Case Study On Financial Integration Reform Of Electricity Fee Business In S Power Supply Company

Since 2015,the CPC Central Committee and the State Council issued several opinions on further deepening the reform of electric power system,power grid enterprises have launched a new round of market-oriented reform of electric power industry.The system advantages and industry monopoly position of unified purchase and marketing have been gradually weakened.In addition,the competition in the energy market is very fierce,and the penetration of various alternative electric energy sources has a relatively strong impact on the electric power sales of power grid enterprises The great impact leads to the overall external marketing environment of power grid enterprises is not optimistic.In order to optimize internal management,reduce costs and increase efficiency,in July 2015,State Grid Corporation of China issued the notice on comprehensively promoting the construction of the integration of business and Finance(SGCC [2015] No.696),which started to promote the reform of the integration of business and finance in the marketing department,and in June 2018,it started to promote the deep and lean integration of business and finance under the multi-dimensional benefit management system.Based on the normative analysis of the industry finance integration,this paper systematically combs the background and measures of the industry finance integration reform of s power supply company under the State Grid Corporation,analyzes the current reform results and existing problems,and puts forward countermeasures and suggestions for further deepening the industry finance integration reform.The paper is divided into six chapters.The first chapter is the introduction.Based on the description of the research background and significance of this paper,this chapter analyzes the domestic and foreign research literature on the integration of industry and finance,and introduces the research content,framework,methods,innovation and shortcomings of this paper.The second chapter is the theoretical analysis part.Based on the introduction of the basic connotation and attribute characteristics of industry finance integration,this part analyzes the realization path and theoretical basis of industry finance integration.The integration of industry and finance takes information technology as the realization path and real-time sharing of business and financial information as the center.The goal is to achieve the mutual cooperation between business and finance,complete the planning,control,evaluation and other management activities of the enterprise,give full play to the synergy effect,and achieve the goal of maximizing the value creation of the enterprise.The basic target orientation of industry finance integration is the transformation of financial department from manager to server,from post accounting and reflection to prediction and guidance in advance,and from financial accounting to management accounting,which has the attribute characteristics of whole process,timeliness,control and integration.The reform of industry finance integration must go through accounting process reengineering,business process reengineering,building information integration platform and building data warehouse.The theory of business process reengineering,organizational change,coordination and resource allocation provide sufficient theoretical basis for the reform of industry finance integration.Chapter three to chapter five are the case analysis part.This part briefly introduces the background,goal,course and main effect of s power supply company’s industry finance integration reform,and puts forward improvement suggestions for the main problems faced by the industry finance integration reform.As a city level non entity power supply enterprise,s power supply company does not take profit maximization as its business objective.The focus of industry finance integration is the integration of the electricity charge collection business of the marketing department and the financial department.As s power supply company’s marketing and financial system are disconnected,it can’t meet the needs of financial management and control,the application system between business and financial departments is quite different,it can’t meet the needs of data sharing,and the data information between business and financial departments is quite different,it can’t meet the needs of scientific decision-making,so the reform of business and financial integration is imperative.Since 2015,according to the unified deployment of the headquarters of State Grid Corporation of China,the industry finance integration reform of s power supply company has been divided into two stages.In the first stage(July 2015 June 2018),the main goal of the business finance integration reform is to achieve a high degree of integration of marketing and financial business and the connection of practical operation process.Through the unified business process,main data,business rules and the establishment of long-term operation mechanism,the unified and standardized business management and financial accounting rules are established and implemented to achieve the systematic improvement of marketing and finance And integration.The second stage(from June 2018)is to build a multi-dimensional lean management system,which is based on the reform of the integration of business and finance,with the realization of the three-dimensional multi-dimensional value information reflection system composed of accounting subjects and management dimensions as the core,unifying the cross department master data standards,standardizing business management rules,making the business finance process and system breakpoints,promoting the co construction and sharing of business finance information,and realizing the business finance Information automatic flow,promote the management reform and optimization of the company.After a period of practice,the reform of s power supply company’s industry finance integration has achieved preliminary results.First,improve the current situation of the separation of business and finance,improve the accuracy and timeliness of obtaining financial information;second,improve the docking mode of marketing and financial system,fill in the loophole of the lack of the electricity bill Sub Ledger,and improve the preciseness of financial accounting;third,realize the intensive management of the municipal and county electricity bills and financial departments,and improve the efficiency and accuracy of work;fourth,the timeliness and accuracy of the confirmation of electricity bill revenue are obtained Promote.At present,the main problems in the reform of industry finance integration are as follows: firstly,the environment of accounting information system is more complex,and there are still loopholes in the marketing SG186 system and financial control system;secondly,the transformation of financial functions is not in place,and the ability of financial control needs to be improved;thirdly,the business departments are lack of participation,and the responsibility of industry finance integration is not fully implemented;fourthly,the industry finance process under the multi-dimensional lean management system exists Breakpoint,short-term difficult to cover.Further promote the reform of industry finance integration: first,further strengthen the internal control to plug the loopholes in the management of the business finance system;second,change the financial functions and improve the financial control ability;third,cultivate the industry finance cross-border thinking and industry finance integration culture within the company to enhance the participation of the Department;fourth,compatible with the multi-dimensional management system to promote the deep integration of industry finance;fifth,improve the performance appraisal system,and finally Reward and punishment mechanism of good business and financial integration.The sixth chapter is the conclusion and prospect.The case analysis draws the following conclusion: industry finance integration is an effective means to improve the internal management level of enterprises,which has been further verified in the power supply industry.However,in order to achieve success,the financial integration reform must consider the characteristics of different industries and reflect the characteristics of the industry.As the reform of industry finance integration needs to rebuild accounting and business process,build information integration platform and build data warehouse and many other aspects,it needs the joint participation of multiple departments and the cultivation of enterprise culture atmosphere of industry finance integration.It is a complex system engineering,which is difficult to achieve overnight,and needs to be gradually promoted in stages.Looking forward to the financial integration reform of s power supply company,the follow-up research mainly focuses on two aspects: first,follow-up research on the financial integration reform of the electricity fee business;second,research on the expansion of financial integration in the fields other than the electricity fee business of power supply enterprises to build a complete system of financial integration of power grid enterprises.