On April 21, the "Intelligent Accounting Value Finance" 2023 Enterprise Digital Intelligence Financial Innovation Summit hosted by UFIDA was successfully held at the Shanghai National Accounting Institute. The authoritative professors of the college, industry experts, and financial pioneers from central state-owned enterprises and industry-leading companies gathered in the offline cloud, and tens of thousands of people explored the new value proposition of large-scale enterprise financial digital intelligence.
At the beginning of the meeting, Wang Yong, Senior Vice President of UFIDA, delivered a speech for the conference. He said: Benchmarking the world's first-class has become the goal and direction of the financial digital intelligence transformation of large enterprises. In the new era and new goals of enterprise financial digital intelligence, UFIDA will fully leverage the power of UFIDA BIP, a major power, and provide platforms and application services based on a new generation of digital intelligence technology and architecture, innovative application architecture, and enable more customers Realize the digital and intelligent transformation of business and management, and move towards high-quality development.
Well-known scholars lead the sharing of new ideas on smart finance
In the tide of digital intelligence, large enterprises are scrambling to step into the forefront, and the research on digital intelligence in the academic circle is also enthusiastic. This event invited many well-known professors from Shanghai National Accounting Institute to focus on the field of enterprise financial digital intelligence, share research results, and discuss current academic hotspots and cutting-edge topics. A platform for mutual exchange and learning was built for the guests, to promote the innovation and development of academic research in the field of finance and accounting, and to help enterprises move towards high-quality development.
Liu Qin, a second-level professor at the Shanghai National Accounting Institute, a doctoral supervisor, and a recipient of special allowances from the State Council, said when introducing the development direction of smart finance: By studying basic issues and tracking key smart technologies, we can build and cultivate professional financial institutions based on standards and regulations. The construction of talent echelon and research platform, supplemented by the continuous research and development of financial robots, financial semantic network, intelligent financial work engine and other intelligent products, will vigorously promote the application and practice exploration of intelligent financial future.
In recent years, the State-owned Assets Supervision and Administration Commission of the State Council and the Ministry of Finance have successively required large state-owned enterprises to carry out transformations related to financial digital intelligence. Among them, the first important value is the data element. The second very important concept is how to shift from the past "process-driven" to the dual drive of "process-driven and data-driven". Speaking of this, Yang Yin, associate professor of Shanghai National Accounting Institute and secretary-general of the Intelligent Finance Research Institute, said: At present, the transformation faced by many corporate finance teams can be described as long and difficult, but this is the real path for corporate finance to become world-class. An important step in the system.
However, enterprises need to consider comprehensively when building smart financial systems. Liu Meiling, an associate professor at Shanghai National Accounting Institute, executive deputy director of the teaching and research department, and a consulting expert of the National Accounting Information Standardization Technical Committee, pointed out that the specific work of an enterprise's smart financial construction includes financial organization planning, financial process design, financial platform design, and financial system design. Process and platform design will become the basis of the intelligent financial platform. Only comprehensive planning can help enterprises steadily build a new financial management model and move towards high-quality development.
Based on the application of digital intelligence technology, corporate finance needs to develop its potential as a value creator and become a company's navigator in strategic goal planning, dynamic resource allocation, and global operations. Liu Fengwei, a professor at Shanghai National Accounting Institute, a doctoral supervisor, and director of the Big Data and Accounting Development Research Center, believes that strategy leads finance, but finance will also use corporate strategic direction to help finance reshape. When an enterprise implements strategic finance, there are four core points: concept upgrading, talent building, digital intelligence development, and organizational change.
Industry financial pioneers share new explorations of leading practices
At the International Conference Center of Shanghai National Accounting Institute, financial pioneers from large central state-owned enterprises and other large enterprises shared their leading financial digital intelligence practices in multiple industries, covering financial sharing, comprehensive budgeting, accounting reports, cost management, precise taxation, and project management. and other financial management subdivisions, spanning metallurgy, taxation, real estate, finance and many other industries, dismantling the implementation steps of financial digital intelligence, summarizing the value experience in the practice process, and sharing the practical path of financial innovation and transformation, from industries, endowments Can industry, shoulder to shoulder!
