From April 19th to April 21st, the annual UFIDA BIP Technology Conference was successfully held. CIOs/CDOs, ecological partners, developers, analysts, and media from industry-leading companies gathered in Beijing UFIDA Industrial Park to learn about the latest technology development trends and discuss hot topics in the industry. At the meeting, Liang Qing, deputy chief accountant and director of the finance department of Beijing Metro Operation Co., Ltd. (hereinafter referred to as "Beijing Metro"), shared Beijing Metro's leading practice of using digital intelligence technology to accelerate financial digital intelligence transformation.
The following content is based on Liang Qing, deputy chief accountant of Beijing Metro Operation Co., Ltd. and director of the finance department, shared at the 2023 UFIDA BIP Technology Conference.
The picture shows Liang Qing, deputy chief accountant and head of the finance department of Beijing Metro Operation Co., Ltd.
In April 1970, the Beijing Subway opened and operated the first subway in New China. As a large-scale state-owned wholly-owned company in Beijing, the company is positioned to "ensure the safety of urban operation, improve the city's carrying capacity, and create a rail transit operator that satisfies the people, provides strong guarantees, and is at the most advanced level in the world." Its main business covers rail transit operations services and rail transit value-added services. In 2022, passenger traffic will account for 80% of Beijing's total rail transit volume and 46% of total public transport volume. It will continue to play a key role in alleviating traffic congestion in the capital and increasing the proportion of green travel.
In recent years, Beijing Metro's financial digital intelligence transformation has developed in three directions as a whole: First, all-round cloud integration , that is, business-finance integration, financial-asset integration, and fiscal-tax integration. The system boundary is extended to employees, merchants, banks, governments, social services. The second is data-driven , that is, the front-end initiates all businesses, and forms standardized transaction-level data of various economic matters in accordance with financial management requirements to help financial big data analysis. The third is intelligence , that is, all businesses are automatically promoted, vouchers are automatically generated, and there is no manual entry of vouchers.
In the new era, Beijing Subway has put forward new development demands for management model transformation, business model transformation, and user experience transformation. Beijing Metro believes that digital transformation is no longer an optional project initiated by the government, whether it is the guidance of the national policy level or the internal development demands of the enterprise, but a must for the enterprise to increase management efficiency, allocate resources efficiently, and enhance the viability of the enterprise.
Hand in hand with UF for nearly 20 years
Continue to promote the construction of financial digital intelligence
In 2006, Beijing Subway joined hands with UFIDA to start financial information construction. Through in-depth cooperation with UFIDA for nearly 20 years, it has initially formed a highly integrated financial information system including accounting management, budget management, capital management, and early warning analysis. The system can meet the management needs of different users, and comprehensively improve the level of informatization, refinement and digital management.
Financial accounting system : the company implements unified accounting methods and financial systems; unified accounting policies, accounting subjects, and coding; ensures the consistency, real-time, correctness, and timeliness of information. On this basis, it realizes the function of automatically issuing some reports and completing the report consolidation process, timely meeting the needs of report disclosure, and providing final account information intuitively and timely through the online analysis system. At present, it has realized from the settlement of the affiliated units to the issuance of the group merger The report only takes 1-2 days to complete.
Budget system : It has the management functions of budget preparation, adjustment, approval, release, and decomposition, and can be closely integrated with other business systems. The budget system is effectively connected with the financial accounting system and the fund approval system. Budget decomposition is managed by project number. The one-to-one correspondence between the budget number and accounting items is preset in the system in advance, and the account processing work is completed at the same time as the fund payment, and the budget execution situation can be grasped at any time through the financial accounting data, which greatly improves the efficiency of overall budget management. It provides effective tools and means for the enterprise's pre-planning, in-process control, and post-event analysis.
Fund approval system : Realize functions such as online document filling, budget control in advance, automatic identification of invoices, automatic verification of authenticity, online approval, etc., and open up the "last mile" of financial reimbursement business. The fund approval system is seamlessly connected with various business information systems such as budget management system, financial accounting system, capital system, contract management system, human resources system, and material system. The purpose of business integration.
Early warning analysis system : collect, store, integrate, process, and analyze basic production and operation data, financial data, and other necessary management data, so that the data can be effectively transformed into analysis information and auxiliary decision-making information, and improve the ability to see through the company's overall business. Comprehensively and systematically understand the production and operation status, reveal the company's operation and management problems, issue risk warning reminders in time, provide data support for corporate decision-making, and realize the digital and intelligent transformation of financial management.
Fully release the value of data
Comprehensively enhance the ability to integrate business and finance
Data has become an important engine driving financial intelligence to upgrade to value creation. However, in the process of promoting the integration of business and finance, how to give full play to the advantages of finance as a natural data center, so that all the data "hidden" in the database can move from the "behind the scenes" to the "front desk", and realize the use of data and technology to assist enterprise management ?
Based on the company's existing accounting, comprehensive budget and other information application systems, Beijing Metro has built an intelligent and integrated financial analysis system based on UFIDA iuap , deepening the application of data technology in the field of financial analysis, and comprehensively improving the integration of business and finance , The ability to link business and finance.
The specific construction content includes establishing a unified financial domain data center , constructing data assets, and providing platform support for data sharing; unifying data standards , establishing a data warehouse in the financial field, and centrally managing and storing data involved in various fund businesses; relying on data relationships , realize layer-by-layer penetration of key data, and improve data mining efficiency; establish management leadership desktops , customize cockpits and analysis dashboards for leaders at different levels at different levels, support indicator warnings and auxiliary decision-making, and can be viewed by drilling down to layers More detailed analysis content to improve management efficiency; establish leading data analysis capabilities , create data application construction, provide insights through data, and support management decisions, etc.
In the past, the budget implementation presented in the budget system was only analyzed from a financial perspective, and the data lacked data support and connection from the business system. The financial analysis obtained was difficult to analyze the business essence behind the financial figures in place, and the analysis conclusion was difficult Touching the pain points of the business department; at the same time, due to the lack of a platform for displaying data so that enterprise managers can understand the production and operation plan and budget execution anytime and anywhere, it is difficult to become a strong support for the decision-making of the enterprise management.
Today, by building a statistical analysis and early warning system based on the linkage display of business information and financial information, Beijing Metro cleans, organizes and analyzes business data and financial data scattered in different departments, different information systems, and even different storage media; Oriented by operating business and management needs, establish various data analysis models, design multi-dimensional analysis indicators, transform basic data into useful analytical information, allow business data and financial data to connect, communicate, and output information, breaking information islands and data barriers , to meet the company's financial statistics and business analysis needs, and greatly improve the data application ability and financial control level.