Analysis of enterprise financial management under the background of digital transformation

Abstract

Along with the continuous development of our economy and the continuous improvement of the level of social information, the era of big data has already come quietly, and the digitalization is playing a more and more crucial role in the financial management of enterprises in our country. In the past, people’s understanding of digitalization might only be to do some data analysis and data management work, which led to a series of problems, for instance, organizational management is blunt and not flexible enough. These problems caused the slow development of enterprises, and the productivity of enterprises was difficult to achieve further liberation. Under the background of digital transformation, the traditional financial management of enterprises can no longer satisfy the effective daily operation and management of enterprises. If enterprises are desperate to develop, finance has to be transformed. Therefore, Chinese enterprises ought to progress in the direction of informatization and digitalization. Hence, this paper intends to use literature research and other methods to make up for the shortcomings of traditional enterprise financial management in this study, expand the content of digital transformation of enterprise financial management, and promote the implementation of digital strategy in order to better promote the solution of related problems.