The construction process of corporate financial sharing is often not smooth sailing. Recently, at the "Intelligent Accounting Value Finance" 2023 Enterprise Digital Intelligence Financial Innovation Summit held by UFIDA, authoritative professors from various well-known universities led the sharing of financial sharing experience and interpreted the key path for enterprises to move towards financial digital intelligence.
At the meeting, the big names gathered together, were brilliant and expressed their opinions. Dismantle problems from intelligent technology, data resources, and talent training to point out the direction for the practice of enterprise transformation.
Enterprises should pay attention to the application of intelligent technology
With the support of intelligent technology, enterprises have transitioned from the information age to the era of digital intelligence, and corporate finance has finally moved towards "value-creating finance" .
Through the application of automation and intelligent means, the business financial system is fully connected, and financial data is fully collected; the transformation of financial functions is promoted, and financial support for business departments and management decisions is realized. Financial management deeply participates in the corporate management decision-making chain, production and operation chain, and industrial service chain; participates in corporate strategic investment and financing decisions to support the implementation of the company's strategy; based on business, future-oriented performance prediction and risk control; promotes innovation in business models; thus realizing Functional remodeling and value refactoring.
Enterprises should be good at using data resources
The pursuit and exploration of data has elevated corporate finance to a new level of strategic finance and endowed it with higher value. Data content is a key factor in achieving strategic financial management .
Therefore, when enterprises implement strategic financial management, they must firmly establish the concept of data finance. Data is the most important factor of production in the data era and the main source of economic growth. Data content is a key factor in realizing strategic financial management. The company's business environment is constantly changing, and the financial management environment is also changing accordingly. Strategic financial management must have the concept of financial management. It is necessary to adopt corresponding financial management strategies according to different specific environments, so that the company can increase its competitiveness. , constantly developing in the competition.
Enterprises should focus on professional personnel training
Under the tide of digital intelligence technology, "intelligence" has a major impact on "artificial work", and some financial work will be replaced by technology. In practice, with the implementation of financial sharing, the application of bank-enterprise direct connection, accounting and cashier may be eliminated in the future. However, complex businesses and emerging businesses continue to emerge, especially when accounting standards and application guidelines lag behind the practice, requiring accountants to make a lot of professional judgments, which cannot be replaced by AI.
Secondly, from the perspective of the utilization of accounting information, it is almost difficult for artificial intelligence to replace the human brain for real management decision-making. Of course, the use of accounting information is only part of future management decision support. In the era of big data, management and decision-making will not only rely on accounting information, but also rely on a large amount of non-accounting information. Therefore, future financial and accounting talents should shift from accounting processing to information utilization , which will be a major industry talent development trend.
The transformation of financial digital intelligence does not happen overnight, and often faces choices during the transformation process. It has become a consensus to grasp the direction of transformation, focus on key points, save resources and use mature technologies in the market to help enterprises transform smoothly.
UFIDA, using a new generation of digital intelligence architecture and technology to enable large-scale enterprise financial innovation - based on UFIDA's epoch-making masterpiece in the financial field, UFIDA BIP event accounting . Supported by big data technology, the "digital twin" of business-side activities on the financial side is realized based on event units, and data decision-making models at different levels of the enterprise are constructed.
By building a real-time, refined, and multi-dimensional business data foundation, the accounting measurement of the front-end business chain is fully realized from the financial scale , so as to deeply focus on the innovative application of financial digital intelligence in large-scale enterprises, enabling financial sharing, comprehensive budgeting, accounting and reporting, and lean costs , Accurate Taxation, Global Treasury, Business Travel Expense Control, Supply Chain Cloud, Revenue Cloud, Expenditure Cloud, Project Cloud and other large-scale enterprise financial management areas are rejuvenated. Comprehensive data services will help large enterprises build a world-class financial system.
UFIDA, as a promoter of the theory and practice of global event-based accounting, shoulders the mission of digital and intelligent transformation of global enterprises, will continue to empower industry-leading practices, and take responsibility for a strong country!