On April 21, under the guidance of the Ministry of Finance, sponsored by "New Money" magazine, and co-organized by UFIDA and other units, the 17th China CFO Conference "Leading by Digital Financial Intelligence" was successfully held in Beijing! Industry experts, authoritative scholars, and many financial leaders from well-known large enterprises such as central state-owned enterprises gathered together to participate in the top event in China's CFO field, and to appreciate the coronation of "2022 China CFO Person of the Year and Gold Medal Board Secretary".
Big data, blockchain, artificial intelligence, digital twins and other new-generation information technologies are like strong winds, urging Haohao Tangtang to embark on the road of digital and intelligent transformation. In the era of digital intelligence, globalization and intelligence are changing the business form and financial management mode of Chinese enterprises in a unique way. The more the economy develops, the more important accounting becomes. As the innovation pioneers of enterprises, what kind of attitude should the CFO group take to face the digital transformation of enterprises and share the mission and responsibility of building the "Digital China" era shoulder to shoulder has become the focus of common discussion among CFOs.
The blueprint of "Digital China" is driving the large-scale birth of the new paradigm of "Digital Intelligence Enterprise". Luo Xiaojiang, vice president of UFIDA Network, mentioned in the sharing: becoming a digital intelligence enterprise needs to be comprehensively promoted from customer orientation, ecological co-prosperity, employee momentum, real-time perception, data drive, and intelligent operation. Financial reform has become the only way for digital intelligence enterprises. Smart accounting and value finance have emerged in response to the situation, and at the same time, they have also promoted the multiplication of corporate finance's ability to reflect, protect, discover, and create value.
The annual "China CFO Person of the Year Selection" is the most influential and credible selection activity in the field of financial management in China. Leaders from the Ministry of Finance and relevant ministries, experts and scholars in the industry, and CFOs of large enterprises form the judging committee, which adheres to the principle of "fairness, impartiality, and openness" and conducts recommendations and evaluations in strict accordance with relevant procedures to ensure the authority, professionalism, and impartiality of the selection. New Financial Magazine is the only national-level professional journal approved by the Ministry of Finance to hold CFO industry selection activities. It is supported by China Finance and Economics Database and a top expert team. It has the latest and most authoritative interpretation of fiscal and taxation policies and market analysis. The Ministry provides successful practical cases and policy recommendations, which have a strong influence. As of 2021, nearly 200 outstanding CFOs have emerged from here.
In February 2022, the 24th meeting of the Central Committee for Deep Reform reviewed and approved the "Guiding Opinions on Accelerating the Construction of a World-Class Enterprise". In March of the same year, the State-owned Assets Supervision and Administration Commission of the State Council issued the "Guiding Opinions on Accelerating the Construction of a World-Class Financial Management System for Central Enterprises", proposing the "1455" framework for building a world-class financial management system: focusing on one goal, promoting four changes, and strengthening five Functions, improve the five major systems, and put forward a clearer direction, clearer thinking and higher requirements for the high-quality development of Chinese enterprises.
Therefore, the selection theme of this year's event is "Building a world-class financial management system and promoting high-quality development of enterprises", and strives to find CFOs of enterprises. Reform, better coordinate development and safety, pay more attention to quality and efficiency, give more prominence to the functions of "supporting strategy, supporting decision-making, serving business, creating value, and preventing and controlling risks", and accelerate the construction of a world-class financial management system. In the future, they will continue to promote advanced concepts and practical experience to promote the high-quality development of my country's economy.
