Research Of Centralized Funds Management In Liaoning Telecom And The Optimization Of Centralized Management System

As the foundation of the survival and development of enterprises, capital control has been becoming one of the core content in business management. The enhanced funds control mode and the efficient operation has also became more and more important. However, the problems such as inefficient using fund, inadequate monitoring and Decentralized management system are commonly existed in the domestic large enterprises. From the history of the successful enterprises, it is an efficient method to strengthen capital control and improve coordination and sharing ability, except the implementation of centralized funds management. With the help of the rapid development of network information technique, through centralized funds management, it is feasible to standardize the whole procedure of raising, monitoring, managing and supervising funds. The maximal efficiency in the use of funds is achieved by the same time.This article starts from introducing the concept and development path of international and domestic centralized funds management, as well as the shared service theory of accounting. Through introducing the current situation of China Telecom Liaoning Company under centralized funds management, this essay analyses the problems of centralized funds management in provincial level after the launch of shared service centre, and provides the constructive proposal about the funds management system. Due to the fact that the financing authority of Liaoning Company is controlled by the headquarter, this article mainly focus on bank accounts management, monitoring platform, the cash flow budget control, financial revenue and expenditure control, financial analysis and management five aspects, and provides the introductions about the detailed implementations.Through a series of suggestions on optimization of the centralized management system in Liaoning Company, it is possible to achieve the adjustment of capital surplus and deficiency, therefore, improve the efficiency of capital turnover. By establishing benefit-orientation and the rational allocation of resources, the capital risk will be reduced even avoided, achieving the scale effect of capital operation, Liaoning Company would optimize management, improve the comprehensive enterprise management level and the overall economic benefits, therefore, enhance core competition ability of the company.