| As one of the comprehensive senior organizational forms of modern enterprises,the comprehensive enterprise groups are more private enterprise groups with multiple businesses in China,but the value contribution of a single business is not prominent,showing the trend of non related diversification.With the continuous development and strengthening of the market economy system reform,private enterprise groups are gradually involved in new business fields through merger and reorganization,new establishment,joint venture and cooperation in the process of participating in local economic construction and their own business development and growth.The basic conditions for the healthy development of an enterprise group are a complete and good capital chain and a sustainable and stable capital flow.In recent years,the scope of China's economic development has gradually expanded,but the growth rate has slowed down temporarily.While private enterprise groups are expanding,their economic competition environment is becoming increasingly severe.High debt operation has become a common business model of private enterprise groups.How to ensure the capital operation ability of private enterprise groups and reduce the risk of capital chain break is an urgent problem.The introduction of centralized management of group funds and the effective management of group funds from the perspective of "cash pool" will help to reduce the contradiction phenomenon of serious shortage or surplus of funds in subordinate member enterprises.At the same time,combined with the internal management problems of the company,through effective internal control,we can find and eliminate the long-term fund management difficulties of the company,and quickly and effectively implement "cash pool" Jinchi"centralized fund management mode.In theory,in the study of centralized fund management of enterprise groups,there are few studies on how to effectively implement the cash pool in private enterprise groups.In practice,they have not attracted enough attention and attention,and they are all in the state of paper.Based on the above background,the centralized management mode of "cash pool" fund is effectively integrated into the fund management system of private enterprise groups.It is of great significance to improve the fund utilization efficiency and reduce the financial risk of private enterprise groups by selecting the fund payment and collection mode and the corresponding financial internal control design from the group bank account setting.In this paper,through the comparative analysis of the enterprise group's centralized fund management mode,and in line with the current global economic informationenvironment,the mode of "cash pool" is mainly selected.After understanding and analyzing the concept,theoretical basis and advantages of "cash pool",combined with the analysis of the current situation of D group's capital management,the "cash pool" model is applied to optimize the relevant capital management process of D group.First of all,it is necessary to clarify the application of centralized fund management in large group companies.Through analysis,we can clearly understand the development process,application scope,significance,advantages and disadvantages of different centralized fund management modes.After that,it analyzes the current situation of fund management of the case company and the causes of the problems,clarifies the advantages of the cash pool and the necessity of implementing the cash pool,learns from the large-scale enterprises that have successfully implemented the "cash pool" model,analyzes the successful case company,applies the advantages and disadvantages to group D,optimizes the fund management of group D with the centralized fund management model of the cash pool,and finally puts forward the conclusion Guarantee measures for operating cash pool.By using the simulation analysis process of cash pool in group D,we can put forward a new and practical concept for the fund management of private enterprise groups. |
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