How to establish financial management system?

“How to establish the financial management system of an enterprise?” When we hear such a question, there is no doubt that there is a sense of substitution immediately. Such a thing is usually done by the manager of the finance department. Generally, the financial management system of an enterprise with a sound organizational structure is formulated by the financial department, approved by the general manager, approved by the board of directors, and finally filed and promulgated by the administrative department. Small enterprises have many exceptions because of different structures. So let’s first look at a sentence in the template financial management system, maybe we can find some important value content.

“In order to strengthen the financial management, standardize the financial work, promote the development of the company’s business, promote the optimal combination of the company’s resources, take improving economic benefits as the business objective, take social responsibility as the responsibility, in accordance with the accounting law of the people’s Republic of China, accounting standards for business enterprises and other relevant national financial management laws and regulations and the articles of association, in combination with the actual situation of the company This system is hereby formulated and strictly implemented and abided by by all departments. ”

Perhaps, intangible for the development of enterprise financial management system clear some important directions, such as: laws and regulations, the actual company, strengthen management, resource optimization, economic efficiency improvement and so on. It is the direction of formulating the financial management system of the enterprise. In this case, we might as well have a deep understanding.

First of all, we should understand the principles of formulating the financial management system of an enterprise, and follow the principles of legality, integrity, pertinence, consistency, adaptability, applicability and development. So, with the principles in place, what aspects should we focus on? It mainly focuses on the following five aspects: production and operation management with budget as the center; non production expenditure with period expense and technical transformation management as the center; enterprise management system with index assessment as the center; cost management with link control as the center; financial management with fund management as the center.

It also talks about the comprehensive budget management system, internal control management system, cost management system, financial information management system and financial accounting team management system of financial management. Of course, the above are mainly principles and methodology. How to implement them in general? Or that sentence: combined with the actual situation of the company!

Therefore, we mainly use the general situation to briefly explain that the framework of enterprise financial management system is mainly built by: General principles → post responsibilities → accounting file management → expense reimbursement → expense approval → collection and payment settlement. Then follow this structure to standardize the details of the process. However, with the rapid changes of the times, new things, new problems and new changes are all the factors that lead to the change of management system. The problems and contradictions come again. Can the financial system after that meet the rapid changes of the times and the rapid response to the market?

Of course not! How to solve the problem? Financial management software, such as the financial management module of SAP ERP, can be used to realize the financial management of enterprises. The advantage is to optimize the traditional closed and single accounting financial management information system to the integrated, accurate, real-time and decision-making financial management information system based on ERP. According to the requirements of financial management system to strictly control all aspects of finance, in short, it is to realize the comprehensive management of financial process through technology, of course, not only the finance and the enterprise activity process associated with finance have realized the comprehensive integration and control, the purpose is to make the enterprise financial management more scientific, integrated, intelligent and networked.

Finally, no matter the size of the enterprise, no matter the state-owned enterprise or the private enterprise, the formulation of the financial system must be based on the national laws and regulations. At the same time, it is also necessary to combine the actual situation of the enterprise itself, so as to effectively strengthen the internal supervision, standardize the behavior, prevent the business risk and increase the enterprise benefit. This is the core value of enterprise financial system.

For a more comprehensive understanding, consult the acloudear — SAP partner.

This article "How to establish financial management system?" by AcloudEAR. We focus on business applications such as cloud ERP.

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