The Four Functions Of Enterprise Capital Settlement Center In Financial Management

　　 I. The establishment of the settlement center strengthened the group company. cash flow Management

The most basic function of the settlement center is internal settlement, which is the basis for capital settlement and capital management by opening internal accounts. On the one hand, it is easy to control and schedule management through the centralization of accounts. On the other hand, it is to improve the speed of settling accounts and the speed of collection of income funds. For the various units of the unit to handle various settlement business, the former units are contacted with the banking business separately for the purpose of unified contact with the bank through the settlement center, which not only facilitates the settlement of each unit, but also improves the financial work efficiency. China Railway fifteen bureaus group set up a capital settlement center at the end of 2004. By the end of 2005, only a year or more, it has achieved great success in centralized fund management and effective operation of funds. Through the settlement center set up the concept of "where money flows, where management is closely followed", cash flow management runs through all aspects of enterprise management, attaches great importance to the payment risk and liquidity risk of enterprises, and strictly controls the cash flow. We must strictly manage the cash flow generated by business activities, investment activities and fund-raising activities, establish the guiding ideology of capital management, focusing on cash flow and focusing on capital monitoring, clarify the central position of cash flow management in enterprise management, and establish a scientific fund management mechanism. Through the prediction and analysis of cash flows and the key points of cash flow, we can realize the dynamic balance of cash flow under the premise of guaranteeing the ability to pay, and ensure the quality of net income of enterprises.

　　 Two. Settlement center The establishment has strengthened the consciousness of capital management and made good use of sedimentation funds.

　　企业资金紧张的原因主要有四个方面：一是由于所属各单位资金的盈余与短缺程度各有不同，又没有协调统一的机制，不能及时调整资金余缺，再加上集团各单位没有采取有效措施调剂内部沉淀资金，造成多数单位资金紧张;二是业主拖欠工程款严重和履约保证金支付比例越来越高呈普遍现象，造成资金紧张;三是随着市场竞争的加剧以及当今各个领域工作效率的进一步提高，使市场的竞争在很大程度上依赖资金的到位情况与资金的周转速度，特别是施工企业更是如此，在任务承揽、设备物资采购等诸多方面都离不开资金的按时足额到位;四是在目前广泛推行采用建设、移交(BT)或建设、运营、移交(BOT)等多种资本运作模式进行基础设施建设的形势下，使集团公司加大了资金集中使用力度的需求。 The settlement fund of the settlement center is mainly used to make up for the shortage of the above demand in the short term.

The settlement center adopts the way of deposit taking into account the various internal groups. Accounting unit Temporarily idle and dispersed funds are concentrated, and then allocated to the accounting units in the group which need capital in the form of loans, so as to realize the mutual shortage of funds in the group. By assisting the return of capital and fund dispatching, the group participates in the management of the lower level enterprises at a higher level and strengthens the capital operation of the group. In the past, the subordinate units needed money to reach out to the higher level companies instead of considering the benefits of their funds. After implementing the settlement center loan system, the accounting units were promoted to improve their understanding of the time value and cost of capital, pay attention to economic accounting, reach a consensus on rational and effective use of funds, and at the same time effectively strengthen the links with other member companies of the group company, which is conducive to giving full play to the overall advantages of the group.

Through the group's internal financing, the clearing center revitalize the stock fund and improve the efficiency of fund utilization. Under the same investment and production scale, the demand for banks' funds has been reduced, especially the long-term credit can be reduced, thus reducing the interest paid by the group on foreign loans. The group can use short-term credit to meet the long-term use of subordinate enterprises, reduce the risk of high debt management, enhance the vitality of enterprises and improve economic efficiency. For example, in 2005, the capital settlement center of China Railway fifteen bureaus group adjusts funds for all units and solves 81 million 340 thousand yuan of temporary working capital, saving commercial banks' interest on loans by about 500000 yuan. To a certain extent, it alleviated the tension of group funds and facilitated customers, which played a great role in group production and operation. Obviously, the importance of capital settlement center in financial management.

　　 Three, through the settlement center to achieve the financial control of the group members to their members.

The centralized control of capital through the control of financial resources is the inevitable result of the centralized system. Centralization system is the preferred mode of financial management in China's enterprises. Strict financial management and centralized control of funds are the only correct financial concepts. As a successful company, it must be strict, standardized and unified financial management as the precondition. The finance of a group company has strong control over its subsidiaries and project departments, so as to realize the scale benefit of capital operation, and to understand the tension of fund raising, capital operation and cost control within a certain scope. At the same time, group companies can centralize funds from departments and subsidiaries, allocate them to their internal units according to strategic needs, solve the surplus and shortage of funds, improve the efficiency of capital operation, and achieve maximum economic benefits.

China Railway fifteen Bureau Group has many subordinate units, many departments, and good and bad. How to effectively monitor the operation and operation of enterprises at all levels within the group, especially the operation of funds, to ensure that their business practices are standardized, safe and efficient, is a problem that the group is trying to solve but is very difficult to solve. Through the settlement center, the capital receipts and payments of all units within the group are handled through the settlement center. The center conducts a review of the compliance, safety and efficiency of the incoming and outgoing funds of various enterprises, and supervises the corresponding plans and contracts, so as to ensure the rational use of funds. Regular and irregular ways are adopted to check the income and expenditure of the internal units' monetary funds, and the problems are promptly dealt with according to the punishment authority. So that the operation of the funds of the units in the group is completely placed under the supervision of the group.

　　 Four. The establishment of the settlement center has established a correct relationship between banks and enterprises and enriched the financing channels of the group.

Due to the close ties between various subsidiaries and command offices and different banks in the locality, affected by the limitations of their industries and their own interests, it is very difficult for banks to coordinate with different banks when there are problems with settlement banks. In addition, the bank settlement business still stays in traditional receipts and payments business. Banks do not coordinate and supervise any problems such as refusal of payment, delay in payment, non execution of settlement documents, and excess of authorized expenses. It is difficult to reflect the general idea of the group company and to safeguard the legitimate rights and interests of all parties fairly. After the settlement center has been settled and unified monitored, the settlement center has become an important customer of the bank, making it more detached and flexible when dealing with banks, and is more conducive to safeguarding the overall interests of the group company. In particular, it is easier to form a competition situation when concentrating on several banks' opening accounts. When the problem of pressure sheet and pressure reduction occurs in the settlement, the settlement center actively finds relevant banks to coordinate, and warns the banks that have failed to make corrections and refuses to correct them until the withdrawal of households is processed. At the same time, it objectively creates pressure on banks, so that all internal units can use money and repayment freely. Taking the capital settlement center of China Railway fifteen bureaus group as an example, in recent years, as the group's engineering contracting and output growth have been developing by leaps and bounds, the capital flow generated by the accumulation of capital and profit growth is far from meeting the overall needs of the group's operation. Especially in the aspect of bank guarantee business, with the continuous increase of the tendering and bidding of group companies, the volume of various kinds of bank guarantee business has also been increasing. Due to its detached status, all kinds of banking business has gone smoothly, which has satisfied the needs of construction production and undertaking tasks well.

Practice has proved that the establishment of the capital settlement center has promoted the development and management level of the production and operation of the group company. It has played a good role in strengthening capital management, unified fund scheduling, speeding up capital turnover and improving the efficiency of capital operation, and is the necessity of the reform and development of enterprise capital.