Digitalization accelerates, financial management ushers in an intelligent era!

With the implementation of the fourth phase reform of the Golden Tax and the implementation of digital bills, tax management has shifted towards intelligence and efficiency, profoundly affecting the business environment and becoming a key driving force for enterprise upgrading and transformation. This driving force has further accelerated the digitalization process of enterprise financial management and bill processing, bringing more flexible and efficient financial solutions to enterprises.

How to keep up with the times in financial management? On November 14th, an event with the theme of “Accelerating Business Finance Integration and Enhancing Financial Value” hosted by Acloudear Network was successfully held in Shanghai.

This event focuses on “improving financial efficiency” and invites well-known financial experts in the industry, corporate financial representatives, SAP and Acloudear digital experts, etc. to jointly explore new paths and practices for future financial management.

Ms. Zhou Xiaoling, CEO of Acloudear Network, shared her work experience as a finance professional and her profound understanding of digital transformation in her opening speech. Taking her own experience as an example, she reviewed the financial transformation process from traditional manufacturing to today’s digital transformation. Digital transformation no longer only focuses on accounting processing and ERP processes, but also emphasizes enterprise health, business operations, and the transformation from digital to value.

“In our entire new field, a team centered around finance will play a crucial role today,” she emphasized the crucial role of finance in innovation in the new field and encouraged financial partners to become the backbone of enterprise digital transformation.

Grace, the person in charge of Philips strategic transformation, shared the ways to deepen the integration and transformation of business and finance at Philips. She pointed out that business transformation cannot do without the elements of data, processes, platforms, and personnel, ensuring that these capabilities can be well integrated in enterprise management and ultimately create value.

The key for financial partners to shift from passive service to active participation and value enhancement lies in early understanding of business challenges, providing risk control requirements, and ensuring accurate and complete data. At the same time, seek the support and determination of senior management to promote the successful implementation of digital transformation.

Enterprises will go through different stages in the process of digital transformation, involving the matching of management and digital capabilities. Mr. Wang Qi, a digital expert at Acloudear, shared his experience on the methods and paths of enterprise digital construction.

He stated that the path of digital transformation for growth oriented enterprises: from digital infrastructure construction to talent and organizational capacity building, and then to innovation and intelligence, is a gradual improvement process. It should be gradually improved according to methods from core to extension, from standard to personality, and from learning to innovation.

To achieve systematic process design in the construction of digital platforms, it is necessary to comprehensively promote from the three aspects of management, process, and system, in order to adapt to the long-term development of enterprises.

The rise of AI intelligent technology has also brought innovation and improvement to financial management, showcasing the direction of future financial progress and pushing financial management to a more intelligent and efficient stage.

Experts from Hehe Information and SAP shared their innovative practices on the new application of digital ticketing in enterprise management and how to optimize financial management processes using the latest AI technology.

By automating the processing of financial documents, the digitalization of all scenario bills is achieved, and the integration of information provides a reliable solution for the digital upgrading of enterprise finance.

Mr. Wang Zijie, Business Director of Hehe Information Strategic Cooperation, introduced that the automated bill processing processes such as automatic receipt, automatic merging and splitting, automatic verification, and data matching not only greatly reduce the workload of financial personnel, but also improve the accuracy and traceability of data, making enterprise financial management more flexible and efficient.

The following “comprehensive budget analysis and development of a smart win plan” opens up new ideas for improving efficiency.

Mr. Gao Guohui, Business Expansion and Promotion Manager of SAP Greater China Business Technology Cloud Platform Ecological Partner, emphasized the importance of a comprehensive budget digital platform. Based on unified data, build a digital collaboration platform for comprehensive budgeting, which can be seen, managed, and done. It can achieve collaborative planning between different departments and use predictive analysis algorithms to generate predictive business plans, thereby optimizing decision-making.

In addition, SACGPT, which integrates SAP analysis cloud and big model technology, provides AI driven intelligent interactive analysis for enterprises. Users only need to ask questions, and the system can automatically generate corresponding analysis reports, greatly simplifying the process of generating management reports.

In this event, the wisdom and insights of experts in the integration of business and finance provided practical guidance and suggestions for the digital transformation of enterprise finance, helping enterprises improve financial management efficiency and achieve digital upgrading.

Acloudear Network will continue to pursue financial management innovation, committed to helping enterprises accelerate the integration of business and finance, and create more value!

This article "Digitalization accelerates, financial management ushers in an intelligent era!" by AcloudEAR. We focus on business applications such as cloud ERP.

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