The world's top 500 - a holding subsidiary of China Metallurgical Group, the first modern steel technology service enterprise with the largest scale, the largest number of people, and the strongest comprehensive strength in China, China Metallurgical Baosteel Co., Ltd. takes the construction of financial sharing as the starting point, and has carried out benchmarking against world-class financial management system construction. Yan Jie, director of the Financial Sharing Center of MCC Baosteel Technology Service Co., Ltd., introduced in his sharing that the closed-loop management of industry-finance integration is empowering MCC Baosteel to move towards high-quality development. Among them, through the application of the integration of industry, finance, capital and taxation, information gaps in various business systems are avoided; vertically realize centralized management and control of business and finance, and horizontally realize business collaboration and data sharing at the company level and department level. The data collection point extends to the business, avoids repeated entry of the same data in multiple systems and links, improves data quality, and can conduct two-way penetrating full-process joint inspection from the business system and financial system respectively, providing a basis for approval.
As a large state-owned enterprise, Zhu Jiang, director of the Financial Management Department of Nanjing Water Group Co., Ltd., gave an in-depth analysis of Nanjing Water Group's sustainable development from shared construction to shared operation with the title "Riding the Wind and Waves and Striving Hard——Sharing the Construction Experience of Nanjing Water Group's Financial Shared Service Center" Practice the leading results of financial digital intelligence transformation. Nanjing Water Group has joined hands with UFIDA for 20 years. In the process of practicing financial digital intelligence, by building a financial sharing center and expanding the application of management accounting, it has achieved enhanced execution and control, front-end and back-end standards and regulations, industry-finance integrated data traceability, Centralized procurement reduces costs and increases efficiency, and account reimbursement approval is convenient and efficient... Through financial digital transformation to achieve financial value creation and help business take off.
In addition, Conch Cement, the global leader in the cement industry, Anhui Provincial Investment Group, and Jiangsu Suyanjingshen's financial digital intelligence pioneer respectively discussed the implementation of Conch Cement's comprehensive budget to effectively promote the implementation of corporate strategies. The experience of building a financial shared service center with a full-featured "industry, finance, tax" integration, and how large-scale salt-making enterprises use digital intelligence technology to enable financial digital transformation and open up a new experience of convenient business travel intelligent cost control were shared in depth.
"Intelligent Accounting Value Finance" is a new proposition of financial value in the era of digital intelligence
Today's smart technologies will reshape the way accountants work. Intelligent accounting and value finance realize the multiplication of the ability to reflect, protect, value and create value. UFIDA believes that based on event accounting, corporate finance will leap from reflecting financial value to value creation. And "integration of business and wealth" is the top priority of value finance.
In order to help large enterprises build a competitive financial system in the new era of intelligent accounting, Yonyou has proposed a "6 big and 1 fine" financial capability system based on years of practical experience. The core goal of financial digital intelligence transformation is: "smart accounting and value finance". To achieve the above transformation goals, large enterprises should build a financial capability system of "6 big and 1 fine", including big accountants, big treasurers, big budgets, and big sharing , large integration, large service and precise taxation system; build an integrated and integrated financial cloud service group and implement shared services to realize the transformation of finance from "value protection" to "value creation" and help enterprises release "data" productivity , to gain new momentum for business innovation.
Over the years, UFIDA has been committed to using the world's leading technology to escort the digital transformation of large enterprises, and has bravely assumed the responsibility of building a digital power. UFIDA BIP, a big country heavy equipment, combines digital intelligence upgrades with Xinchuang localization to help enterprises realize value-based domestic substitution, and has already taken on the heavy responsibility of localization of digital intelligence base platforms and key application systems for large and ultra-large enterprises. ability. At present, Yonyou BIP Smart Finance has successfully escorted more than 25,000 large enterprises into the era of smart accounting in the journey of corporate financial innovation.