How to do financial management well? How to do financial management well？

Once upon a time, “keeping accounts” became the most important thing in financial management. But with the change of technology and the innovation of the times, if the financial managers continue to use the manual way of accounting, they will be submerged in the endless big data. With the rise of the era of digital economy, digital enterprise management has been deeply rooted in the hearts of the people. As the core financial management of enterprise management, it is not difficult to be divorced from the trend of the times and be independent. So in such a digital era, how do we do a good job in financial management? Let’s talk about it briefly today.

Technology has accelerated the revolution of enterprise management, and also accelerated the fierce competition in the market. According to the traditional financial management of enterprises, in the view of small editors, they must adhere to Chinese management, and the core of Chinese management is to solve the relationship, people and things. Therefore, financial managers need to deal with the relationship between themselves and their partners first, and colleagues need to deal with the relationship with other departments, other companies, and external departments, so that the financial work can be carried out smoothly and the actual technical work can be carried out. In these relationships, the relationship with the boss is the most delicate. If you face a boss who does not understand financial management, you should be careful. How to guide the boss to standardize is also very important. Otherwise, is it easy for the finance department to become a cash machine or a small treasury?

Next things are more specific, which are intuitive financial management content. A set of basically perfect financial management system, a set of handling system and assessment method (performance assessment), easy capital management and management of four groups of financial relations. These are very necessary, as for which four groups? Management of delivery and receivables, management of procurement and accounts payable, dynamic management of assets, financial and operational risk management. Once carefully sorted out, it will be found that financial management is very complex and specific. Is it a mess that can’t find the north?

In fact, in front of the current technology, everything can be easily balanced, many enterprises and excellent financial management, often only a set of financial management software with advanced management ideas and technology. For example, SAP financial management system is very popular at home and abroad. Through combing and analyzing the financial management of the enterprise itself, combining with advanced technology and financial management suite to design and standardize the financial management of the enterprise. It can almost make the backbone and details of the enterprise financial management system easy to achieve, and at the same time, with the help of cloud ERP, big data, the Internet, etc., it can directly achieve real-time and synchronous data integration.

Some financial experts once said that a good modern enterprise should be an organization composed of many subsystems, such as personnel management, production management, marketing management and financial accounting management. That is to say, information integration management. In this way, we can avoid the trouble of information island to the financial management of enterprises. Many data lags, which leads to the financial managers and enterprise managers unable to obtain real-time data of each department in real time, unable to carry out real-time analysis and make correct judgment through the lagging data. This is the biggest difference between traditional financial management and digital financial management. Especially the enterprise financial management system represented by SAP can help enterprises achieve real-time and efficient financial management, and achieve excellent operation in complex and changeable business.

On the Internet, there are many related contents about the financial management of enterprises in books. Different financial experts have carried out detailed discussions for you from different angles and levels, and provided many methods and cases for you. However, how to do a good job in financial management, how to do a good job in financial management, is a financial manager must face the problem, of course, is also the problem that business owners must face. Handle the relationship, standardize the process, information management, real-time monitoring, scientific analysis None is the key to good financial management.

For a more comprehensive understanding, pls contact Acloudear （Your trusth SAP partner ）.

This article "How to do financial management well? How to do financial management well？" by AcloudEAR. We focus on business applications such as cloud ERP.

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