Research On Fund Management Of H Group In Financial Sharing Environment

As the core content of financial management,the efficiency of fund management has a large effect on the operational effectiveness of the enterprise group.The unfavorable factors such as the increase of management layers,asymmetric information between the headquarter and subsidiary,and the long capital chain,make the more difficult fund management of enterprise groups,the unoptimal allocation of funds,and the insufficient benefit of capital utilization.In recent years,financial sharing as an innovative concept has been adopted by more and more enterprises because of the advantage in the lower cost,the greater efficiency,and the better risk management.How to deal with the opportunities and challenges brought by financial sharing in the fund management of enterprise groups is the main problem studied in this paper.Firstly,from the theoretical point of view,this paper systematically analyzes the positive effects of financial sharing on the fund management of the enterprise group,including lower management costs,greater management efficiencies and the improvement of risk management level.Then this paper analyzes the influencing mechanism of financial sharing from three aspects of organizational structures,business processes and the information system.Secondly,this paper describes the current situation of H Group fund management,and deeply analyzes the outstanding problems and causes.Thirdly,this paper designs the fund management mode of H group in financial sharing environment for the existing problems.The structural entropy model is used to analyze the strategic positioning of H Group Financial Shared Service Center.Then the fund management organizational structure of “strategic finance + business finance +shared finance” is designed.Through building the business process design model based on the deviation control method,this paper designs the business process of fund budget management,fund account management,fund settlement management,and financing management in the financial sharing environment,draws flow charts and describes new processes in detail.Basing on the financial sharing service information system,this paper proposes the system architecture and business functions of the fund management information system,to supportthe efficient fund management.In this paper,we combine theoretical analysis with case study.We also comprehensively uses qualitative and quantitative analysis to carry out the fund management of H Group in the financial sharing environment.The conclusions not only help H Group to solve the malpractices of fund management,improve the level of fund management,and promote the transformation of financial governance,but also provide a valuable reference to improve the fund management of large state-owned military industrial enterprises.