Financial Management Innovation Research Articles

A New Probe into the Financial Management Reform of Listed Companies under the Background of Integration of Industry and Finance

Under the blessing of the development of modern information technology, the integration of industry and finance has become the mainstream development trend of enterprise financial management. The internal financial management mode of the enterprise also needs continuous reform and innovation. Based on this, the paper studies the reform and innovation of financial management model under the background of industry-finance integration. This paper discusses the specific role of financial management innovation in maintaining capital safety and promoting the steady development of enterprises under the background of financial integration, and analyzes the three principles of process, integrity and risk control that financial management innovation should follow under the background of financial integration. Finally, the article combines the financial management reform under the integration of industry and finance with the practical and difficult problems in budget management control and data analysis, and puts forward specific countermeasures to effectively prevent financial risks, innovate budget management and establish information system under the guidance of the concept of integration of industry and finance.

Management information platform based on Internet of Things

In order to study the financial management mode and innovation of electric power enterprises under the current situation, a research method of electric power financial management innovation in the era of Internet of Things is proposed. According to the network topology of the system and the analysis of the Android system, the client of the financial management system, the main functional modules of the system and the data warehouse are designed. The client of the financial management system will divide the client into an information interaction unit and a data calculation unit according to the actual needs of the client; the main functional modules of the system are divided into account management unit, salary management unit, project management unit, system management unit, and fixed asset management unit. Unit, revenue and expenditure management unit and report management unit, the sub-units of each unit are divided into brief analysis, and the outpatient registration fee management module and inpatient fee management module of the revenue and expenditure management unit are introduced in detail; in the hospital financial data warehouse, in the application layer An interactive platform is built between it and the data warehouse, and the module is integrated into the existing data warehouse to realize the processing, storage and operation of massive data. The proposed system has a large operating safety factor, high user satisfaction, and an average system flexibility factor of 0.94. The power financial management information platform based on the Internet of Things has a very good performance in the application. Therefore, the method in this paper can enhance the work efficiency of electric power enterprises and enhance the core competitiveness of electric power enterprises.

Mode Innovation and Discussion of Enterprise Financial Management in the New Economic Background

The development of the globalized economy has also made enterprise financial management work into a new stage of reform, the; transformation of the market economic system has also made the enterprise financial management work content and mode of change the traditional financial management model has failed to meet the needs of the current enterprise, and even hinder the development of enterprises. In the new economic background promoting financial management reform and innovation is not only the way of enterprise development. It is also in line with the trend of the times, where the article through the trend of economic development and in-depth analysis of the current financial management situation.By analyzing published literature and using the literature analysis method, we summarize the current problems in corporate financial management and propose corresponding solutions to the problems based on the key points of the problems, thereby providing reference and help for corporate development.

A Study of the Impact of Digital Applications on the Financial Management of Modern Enterprises

With the rapid development of science and technology, China has begun to step into the era of digital economy. The arrival of the digital economy for the development of China’s enterprises has brought great impact. In enterprise management, financial management is the management of the basis of the guest; more needs to change with the times and changes. However, at present, most of China’s enterprise’s financial management mode is relatively traditional. Unable to meet the needs of the era of textbook economy. This requires enterprises to address the characteristics of the digital era and accelerate the construction of enterprise financial management innovation. In this paper, This article will use the literature comparison method to analyze in detail the problems and situations currently encountered in financial management under the digital economy, and put forward some reasonable suggestions for the transformation of corporate financial management models under the background of the digital economy.

The Application of Embedded Hardware System and Blockchain in Rural Financial Management Cloud Platform

With the rapid development of information technology, rural financial management is facing the great challenge of digitalization and intelligentization. This study aims to explore the application of embedded systems combined with blockchain technology in rural financial management to provide more efficient and secure solutions. Firstly, the main problems in rural financial management are analyzed, including low data processing efficiency and poor data security. It then explores the potential applications of embedded systems in financial management, as well as the main characteristics and classifications of blockchain technology. Based on this, a model integrating embedded systems and blockchain technology is designed, and the effectiveness of the model is verified by experiments. The experimental results show that the system not only significantly improves the data processing speed, but also enhances the data security and improves the user satisfaction. In general, this study provides theoretical and practical support for the technical innovation of rural financial management and shows a broad prospect in practical application.

