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Enterprise financial management innovation in digital transformation

In: Proceedings of the 2023 International Conference on Finance, Trade and Business Management (FTBM 2023)

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  • Yingxin Qu

    (Bangor college, Central South University of Forestry and Technology)

Abstract

With the rapid development of information technology and the trend of digital transformation, the financial management of enterprises will also face new opportunities and challenges. This paper discusses the necessity of enterprise financial management innovation under the digital transformation, and puts forward the relevant ideas and suggestions. The innovation of financial management will involve the sharing and cooperation of data, and through multi-dimensional data analysis and market forecast, improve the financial risk management and early warning mechanism, reduce the enterprise risk, and improve the ability of enterprise investment and financing. Enterprises must make use of the development of information technology, innovate the financial management mode, improve the efficiency and quality of financial management, optimize financial decisions, reduce financial risks, and lay a solid foundation for the healthy development of enterprises.

Suggested Citation

  • Yingxin Qu, 2023. "Enterprise financial management innovation in digital transformation," Advances in Economics, Business and Management Research, in: Amalendu Bhunia & Rubi Binti Ahmad & Yifeng Zhu (ed.), Proceedings of the 2023 International Conference on Finance, Trade and Business Management (FTBM 2023), pages 369-375, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-298-9_40
    DOI: 10.2991/978-94-6463-298-9_40
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