Research On The Receipt And Payment Settlement Process Improvement Of Dong Qilin Automobile Company

In the value chain of modern enterprise,receipt and payment settlement business with the capital management function to support the enterprise should not be despised.For a large automotive company,receipt and payment settlement business is not simply the operation of receipt and payment,which is more like a center of cash flow,connected every aspects of enterprise's fund operation.The receipt and payment settlement business requires high accuracy,and its efficiency usually becomes a key advantage of the enterprise.This Dong Qilin Automotive Co.Ltd.Studied is a sinoforeign joint venture,with the rapid development and expansion of sales,the business scope of departments is also diversified.With the sharp increase of business quantity,the pressure of much receipt and payment settlement business is also amplified.Although the functional departments constantly complete their process of internal controls,there are still some deficiencies which cause risk in the process of receipt and payment settlement.As one of the large automotive sino-foreign joint ventures,the cash flow of Dong Qilin Automotive Co.Ltd.is extremely large,for which the management efficiency and risk control is particularly important.With the development of the times,innovation is more than endless struggle.The fixed process must be steadily improved with the changing of the times depending on scientific and technological progress.Process improvement cannot be accomplished in only one day,but in discovering problems,analyzing problems and solving problems,then set out the rules.The problems not only generate the process,but also promote the improvement of the process.Based on the discussion of the problems found in the process of receipt and payment settlement of Dong Qilin Automotive Co.Ltd.,extended analysis was made in the exposed weakness point of internal control.According to the analysis,the defects of internal control and the risk in the key link of the process of receipt and payment settlement were concluded.Finally,based on the above research,to complete the existing system of receipt and payment process,measures both with effective and preventive were suggested to prevent the risk in the crucial points of the receipt and payment settlement process.To the full extent permitted by law and regulation,this paper focusing on all controllable risk points of the enterprise,simplify the business process while reducing the influence of risk to an acceptable range.Meanwhile,the company should keep creative and enterprising,assimilate the present advanced information technology with an irresistible trend,introduce the bank-corporate direct connection system at proper time,which will optimize the receipt and payment settlement process dynamically and make it the key advantage of the company.