Research On Accounting Business Process Reengineering Of China Merchants Bank

After China’s accession to WTO, the transition period has ended. China’s financial sector has been opening to the outside world. In a more market-oriented environment, as the core of China’s financial sector, China banking is face with the competition from foreign banks. Since2005, in response to fierce market competition and changes in market demand, based on the development of IT, China banking began to explore the building of "Process Bank". China Merchants Bank initiated "The Second Transformation" and implemented the "One Bank" strategy. Through effective BPM, the barriers of the department are broken completely in each line business processes, to provide customers with the whole process and integrated service, which is the real "One Bank" service. Accounting business processes is the core business processes of the commercial banks; accounting business process reengineering can improve service and efficiency, control risk, and reduce costs.Referencing the advanced accounting operating theory of domestic and foreign commercial banks and the experience of the success practice of bank business process reengineering, setting the China Merchants Bank as the study subject, using the theories and methods of BPR, this paper analyze and study comprehensively on the aspects of the reengineering method, the implementation process and the expected results evaluation of bank accounting business process reengineering. This paper firstly summarized the domestic and foreign literature of BPR, elaborated the necessary theory of BPR, to lay a theoretical foundation for further study; Then based on China Merchants Bank development strategy and the Process Bank construction, analyzing the conceive and plan of China Merchants Bank accounting business process reengineering; Under the guidance of the basic principles of China Merchants Bank business process reengineering, introduced the technical support from IBM, analyzing and diagnosing the traditional accounting business processes of China Merchants Bank and founding problems, radically re-designing the accounting counter business process and organizational structure; Then elaborated the implementation plans and safeguards of accounting business process reengineering, to explore the changes of the risk controlling factors which brought about by the new process, Finally. evaluating the expected effect of the China Merchants Bank accounting business process reengineering.