Research On "Cash Pooling" Funds Management Model Of Y Group

With China 's fast economic development,enterprise groups begin to emerge,the diversity of group business and the universality of regional range of business brought huge challenge to the enterprise financial management.The enterprise groups have many problems in the centralized fund management.The low service efficiency of funds,lacking of capital regulation means and weak ability of Capital control ability are existing in our country enterprise group's fund management which need to be addressed.For the development of group financial management,it is an inevitable phenomenon that the management of cash assets of large enterprise groups is moving towards a high degree of concentration.It is very important to explore the mode of centralized management and control of cash assets suitable for enterprise groups for the continued growth of the Group.In this paper,combining with the case of large enterprise group Y group which is in the software and Internet service industry,It introduces group fund management characteristics and the status of the fund management and analyzes the problems in the fund management model of Y Group Y group.Those problems include that subsidiary accounts opened in different banks,weak control of parent company,the high risk of fund operation,low service efficiency of funds and so on.This paper introduces several major capital centralized management model of enterprise group in our country and makes comparative analysis to various patterns.The paper puts forword to introducte the "cash pooling" mode to slove those problem.The new centralized fund management mode is the combination of capital settlement center and "cash pooling".It hopes that this mode can solve the those problems in the fund management mode of Y group and realize automatic collection of fund and reduce the idle capital takes up,increase the service efficiency of funds."Cash pooling" mode not only can make the group company to strengthen the control of the subsidiary accounts' cash flowing,but also provide service for group with the help of a bank advanced management tools.At the same time,combining with professional software service platform,absorbing the advantages of both sides,to achieve the purpose of financial management.This paper further analyzes the ncessity and feasibility of "cash pooling" mode introduced in Y group and makes specific elaboration of the building process "cash pooling" model and information platform of funds management in Ygroup.It hopes that it can play a guiding role in the process of exploring to establish efficient and secure funds centralized management mode for Y group.