ITG Funds Management Optimization Based On Financial Sharing Model

Decentralized financial management model has many drawbacks,such as financial department redundancy,high costs and low efficiency on financial processing,and the group cannot monitor a large number of sub-branches effectively.Therefore,the model is difficult to support the rapid development of the enterprise and hinder the development of the enterprise in certain.However,the ERP management system has effectively solved the above problems by policy unification,financial concentration and standardization management.The emergence of Financial Sharing makes the financial accounting processing centralized,which brings the scale economy.And it also cuts the financial costs significantly and improves the efficiency of financial management through processing,standardizing and specializing the financial management.Moreover,it enhances the group controlling over subsidiaries and improves the competitive power of the group.Funds,as the "blood" of the enterprise,is the lifeblood of the enterprise's sustainable operation.Funds management is the core of modern enterprise management and funds management is paramount importance in financial management.Strengthening corporate funds management on controlling core resources and optimizing funds management is the key point of creating higher profits.Under Financial Sharing Center model,how to establish a capital management model which is compatible with the financial sharing center and how to make use of the advantages of the financial sharing center to make up for the shortcomings of traditional funds management model are the exploration trend of domestic enterprises in recent years.In recent years,according to its own organizational structure and business characteristics,ITG Group's financial management has gradually transformed into financial sharing model.With the help of the financial sharing model,ITG Group's management level and financial control effect have been significantly improved.In order to match the financial sharing model,ITG Group has carried out a series of organizational and business process changes,but the fund management still follows the old management model.The original fund management mode is no longer suitable for the new financial management model,which hinders and restricts the application of the Financial Sharing Model.In this case,ITG Group's optimization of fund management has become particularly important and urgent.This paper divided into six parts,first is introduction,which is focus on the research background,the significance of research,the methods to study,and a brief summary of the creative ideas and disadvantages in this research.The second part shows some related references and theories,which help to clarify the current Finance sharing's development,including some basic knowledge of funds management.The third part is the introduce of ITG Group's Financial sharing system.The fourth part is the main method is analyzing the problems of ITG Group's the system and try to find the reason why them exist.The fifth part is focusing on these problems through whole system and management and provide the solution.The sixth part is the conclusion and prospect.This paper not only offers some practical solutions,which can help the companies to manage the capital;but also shows the advantages of building a financial sharing system,which can give some creative ideas to help companies running better.