How to improve the financial management system of enterprises?

What, you need to talk to me about financial management system? Even individual and small and micro enterprises know that there is a template about enterprise financial management system on the Internet. Copy and paste one and it will not end! Do you think so about the financial management system of enterprises? However, for the financial management system of the enterprise, the editor thinks that ordinary enterprises should have it first, then optimize it according to their own reality, and gradually improve it to meet their own development and changing market demand. So, if we don’t have one, we can enter into today’s discussion, how to improve the financial management system of the enterprise.

How to do it, how to do it, I’ll open the two channels of Ren Du! In fact, to improve and perfect the financial management system of an enterprise is the same as those who practice martial arts. They need to open up some lifelines to improve their skills. Some people will tell you the four core elements of the financial management system of the enterprise, but the editor sums it up for you: manage the money, manage the good people, monitor the process, and prevent risks! But it’s a little polite. I’m a bit confused after listening, right. In this case, we might as well through some modern enterprises to see how they improve the financial system?

In other words, we should first build an effective financial management system. Of course, this business is not achieved overnight but is constantly optimized in the process of real financial management. Therefore, it is necessary to establish internal financial control system, formulate a set of procedures and methods that are interconnected and mutually restricted, and strengthen the innovative mechanism of financial management. These systems include four aspects: fund raising, fund delivery and use, fund consumption, fund collection and fund distribution.

The establishment of effective control means and mechanisms, all of which were completed manually at first. In the era of digital management, financial management system can be used as a way to establish effective control. For example, SAP financial management system can redesign, simplify and standardize the financial process according to the actual situation of the enterprise. Accelerate the rapid response of financial data and improve the system performance. Through improving the operation and maintenance mechanism of the system, improve the efficiency and accuracy of the financial personnel.

Similarly, the system can automatically generate reports to provide real-time financial insight for management. Advanced enterprise financial management software can realize data integration, actively generate financial reports, and directly feed back the capital trends from business, projects and the whole enterprise activities. With the rise of digital economy and the emergence of digital management, more and more enterprises not only have perfect financial management system, but also integrate into the financial management of enterprises through modern technical means and advanced management ideas. If it is ideal to improve the financial management system, then the financial management software makes the ideal into the reality. However, with ideal and means, the implementation of people and talents cannot be lacked. Therefore, another element of improving the financial management system of enterprises is to improve the management level of financial personnel of enterprises.

No matter how perfect your system, advanced management system, if people’s consciousness is not enough and execution is not in place, everything will be empty. Therefore, we should not only improve the management awareness of financial managers, but also upgrade the cognition of financial personnel. Through advanced management experience, advanced system cooperation, to achieve the goal of financial management system.

No matter the enterprise financial management system or the enterprise financial management, just as the management master Peter Drucker said: management is a kind of practice, its essence is not “knowledge” but “action”; its verification is not logic, but results; its only authority is success.

Sound financial management system and advanced financial management software are all operated and executed by people, and the merits and demerits of execution ultimately need to be implemented to the results, which is what we often call KPI. Therefore, in the process of improving the financial management system of enterprises, financial personnel need to pay attention to the management of creditor’s rights and debts, the management of internal accounting personnel, and the management of financial risks.

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

This article "How to improve the financial management system of enterprises?" by AcloudEAR. We focus on business applications such as cloud ERP.

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