The effect of financial culture, risk management, organizational innovation on organizational performance in private higher education: Organizational resilience as mediating variable

This study aims to determine the effect of financial culture, risk management, and organizational innovation on the performance of private tertiary institutions with organizational resilience as a mediating variable. The independent variables used are financial culture, risk management, and organizational innovation, while the dependent variable used is organizational performance, and the mediating variable used is organizational resilience. The method used in this study is a survey method, where data is obtained from the results of collection using a questionnaire. The population in this study were lecturers at private tertiary institutions in the LLDikti III area. The sampling technique was carried out using the proportionate stratified random sampling method. The sample in this study were 355 respondents. The analysis tool used is SmartPLS 3 with the path analysis method. The results of this study state that financial culture, risk management, and organizational innovation have a positive and significant effect on organizational resilience. Then financial culture, risk management, organizational innovation, and organizational resilience have a positive and significant effect on organizational performance. This research also shows that organizational resilience mediates the relationship between financial culture and organizational performance and also between organizational innovation and organizational performance. Meanwhile, organizational resilience failed to mediate the effect of risk management on organizational performance.

An Exploration of the Relationship between Digital Innovation in Corporate Financial Accounting Management and Corporate Performance

Abstract The development of digitization is soaring and has brought dividends to many industries in China. In this paper, the correlation between digitalization of corporate financial accounting management innovation and corporate performance of Chinese listed companies is explored through a regression model by taking the effect of digitalization of corporate financial accounting management and the time of implementation as the independent variables, and controlling the shareholding structure, corporate development capability, market price, and assets and liabilities as the control variables of the model. Further, based on heterogeneity analysis and robustness tests, we explored the impact of financial management digitization on corporate performance under different property rights. The conclusions we draw are further validated. The results show that the regression coefficient of digital innovation in accounting management and return on net worth is 0.0169, with a significant increase in return on net worth at the 10% level, and the substantial coefficient in digital innovation duration and firm performance is 0.00298, both of which have a considerable contribution. This study can not only promote enterprises to achieve cost reduction and efficiency, but also provide reference for enterprises to implement digital transformation, promote industrial digital transformation, and promote the development of the digital economy.

Exploration of Financial Management Innovation in the E-Commerce Environment

Exploration of Financial Management Innovation in the E-Commerce Environment

Exploring Financial Management Innovation and Practice in the Context of Digital Transformation

Exploring Financial Management Innovation and Practice in the Context of Digital Transformation

Financial management innovation of Beijing enterprises water group limited in the context of digital transformation: effectiveness and implications

Financial management innovation of Beijing enterprises water group limited in the context of digital transformation: effectiveness and implications

Financial Digital Management Transformation of Brokers: A Case Study Based on Societe Generale Securities

Purpose - Building a digital enterprise is a fundamental strategic direction for today’s enterprises, and corporate financial management needs to be transformed accordingly. This study aims to explore the financial digital transformation undertaken by Societe Generale Securities, summarizing the essential steps involved in this transformative process. The relevant research provides a theoretical guidance for the digital transformation of enterprises. Most of China’s existing enterprise financial systems are still nascent in digital construction.
 Design/Methodology/Approach - This study uses Societe Generale’s case analysis methodology to delve into the company’s key steps and initiatives for digital transformation and the implications for financial management innovation.
 Findings - Through an in-depth analysis of the digitalization system of Societe Generale Securities, this study endeavors to discover the path of and steps in a financial digital transformation of large enterprises in the era of new technology. The study reveals that innovation in management practices is the foundation of digital transformation, enabling the integration of enterprise management accounting applications. Moreover, digital construction should always align with enterprise strategy.
 Research Implications - The three steps of Societe Generale Securities’ financial digital transformation provide guidance for other enterprises to implement digital transformation. This study shows that enterprise information construction is not a one-off process. It should be in line with the strategic stage and business environment, planned, and gradually implemented.

Exploration of Enterprise Financial Management Innovation Based on Accounting Informatization under the Background of Big Data

Abstract This paper first demonstrates an enterprise-intelligent financial management platform built on big data technology. Secondly, KPCA is used to preprocess financial data to improve the accuracy of financial data warnings and combined with the XGBoost algorithm to construct a financial warning model to analyze the enterprise’s economic crisis. Finally, the enterprise’s intelligent financial management platform underwent performance testing and prediction analysis. The results show that when the number of concurrent users is 100, the average response time of the platform is 1.94s, and the error rate of the system is about 0.5%. The platform can also predict and analyze financial data of the enterprise, which can help the enterprise better understand its financial situation and formulate a development plan. In summary, accounting automation can promote the development of enterprise financial management innovation. Intelligent financial management platforms can further realize enterprise accounting informatization to help enterprises achieve good economic development.

Retracted: Deep Learning-Driven Financial Management Innovation Upgrade for Universities

Retracted: Deep Learning-Driven Financial Management Innovation Upgrade for Universities

Research on Sustainable Competitive Advantage Strategy of Leading Electric Vehicle Enterprises

This article uses qualitative methods to study the competitive environment of A Co Company Limited and develop a sustainable competitive advantage strategy. Using documentary analysis, semi-structured interviews, and questionnaire surveys to collect preliminary data, a total of 50 internal employees participated in this study's questionnaire survey. We validated the data using PESTEL and core competitiveness analysis methods, and developed internal factor analysis matrices and external factor analysis matrices to generate the final factor evaluation scores. Research has shown that A Co Company Limited operates in a highly competitive environment. The company shows strong advantages in production services, marketing services, financial management and technological innovation, but there is still room for improvement in sales services. Based on SOTAR analysis, this paper proposes competitive advantage strategies.

