Research On Cash Pooling Management Of Y Group Company

With the continuous progress of economic globalization and regional economic integration,large group companies of cross-regional and even transnational nature continue to appear.Because the enterprise groups in our country generally adopt the multi-level legal person organization structure,the funds within the group are in a state of dispersion.The feedback of cash flow information obtained by the group lags behind,which is not conducive to reducing the risk of fund management and giving full play to the efficiency of the use of group funds.In this context,many domestic large group enterprises began to pay attention to the "cash pooling" model rising in foreign countries at the end of the last century.It is a kind of financial innovation product of cooperation between large enterprise groups and commercial banks,which can not be restricted by the region.At the same time,group enterprises can also rely on it to achieve the purpose of centralized allocation of funds,reduce the cost of capital,monitor the use of funds and give full play to the overall advantages of the group.Because the "fund pool" mode is flexible and changeable,it needs to rely on the specific company to carry on the research,so selects Y Group Company as the case object,carries on the analysis to its existing fund management mode.Based on the analysis results,this paper summarizes the problems and causes of fund management in Y Group Company at present.On this basis,it is proposed to introduce the cash pooling management mode,and the necessity,feasibility,objectives and principles of introducing thecash pooling management mode into Y Group Company are expounded one by one.In response to The existing fund management basis,industry characteristics and regional characteristics of Y Group Company are designed to design the key business scheme of cash pooling management mode,and the countermeasures and safeguard measures of Y Group Company to implement the cash pooling management model are put forward.This is of great practical significance for Y Group Company to improve the efficiency of internal capital use and strengthen the ability of capital risk control.