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How to strengthen the function of financial analysis in financial management

Author:司享 , 2020-03-03 16:32   
Some people say that financial analysis is a summary of past business activities, while others say that it is the premise of future prediction. Whether it exists in the past, the present or the future, many people are as easily confused as Xiaobian. In this case, we first understand the value and role of financial analysis for financial management and even enterprise management. Next, we can have a glimpse through the conceptual expression of a sentence in the company’s financial management system. “Financial analysis is an important part of the company’s financial management. The financial management center shall summarize, evaluate and assess the company’s operating conditions and results, promote the increase of revenue and expenditure through financial analysis, give full play to the fund efficiency, and provide basis for the decision-making of leaders or relevant departments by comparing different schemes and economic benefits of financial activities.” In a word, the core of financial analysis is to provide managers with reliable basis for decision-making! Financial analysis covers: solvency, profitability, operation ability, development ability, cash flow analysis, investment return, etc. Of course, whether summarizing the past or predicting the future. In fact, in today’s digital management era, if you want to strengthen the role of financial analysis in financial management, relying on the past human analysis, manual analysis is obviously a drop in the bucket, it is difficult to meet the needs of such a high-speed, rapid changing era. All enterprises are shouting: fast, faster! This is indeed an era only fast. […]

Some people say that financial analysis is a summary of past business activities, while others say that it is the premise of future prediction. Whether it exists in the past, the present or the future, many people are as easily confused as Xiaobian. In this case, we first understand the value and role of financial analysis for financial management and even enterprise management. Next, we can have a glimpse through the conceptual expression of a sentence in the company’s financial management system.
data analysis

“Financial analysis is an important part of the company’s financial management. The financial management center shall summarize, evaluate and assess the company’s operating conditions and results, promote the increase of revenue and expenditure through financial analysis, give full play to the fund efficiency, and provide basis for the decision-making of leaders or relevant departments by comparing different schemes and economic benefits of financial activities.”

In a word, the core of financial analysis is to provide managers with reliable basis for decision-making! Financial analysis covers: solvency, profitability, operation ability, development ability, cash flow analysis, investment return, etc. Of course, whether summarizing the past or predicting the future. In fact, in today’s digital management era, if you want to strengthen the role of financial analysis in financial management, relying on the past human analysis, manual analysis is obviously a drop in the bucket, it is difficult to meet the needs of such a high-speed, rapid changing era. All enterprises are shouting: fast, faster! This is indeed an era only fast. How can we be efficient, fast and accurate? This must rely on the charm of modern technology. For example, SAP financial management system is widely used in enterprises.

So how to strengthen the role of financial analysis in financial management? Different enterprises adopt different ways. We can use some common cases as a brief reference.
financial data analysis

Improve the quality of financial analysis data, strive to improve the financial index system, improve the existing methods of financial analysis, and further strengthen the quality construction of financial analysts. In fact, all of these are relatively traditional. In the new era, almost all of the strengthening of financial analysis has been completed by financial management software, by combing the process and setting various indicators. For example, the well-known SAP financial management software can not only achieve real-time data coordination, but also realize real-time synchronous analysis to meet the quality and scale of business activities, and provide decision-making basis for managers.
cooperation satisfaction

With the help of financial management software like sap, we can effectively learn the status of enterprise activities, implement self-help synchronous analysis, and provide basis for strategy. It can also process massive data, analyze and evaluate performance in time.

As a whole, to strengthen the role of financial analysis in financial management, we must first base on the enterprise itself, from the traditional manual rapid upgrade to digital management. Especially in the era of big data, combined with cloud computing technology, it can greatly improve the efficiency of enterprise financial management, provide accurate data reports for the development of enterprises, and make managers’ future decisions more accurate. In such an uncertain and turbulent business era, financial analysis highlights its important value. How to achieve the stability and development of long-term doctrine, keep pace with the times, strategizing is the most wise choice.

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

This article "How to strengthen the function of financial analysis in financial management" by AcloudEAR. We focus on business applications such as cloud ERP.

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