Research On Centralized Management Mode Of Funds In Guizhou Y Hydropower Development Limited Company Based On Cash Pool

To improve the efficiency of capital use and reduce the operating cost of enterprises is the guarantee of continuous operation of each enterprise.Enterprises should pay attention to fund management,so that they can develop continuously.Because the capital chain of enterprise group is complex and the fund management is difficult,it is difficult to control the operation of capital flow and aggravate the financial risk of the group.In early 80 s,a new type of horizontal economic organization--group dimension in our country was born,to change the development process by the centralization of power decentralization,China group had a lot of funds dispersed,financial control,asset loss experience in fund management.Until now,many of our group companies are lax in the centralized management of funds.At present,the decentralized fund management method has been unable to adapt to the continuous improvement of information technology and internationalization of China's group companies,the group's fund management problems have seriously restricted the healthy development of the group.Funds are the blood of enterprises,and strengthening centralized management of funds helps the group companies to reduce the cost of financing and investment risk,and improve the efficiency of the use of funds of group companies.And in the economic environment of our country,the SASAC has repeatedly stressed that the group operation of central enterprises through centralized accounting,financial control and financial decision-making to achieve financial resources and integrated management.The application of centralized fund management theory,through the comparative analysis of the advantages and disadvantages of the existing fund management models,in Guizhou Y hydropower company funds management status,analysis characteristics and capital management on the basis of demand,try to choose the advanced cash pool fund management mode into the Guizhou Y water power company,construction of centralized management system of funds based on the cash pool.The key part of the system is the management of cash pool centralized account management,entrusted loan management,cash flow budget management,fund settlement process,financing and capital management.In order to ensure the smooth implementation of the system,the group also needs to improve the level of capital management information,strengthen the construction of related systems,establish and improve risk prevention and control system,and build efficient and professional financial personnel.Through the construction of cash pooling fund centralized management system and the implementation of safeguard measures,it can effectively help solve theproblem of low efficiency of fund management in the development of Y hydropower company in Guizhou.