A Case Study On Financial Integration Of Z Group’s M&A Of F Company

In recent years,there has been an upsurge of M&A among enterprises.Through M&A,many enterprises have realized the effect of rapid scale,which makes enterprises develop from single to group.The enterprise group is a kind of main body formed in the investment activities,and carres out the control right to the subordinate holding company.With the continuous M&A and reorganization,enterprises can rapidly expand,adjust industrial structure and optimize resource allocation.The research shows that there are various factors that make the M&A unable to achieve the expected effect,or even fail.The success or failure of M&A not only depends on the negotiation process and transaction consideration of the two parties in the early stage,but also on the effective integration of the target enterprise after M&A to improve the core competitiveness of the enterprise.First,we need to unify the development strategy of the enterprise.If the development strategies of the two sides are different,the strategic synergy effect will not be realized.Secondly,because the two sides have different internal and external resources,both sides have their own advantages and disadvantages.Only through financial integration,can we coordinate and share external resources and reasonably allocate internal resources.Finally,through a series of financial integration,the financial status and operation status of the target enterprise can reach the best state,improve the overall operation effect of the enterprise,and maintain the competitive advantage of the enterprise in the industry.In this paper,the concept of financial integration of enterprises is firstly defined by combining literature research and case analysis.On this basis,the case of financial integration of F Company acquired by Z group is taken as the research object.The author confirms the importance and effectiveness of financial integration through empirical research results,and makes clear that enterprises should formulate scientific and reasonable financial integration plan after merger and acquisitionIn order to ensure that the enterprise merger and acquisition achieve the expected goal.At the same time,based on the case analysis,we find that there are many difficulties in the financial integration,such as the implementation of the financial system is blocked,the accounting treatment method is different,the cost of financial management and control is high,and the effect of financial integration is slow.Through the previous theoretical research and combined with my own practical work experience,the author puts forward several optimization suggestions,such as optimizing the financial system process,standardizing the output of financial data,reducing the cost of financial management and control,and integrating industry and finance into a new management and control mode.On the whole,in the case of Z group M&A,the financial integration problems and suggestions summed up are helpful for the enterprise to improve the financial integration plan after M&A,to guarantee the realization of 1+1>2 development strategy after M&A,and to achieve the goal of maximizing the value of the group company.This paper hopes that the successful experience of financial integration of Z group can provide reference for other enterprises in the industry.