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Discussion on the Improvement Path of Financial Performance Under the Background of Digitization of Enterprise Finance

In: Proceedings of the 2024 4th International Conference on Enterprise Management and Economic Development (ICEMED 2024)

Author

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  • Lei Lv

    (Guizhou University of Finance and Economics, The School of Accounting)

Abstract

In recent years, the digital economy has gradually risen and become a new engine to promote China’s economic development. With the deepening of digital transformation, more and more enterprises have realized the importance of financial digital transformation. Chinese enterprises actively respond to the trend of The Times, and gradually realize digital transformation on the basis of digitalization combined with emerging digital technologies. It has become an inevitable choice to use the penetration and empowerment of digital technologies to enhance their competitiveness. According to the international data company IDC survey report shows that in the global 2000 strong enterprises, digital transformation as the core development strategy of the enterprise accounted for about 69%. Although many enterprises regard digital transformation as a key competitive strategy and invest a lot of manpower, material and financial resources to implement it, they still face difficulties in transformation and poor results. In the business and academic circles, it has become a hot topic to study how to promote financial performance through financial digital transformation. Therefore, the study on the impact of financial digital transformation on financial performance and its action path aims to provide references and suggestions for enterprises that are or plan to carry out financial digital transformation.

Suggested Citation

  • Lei Lv, 2024. "Discussion on the Improvement Path of Financial Performance Under the Background of Digitization of Enterprise Finance," Advances in Economics, Business and Management Research, in: Hongbing Cheng & Sikandar Ali Qalati & Noor Sharoja Binti Sapiei & Mazni Binti Abdullah (ed.), Proceedings of the 2024 4th International Conference on Enterprise Management and Economic Development (ICEMED 2024), pages 280-289, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-506-5_31
    DOI: 10.2991/978-94-6463-506-5_31
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