Researching For Improving The Financial Management Mode Of HAIMO TECHNOLOGIES Overseas Subsidiaries

As it is an effective way to realize the economic benefit of Group companies through Financial management, Financial management can decide the working direction of company to a certain extent. Only when we have the correct understanding of the status of Group company financial management, get the clear relationship for internal structure of Group companies, get the related system as guarantee, get the support by scientific management model and well execution, then we can improve the financial management leave and achieve the continuous development of the group company. For Group company financial management, The core is for the branch company, because there are always many different kinds of branch company. As the different business situation and specialty of branch companies, the corresponding financial management modes and control methods need to be considered.On multinational corporations, as the overseas subsidiaries with the cultural background of the country, the level of economic development,legal environment, and political systems and other factors, the environment is complicated relatively for the financial management. At the same time compared with domestic companies, they face more diverse business environment, operational risk also vary. Choosing financial management model, which is placed in front of multinational management of the most important issue that must be addressedHAIMO TECHNOLOGY is one of the private high-tech enterprises who are the earliest implementation of the" going out" strategy, it entered the international markets and set overseas branch in the early of this century. With the overseas markets expanded and overseas subsidiaries increased, it is more and more difficult to execute impeccable financial management. Now the top important task in HAIMO financial management work are how to increase the management efficiency of Haimo overseas subsidiaries inside HAIMO group overall strategy framework, and Ensuring same target between the overseas subsidiaries and head office from strategy target and assets using direction side.The writer work for financial management in HAIMO in the past years, experienced and witnessed the process that HAIMO made foreign investment and overseas operations during the past10+years. After surveying and researching the local business environments and operating characteristics of the overseas subsidiaries, and analyzed the existing problems, the writer explored the solution of the problems,studied and proposed a suitable financial management model for HAIMO overseas subsidiaries to enhance the overall financial management level of HAIMO group.