two lines” preliminarily. As one of subordinate enterprises of Sinopec Group,Shengli Petroleum Administration Bureau proposed a Management model according to thecharacteristics of multi-level legal, which focused on process control, started with businessmanagement, put the internal bank management as the main line, and end up with financialaccounting. By this way, the administration Bureau expected to reduce operating costs,improve economic efficiency, and Maximize the profit of the enterprise group.Imported from the Policies and the basic theory of centralized management of funds, thearticle analyzed the Current Situation and the Deficiency of the centralized management offunds for Shengli Petroleum Administration firstly. And then built a basic optimizationframework based on the Deficiency. Finally, the article proposed a detailed improvementprogram, which solved the problem of the centralized management of funds for ShengliPetroleum Administration from fund management environment, operational processes,specific business and risk management.