Focus on improving corporate financial settlement

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Focus on improving corporate financial settlement center of

Abstract establishment of clearing house funds have become the consensus of the majority of Group companies, but the specific operational needs of businesses on how to choose according to their own appropriate mode, and take the appropriate measures to continuously improve and promote their healthy development. For a detailed discussion on this article. Degree of enterprise groups with the continuous improvement of financial management to enhance and improve the regulatory capacity of capital and the use of effective rates, to maximize the efficiency of group collaboration, drawing on bank capital management, use of modern network technology, financial means the establishment of clearing house funds, has become the consensus of most businesses. But in practice focused on the financial settlement center position, function, and why enterprises should focus on the establishment of the financial settlement center? How to regulate the operation? How to implement the computerization? These issues are the different business environment, the specific implementation varies, requires a combination of company specific organizational structure, management, financial conditions for further study. One centralized financial clearing and model selection Financial Settlement Center is a centralized financial management and control based on the needs within the group set up for members of the Group for financing and clearing business to reduce capital costs and improve service efficiency in the use of funds. Settlement Center is a centralized financial services within the Group, not business units, neither branches nor subsidiaries, is a fund management functions, not for profit, and its focus on services for the business services group. Centralized financial clearing center's main task is to members of the Group companies for settlement and financing. Here include the cash settlement and clearing of funds transfer and settlement, financing, including the name of the enterprise group of external financing and the members of the Group's internal financial intermediation between enterprises. Funding limit the scope of settlement and facility members of the Group companies. Choice of centralized financial clearing mode is essentially a centralized or decentralized enterprise group management strategies to the embodiment, is characterized by its industry and enterprise groups operating rules of funding decisions. Centralized financial settlement is the extent of centralization and decentralization of the financial focus on the basic strategy of clearing the problem. Highly centralized control strategy funds of funds enabling centralized control and unified deployment, but not conducive to play the enthusiasm of member enterprises. Member companies in over-reliance on the enterprise group of funds, if necessary measures are not in place, may affect the fund's turnover rate, affecting their ability to respond to the market. For a single species management, cash flow stability, a relatively fixed funding chain of upstream and downstream enterprise group, it can be a higher degree of preferred centralized centralized fund management strategy. Less centralized control strategy of the funds will help to mobilize the enthusiasm of member companies, but is difficult to avoid dispersion of funds, funds with low precipitation large proportion of funds, the inherent shortcomings of higher cost of funds. For the diversified enterprise group, or not very stable cash flow industry, in order to be able to operate normally, usually in less centralized centralized fund management strategy. Enterprise groups only according to their actual situation, specifically the degree of centralized control of capital management, enterprise groups to make money together and die, divide and leave and efficient, orderly and dynamic balance. Under the management of the different levels of centralization and decentralization as well as laws governing the operation of the different sectors of funds, fund management can be divided into the following pattern: (a) based on in-house bank clearing center its methods is the lower level units (including branches, subsidiaries and other secondary units) all the revocation of their various types of bank settlement accounts opened (retaining only the basic account to use as a routine expenses), united in the settlement center opened settlement accounts; clearing house on behalf of the Group in the bank settlement accounts opened only. Occurrence of each subsidiary business expenses for financial settlement center first payment procedures, and then by the Financial Settlement Center will enter the lower levels of expenditure required to the basic unit of account. Which the revenue business, their income into the financial settlement center first opened in the bank clearing the unity of families, then the revenue from the financial settlement center of the corresponding secondary units included in the financial settlement center opened settlement accounts. (B) the establishment of clearing house based on banking network settlement and the Subsidiaries are in the designated bank accounts. Settlement and account management of the subsidiary entered into an agreement, the bank clearing house under the agreement authorized the use of bank account network management of the subsidiary; Settlement Centre can at any time the company plans to allocate funds within the capital accounts of all subsidiaries, the use of funds can also be spot checks at any time situation. Depending on the account management model is divided into the following two: 1. Household managed settlement center and the designated bank subsidiaries in the income and expenditure, respectively, to open accounts. Subsidiary revenue account only accept why he did not, expenditure account only support charge. The funds required each subsidiary from the income account by the clearing house expenditures allocated to the subsidiary accounts, the subsidiary income through the bank account funds automatically transferred to the clearing house network. 