Solution To The Problem Of Funds Management In Sinopec

In the 21st century,more and more Chinese enterprises have gone to the world,and in this process,they have created a large number of transnational corporations,they have advanced scientific research and management level.However,with the growing size of the enterprise,the centralized management of the funds put forward higher requirements,more and more large multinational companies have set up their own financial companies for the operation of enterprises within the funds.Over the years,Sinopec Group has been actively exploring new ideas and new ways to strengthen the centralized management of funds.In order to strengthen the centralized management of funds at the headquarters of the Group,the Group has established a centralized management and control,all-round co-ordination,all-factor analysis and evaluation The working system through the group within the financial institutions-financial companies as a platform and centralized management of information systems,relying on the domestic major state-owned commercial banks settlement network,the use of special bank total account to achieve the way to achieve real-time collection of funds,Co-ordination arrangements,the overall planning of financing needs,the effectiveness of internal settlement closed operation.This paper uses the method of theoretical analysis and case analysis to study the basic theory and main mode of centralized management of funds by visiting the Finance Department of Sinopec Group Company,Sinopec Finance Company and the daily centralized management system.The paper analyzes the existing problems and puts forward the existing problems,and then analyzes the existing problems and puts forward the measures of centralized management of funds,that is,the construction of the bill pool,the unified payment system,strengthen the capital budget management,Management and maintenance of the system and so on,put forward constructive comments.This article can also be other enterprises to carry out centralized management of funds to provide a reference.