| Pay deposits management in our country is divided into two parts:general deposit and public financal deposit. General deposit is the reserve against deposit. Public financial deposit mainly include national treasury money, government financial money, and other special public funds etc. Payment ratio of general deposit (deposit reserve) is regulated by the central bank according to current economic situation.However, public financial deposit is turned in completely (100%).The pay deposits management business of People's Bank of China(PBC) is to management all other financial institutions, and the business process of PBC is related to the other banks'business process. The existing pay deposit process is based on manual processing with low efficiency and high error ratio, which influence the management efficiency of PBC for central bank funds and the liquidity of national funds market. Especially after years of process engineering and the widespread use of the information processing business in banks, the central bank's pay deposit manual processing is more and more inefficient and out of date.Through the analysis and research on the problems and disadvantages of existing processes of PBC's deposit management, with process reengineering and information technology, this article analyzes and discripes in details on pay deposit management process improvement, reengineering process and specific technology.This paper is divided into six parts. The first chapter is the introduction on research background, significance,purpose, and research literature review. The second chapter overviews the related theory of process reengineering and the existing process of deposit management in PBC. This parts starts from the origin of·process reengineering,introduces the basic theory and the importance of of process reengineering for banks and central bank. Based on this, it gives a detailed introduce on pay deposit management of PBC and a detailed analysis of each link of pay deposit process. The third chapter is about the contrast of existing pay deposit process to the improved pay deposit process made by the author. It compared the original process and the improved process in several aspects such as the data report, data check, aggregate balance calculation, vouchers printing and pay deposit scope adjustment. Chapter 4 of article is about the realization of improvement techniques of the process. First, there is a overall analysis of new process, and then a specific introduce on the system structure, key technology and function realization. Chapter 5 is benefit analysis. Based on the datum of nearly two years before and after process improvement (the deposit management system has been put in practice in Shandong province),the article give a statement about economic benefits and social benefits of process improvement in the monetary policy transmission efficiency, pay deposit management work efficiency and accuracy of the data. Chapter 6 is the conclusion of this paper. Based on the summary of process improvement in deposits, the conclusion is:the pay deposit management process improvement is not only necessary but also feasible in PBC. It has made some success in Dezhou city,Shandong province, and it is worth to be promoted nationalwide. The process reengineering theory is of great significance for the central bank's improvement in the efficiency of management process.The innovation of this paper is the brand-new improvement of deposit management process of the central bank and the discussion of improved results in detail,by using information technology based on the analysis of current situation of management and process reengineering. So far, pay deposit process improvement in PBC Dezhou Branch,Shandong is a kind of creative work within the central bank system, and is in the forefront in our country. The PBCJinan Branch has made the advanced experience of Dezhou applicated in Shandong province within the central bank system.Through this paper, we hope to further promote the improvement of the central bank's management process and improve our central bank's exercise efficiency of monetary policy. |
