What is the content of the company’s financial management system?

“Mencius” cloud: not to the rules, not round. The same is true of finance, which is the lifeblood of enterprise management. Without a good, standardized and sound financial management system, it is like an unprotected army that can be easily broken by others or their own chaos from the outside to the inside. Therefore, the company’s financial management system is of course important, important to become a support for the existence of enterprises. In this case, before the company carries out financial management, it needs a set of basically complete financial system to facilitate the financial personnel of the enterprise to perform their rights and responsibilities in the prescribed circle, and to protect the business lifeline of the enterprise. In that case, let’s talk about the company’s financial system today.

Different companies have different financial systems. Apart from the particularity of company size and industry, their basic framework is basically the same. Of course, it doesn’t rule out that many start-ups directly copy a company’s financial management system on the Internet. Directly into the main topic, we might as well start from the main part of the company’s financial management system to understand the framework. Then the specific content of the company’s financial management system mainly includes four aspects: fund management, asset management, financial work management and accounting management. Maybe you’re wondering if it’s too little? If you don’t think it’s enough, you can search a company’s financial management system and browse it briefly. The reasons for the space are not listed.

All in all, the company’s financial management system needs to be improved and perfected. It is necessary to conduct a comprehensive sorting and planning for the enterprise’s financial management from the process to the details. On this basis, each link to the details should be standardized and controlled. In accordance with certain rules and order, each link and detail should be standardized and the process should be well controlled, which is undoubtedly responsible for the goal and result.

In fact, the links of enterprise financial management system can be divided into: internal financial management system, monetary fund management, transaction settlement management, inventory management, short-term and long-term investment management, fixed assets management, construction in progress management, intangible assets, deferred assets management, other assets management, sales revenue management, cost and expense management, profit management Profit and distribution management, financial accounting report and financial evaluation management. Of course, there are many such versions.

Maybe a lot of small partners want to ask, with a sound financial system of the company, you can handle everything in the daily financial management? Of course, it is impossible, but without such a rule and square, the financial management system will inevitably fall into a chaotic situation, and ultimately endanger the survival of enterprises. At present, based on the financial management system of the company, we usually use digital technology to achieve scientific and efficient financial management. In other words, the company’s financial management system is equivalent to a company’s internal laws and regulations, and the company’s financial management system is equivalent to the operation platform of technical specifications of law enforcement process, which is inseparable from each other.

Just like the sap financial management system, which is popular in enterprises at present, includes the sorting of financial process, the simplification of process, and the specification of process. It also includes the responsibilities of financial personnel and other employees for data. Even though the data is integrated through technology and reports are generated automatically, all processes are operated in strict accordance with the company’s financial management system. This is determined by the importance of financial management system.

Finally, the content of the company’s financial management system is simply a few key words, but it covers all aspects of the business activities of the enterprise. It is not only the data of links, capital trends, like the blood circulation of the human body, but also the subtle branches such as veins and capillaries, which are very complex. Therefore, the financial management of the enterprise is the product of the technological revolution Manage software to achieve efficient management of enterprises.

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

This article "What is the content of the company’s financial management system?" by AcloudEAR. We focus on business applications such as cloud ERP.

Scanning QR code for more information