2. Settlement center positions managed and the subsidiaries in the designated bank to open a settlement account (also available at the same time income and expenditure account opening), a subsidiary of the income and expenditure growth through automated banking networks by clearing house bank account deposits. Bank account under an overall control of clearing house, clearing center management subsidiary of the funds income and expenditure account, a subsidiary of funds required by the clearing house payment of funds and expenditure plans based on time allocated to the subsidiary; subsidiary needed funds, through network at any time make additional applications to the Settlement Centre. Second, the establishment of the need for centralized financial settlement center capital penetration in the enterprise group as if the blood of every organizational level, the operation constitutes a criss-cross network. However, capital management, enterprise group members face Sufficiency or Lack of enterprise fund balance; member companies clearing transactions between banks through an external, resulting in a lot of money circulation; Group, a subsidiary headquarters can not effectively monitor the funds to pay; can not quickly grasp the Group as a whole capital stock, flow, flow; members of the corporate financing, investment decisions are not standardized and so on, directly affect the Group's capital campaign effectiveness, efficiency, restricts the ability of enterprise groups, market entry and competition in the follow-up support capability. In a financial settlement center set to enable businesses to play the following advantages: (a) trickle plot a little money doing big things usually multi-industry enterprise group, multi-level corporate enterprises and their branches formed unincorporated. With the continued large-scale enterprise groups of the form enterprise groups increasing number of enterprises or institutions, the distribution of the geographic scope has been expanded, cross-sectoral, regional or even multinational group appeared in large numbers. Member companies of enterprise groups or organizations will set up the beginning of the most open bank accounts in local banks, the capital settlement. Enterprises in these members will be more or less retained in the bank account balance of some money. Scattered deposits in various enterprises,[link widoczny dla zalogowanych], from a single account, the general is not great, not big things, but the group level, it may be a substantial amount of funds to meet the funding needs of the larger . Another perspective, as member companies of enterprise groups located in different industries, different regions, the development opportunities they face, there may be different. This can make the part of the business development opportunities as well, the business has grown rapidly, there a shortage of funds; another part of the enterprise as business grew steadily, there a large amount of balance. Implement centralized management of group funds to effective use of the whole group of stock funds. By the Group Settlement Center (internal banks, finance companies) (the same below) on behalf of the Group to establish a unified external bank accounts in the bank, members of the business center in the Group balance sheet accounts, not only to retain the external bank account or by the Group to retain control of the external bank clearing center secondary accounts or sub accounts. Group, the Group can effectively manage all stock funds. Fund balance of the members of the Group Settlement Center companies can invest the funds within the group of capital and other members of the business for investment income, capital intensive enterprises can obtain financial support group to better grasp the opportunities for development. Centralized management of funds implementation of the Group member companies within the group between the investment and financing easier. Member companies within the Group's investment and financing behavior of enterprises can not individually negotiated between the two member companies, fund balances of the Group companies just settlement center in the length of the equivalent of demand deposits into time deposits during its idle funds, and capital intensive member companies only need to apply for an internal settlement center business loans, through the daily operations of the Group Settlement Center can handle; also be consultation by the two companies have reached an agreement through the Group entrusted loans for settlement center, eliminating the external bank loans necessary to carry out a large number of cumbersome procedures and financing costs. From the group level, the whole group of all enterprises in centralized management of the bank balance be able to set a little money doing big things. (B) Shoulong fingers good credit, financing a business is not easy to the long-term full use of its own capital to stay in business, especially such as the flow of coal transportation companies, often run out of cash shortage. They more or less need to banks, suppliers, customers, the development process to raise their operating funds required for the production. Financing capacity of enterprises depends on their solvency, while its earnings, asset management and market development opportunities and to some extent. Typically, individual members of the company's solvency will not be greater than the solvency of the whole enterprise group. Strong solvency of its member companies have opportunities for development may not be in the best period of their earning power, capacity development, there are some shortcomings, so its not very strong fund-raising ability. On the contrary, there may be some members of the enterprise is a new start businesses, they are faced with great opportunities for development, there is no burden of earning capacity, development capacity is very good, but it may be very high proportion of assets and liabilities, solvency, weak, etc. other reasons such as these, if used alone with each member of the corporate financing difficult to achieve a better way of funding results.