Research On The Application And Optimization Of Cash Pooling Model In HT Hotel Group

The enterprise group is an important part of modern economy,with the development of economy,enterprise scale?business scope has been expanded,and the enterprise's need for funds in the daily operation is also expanding;at the same time,the dispersed of group funds among subsidiaries has increased the difficult of capital management.In reality,due to the failure in financial management.Enterprise groups burden high credit growth,high idle funds,high financial cost in operation,and the "three high" phenomenon often appeared.In this paper,through the review of relevant literature on the group fund management,The enterprise mainly use the centralized financial management model to achieve the efficient flow of funds within the group,It mainly related to two lines of revenue and expenditure model ?settlement center model?internal bank model? the cash pooling?finance companies and other specific ways.The cash pooling mode originally developed by multinational company's financial company and international bank,It is designed to minimize the net holdings of the group by unifying the global funds of the group.The cashing pooling model achieve the transfer of resources and configuration within the group through collection account balances of members,overdraft of members' account,active allocation and payment,lending and deposit under interest in the group.Through the investigation of HT hotel group,the paper evaluate and analysis the application of the cash pooling mode in the enterprise,it summarized that the achievements contain setting up of the capital management platform?designing capital management regulations?the system and procedure management of cash inflow and outflow?handling cash inflow and outflow in systemand by procedure;pointed out the existing problems in HT hotel group about the operation of cash pooling model,and analyzed the reasons;to solve these problems,the author combine existing theoretical research and HT hotel group's fund management features to give several advice on capital management optimization.When the enterprise group applies cash pooling model to centrally manage the group funds,we should strengthen the construction of its internal capital market operation mechanism and fund management mechanism.exploring the relationship between the distribution characteristics of the internal cash flow and the external financial resources,Strengthening the funds risk control ability of the group,improving the efficiency of funds usage and the level of information technology used in funds management;In order to creating greater value for the group,we should comprehensively improve the fund management capacity of the group headquarters,optimize the resource allocation within the group,and give full play the advantages of centralized management of funds.