Yonyou uses the world's leading technology to escort the financial digital intelligence transformation of central state-owned enterprises and has achieved remarkable results. The customers served by UFIDA won many honors again at the meeting: In terms of personal awards, Mr. Ding Feng, Chief Economist and Deputy Chief Accountant of Anhui Conch Group Co., Ltd. won the 2022 China CFO Person of the Year, Beidahuang Wandashan Dairy Co., Ltd. Mr. Zheng Yang, director and assistant to the general manager of the company, won the "2022 China Gold Medal CFO", and Mr. Shen Qingfei, Chief Financial Officer of Longbai Group Co., Ltd. won the "2022 China CFO Outstanding Person Award"; at the same time, in the "2022 China Management Accounting Innovation Award" "In the selection, China International Television Corporation and Heilongjiang Feihe Dairy Co., Ltd. successfully won the championship, setting up a leading practice paradigm for industry management innovation for the media industry and the dairy industry. At the same time, Yonyou won the "2022 China CFO Preferred Smart Finance Vendor Award". (The above awards are in no particular order)
In 2022, during the "Digital Intelligence Enterprise @ China" sponsored by UFIDA into the Wanda Mountain activity, Zheng Yang, director and assistant to the general manager of Beidahuang Wandashan Dairy Co., Ltd., once mentioned: Beidahuang Wandashan Shared The center has adopted a new trinity financial operation and management model of "strategic finance, business finance and shared finance", vigorously promoted the reform of Wandashan Dairy's financial management concept, organizational reform, mechanism reform, and method reform, and paid more attention to quality and efficiency. The "horizontally to the side, vertically to the bottom" shared center-type offensive organization built by Wandashan in the Great Northern Wilderness has strongly supported the construction of a world-class financial management system and the national strategy of efficient service. The "order grabbing" Beidahuang Wandashan Financial Sharing Center has integrated various financial departments into the group's "financial factory", greatly improving the efficiency of financial processing; at the same time, under the standardization of the sharing center, the value of data is constantly being tapped to complete Dashan's 65-year operating data is no longer a burden, but a valuable operating asset, which will continue to empower operating decisions.
As a large-scale diversified enterprise group, Longbai Group Co., Ltd. is based on the current era of digital economy, combined with its own rapid development, the financial department keeps pace with the times, innovates management models, accelerates financial digital transformation, strengthens internal control and risk management, and accelerates financial management. Fully integrated with business, the level of financial management has been effectively improved. Through the transformation of financial digital intelligence, the analysis of business data has been increased, financial data has been efficiently sorted and analyzed, and the analysis results have been used to help companies avoid potential risks, participate in business decision-making, create more value, and empower strategic operations.
As a leader in the media industry, China International Television Corporation focuses on the goal of "accelerating the construction of a first-class financial management system with the characteristics of the media industry", thoroughly implements the two concepts of "service" and "innovation", and focuses on the integration of business and finance. Taking digital technology as the means of innovation and informatization as the starting point, further apply automation and intelligent technology to create a digital intelligence service platform to fully realize financial digital intelligence. It uses cost management tools to build a convenient and efficient digital intelligence fee control management-cost expense management platform, improves efficiency through process digitalization and process compliance, realizes real-time cost analysis and pre-control through management visualization, and realizes real-time cost analysis and pre-control through management intelligence. Fully reduce enterprise management costs and gain insight into data risks to enhance internal control management, and fully realize the management goal of "business control, data visibility, and management accuracy".
As one of the earliest milk powder companies in China, Heilongjiang Feihe Dairy Co., Ltd. has provided a valuable reference for the industry's digital intelligence in terms of management accounting innovation and digital exploration. Feihe focuses on consolidating the financial sharing construction system, strengthening the lean cost management system, implementing the comprehensive budget management system, optimizing the financial risk management and control system, empowering the business analysis support system, creating a digital intelligence financial support system, and building a financial talent team system. Management system, comprehensively implement digital and intelligent transformation. Previously, the Feihe Dairy Financial Shared Service Center was successfully launched, achieving the three implementation goals of improving accounting efficiency, controlling risks, optimizing employee reimbursement experience and efficiency, and providing management report support, which promoted the parallel development of financial personnel and management concepts, and optimized The allocation of resources has also laid a solid foundation for the new pattern of financial digital intelligence, and it has accumulated a lot of steps to reach thousands of miles.
For many years, as the preferred smart financial brand of Chinese CFOs, UFIDA has always been committed to promoting business and social progress with creativity and technology. UFIDA uses the world's leading technology and gathers ingenuity to create a "big country heavy tool" - UFIDA BIP, which will also continue to escort the digital and intelligent transformation of large enterprises in my country and move towards high-quality development. Yonyou BIP Smart Finance, as a practitioner of financial digital intelligence for large enterprises, has escorted more than 25,000 large enterprises to embark on a new journey of financial digital intelligence, and is constantly striving to benchmark the world-class financial management system!