Research On Centralized Funds Management Of A Refining And Chemical Group Company

Group company mostly presented the development of cross-regional,diversified,difficulty of its fund management increasing.Efficient use of capital is the core tasks of the group company's financial management.How to make full use of its advantages in capital scale and strengthen the group the service efficiency of funds,has become an important factor to measure group management level.Funds centralized management is an effective way of fund management,which can improve credit rating,reduce the cost of capital,optimize the resource allocation.Therefore,the implementation of centralized fund management is the necessary choice in the process of group development.A refining and chemical group company has 3 branches with 12 subsidiaries.The main products of diversified group company are petrochemical and chemical fiber production,petrochemical products trading as the auxiliary pole.Settlement center was established in 2013,which is the combination of the centralized and decentralized management mode.A refining and chemical group company began to fund centralized management at that time.After nearly three years of operation,although the centralized fund management in such aspects as capital financing and standard operation success,but also has low service efficiency of funds,poor ability of the fund supervision,lots of fund precipitation,unreasonable allocation of funds,and a series of serious the problem of low efficiency of centralized fund management.ERP is introduced as the optimization scheme,because A refining group company cannot solve existing problems at present stage.ERP is the enterprise resource planning,in order to make plan management ideas into centralized management of funds,which can do a plan for internal funds,liquidize remnant assets,improve the efficiency of the group as a whole;Delicacy management of ERP can guarantee fund procurement reasonably,guarantee the fund supply,optimize the allocation of resources,in order to help A refining group company improve the service efficiency of funds.To ensure efficient centralized fund management,at the same time the paper also optimize centralized fund management in the following aspects: to optimize group budget,to set up risk prevention system,to improve the system of centralized fund management system,at the same time,also to put forward assessment measures of fund management.Papers on capital centralized management of A refining and chemical group company is of great significance.At the same time,paper hope to provide reference to other group company which has the same problems of fund management.