The Application Of Comprehensive Cost Management In The Transformation Process Of Commercial Banks Branches

In recent years,Internet finance has gradually expanded into traditional banking businesses,such as payment and settlement,wealth management,and consumer loans,relying on its convenience and innovation for rapid development.With the financial business no longer subject to geographical restrictions,more and more people began to accept the advanced concept of foreign Banks and local Banks supported by the government,the business model of the entire financial industry began to change dramatically.As a result,China's commercial Banks are facing new industry trends and competitive pressures,and transformation and upgrading based on the actual situation has become the primary task of commercial Banks.Commercial Banks have realized that,as the basic service outlets of commercial Banks,they should be the first to transform.On the one hand,the transformation of outlets should enhance the innovation degree of financial products,on the other hand,it should strengthen the comprehensive cost management,strengthen the refined management of outlet costs and expenses,make efficient use of outlet resources,and strive to change the once rough management methods of outlets.This paper first sorted out the relevant concepts of total cost management,learned foreign advanced total cost management thoughts and experience,selected the Changchun branch of bank P as the research object,and studied the implementation situation and effect of applying total cost management theory in the transformation process of its branches.The study found that in the overall cost management process of bank P Changchun branch,there was a lack of refinement degree of business management expenses.The budget mechanism lacks control and flexibility,the cost responsibility center lacks effective assessment mechanism,cost management information system lags behind business development and other issues.Combined with Changchun branch of P bank cost management present situation,proposed Changchun of bank P can streamline reforming inefficient network in order to reduce the network cost and promote the staff more than a post job to control the human cost,optimizing the process to a shared resource in order to reduce operating costs,strengthen risk management to reduce risk control cost to apply comprehensive cost management to networks in the course of the implementation of the transformation.On this basis,it puts forward measures to ensure the successful application of comprehensive cost management in the transformation process of the Changchun branch of bank P: improving the staff's awareness of cost management,establishing budget execution system,establishing and perfecting comprehensive cost assessment system,establishing comprehensive cost information management system,etc.