Increasing Income Through Financial Management And Entrepreneurial Innovation

This study aims to examine increasing income through financial management and entrepreneurial innovation. This research is literature so that the form of research is descriptive qualitative. Literature study through books and related scientific journals. Performance is the result of various continuous management decisions to achieve certain goals effectively and efficiently in accordance with what is desired about the achievements or setbacks. Company performance is an achievement of goals by individuals and organizations effectively and efficiently. Effectiveness relates to its ability to achieve the desired goals, while efficiency describes how much input is needed to produce an output. Financial information helps to assess the company's ability to meet its obligations, increase capacity, and obtain funding, helping to assess the quality of future earnings and cash flows. Good financial management behavior will be able to manage business finances well. Innovation as creativity provides added value to the resources owned. Innovation is to take advantage of change rather than create it. The ability to innovate is needed in a business that has many competitors and is prone to saturation.

Financial Management Practices and Innovative Performances of the Nigerian SMEs Sub-Sector: A Conceptual Approach

Purpose: The role of small and medium-scale enterprises (SMEs) in economies all over the world is well established as a vital propeller of economic growth and other macroeconomic balances. Thus, the growth of SMEs has been at the center of scholarly debates since the last decade, with many factors including financial management practices as well as innovative practices, contributing to the extensive study of the performances of SMEs. However, with unpopular arguments in literature in the context of financial management practices and SMEs’ innovative performances, this study attempts to explore how prudent financial management practices could inform SMES’ innovative performances.
 Methodology: Being a conceptual paper, the methodology adopted is explorative in nature, where literature was extensively explored in line with the research aim and specific study objectives.
 Findings: The outcome of the explorative literature study revealed that financial management practices are important determinants of SMEs’ innovative performances. This shows that working capital management, investment appraisal and analysis, financial information system management, financing and capital structure management are practices that SMEs must incorporate to foresee and take advantage of innovative opportunities that will lead to innovative performances
 Unique Contribution to Theory, Policy and Practice: This conceptual paper adds fresh arguments to the existing literature on financial management practices, innovation, and SMEs' performances by hypothesizing a positive relationship between different financial management practices (particularly, working capital management, investment assessment practices, financing and capital structure management, as well as financial information system management) and the innovative performances of SMEs. Thereby, we are ushering in a gateway for new empirical studies on the phenomenon of financial management practices and innovative performances of SMEs. In addition, SMEs’ owners and manager can leverage on the implications of this study to inform practical decisions on various financial management practices.

The Trend of Scientific and Refinement of Financial Management in Business Units

In the new era, financial management has become increasingly sophisticated and has had a significant impact and change on various industries and fields. This paper analyzes the key significance of performance appraisal in institutions and proposes ways to enhance performance appraisal innovation, which will prevail in financial management innovation in institutions and upgrade the value of its applications.

Research on the Reform and Innovation of Financial Management in Higher Universities under the Double-Class Construction Background: A Case from China University of Geosciences (Beijing)

Under the double-class construction background, the financial management has gradually become one of the most important contents of higher universities. It is the basement of all economic activities in colleges and universities, determines the basic direction of financial management, and is also subject to the overall development goal of colleges and universities. With the transition of the economic system of colleges and universities, the reform of the financial system and the continuous change of the financial management environment, the financial management is facing the challenge of informatization, knowledge and networking, which require colleges and universities to reform the original financial management system and innovate the concept, content and mode of financial management to adapt to the changes of colleges and universities in the new stage. Taking China University of Geosciences (Beijing) as an example, this paper analyses the necessity of financial management reform and innovation, and puts forward several suggestions for reform and innovation of financial management, so as to continuously improve the financial management level of higher universities under the double-class construction background.

Influence of technology optimisation based on machine learning algorithm on financial management innovation of e-commerce enterprises

Influence of technology optimisation based on machine learning algorithm on financial management innovation of e-commerce enterprises

Analysis of hospital financial management innovation model under the background of big data

In the context of today's era of big data development, hospital financial management should continue to innovate and change the original old model. Due to the increasing power of China's economic level, in a great context to change the current status quo, only through continuous development and innovation can achieve the desired goal, but for now, there are still deficiencies in financial management, we need to carry out effective measures for financial management and continuous optimization of processes, in order to ensure that the development of the hospital has a good future, for the sustainable development of the hospital to lay a good foundation.