Building an Enterprise Financial Intelligence Analysis Platform and Its Impact on Decision Support

Abstract

With the tide of digital economy rolling over the world, corporate operation mode is being greatly transformed. On the one hand, with the application of the technologies such as Internet of Things and cloud computing, a large amount of data from multi-source and heterogeneous appear in the course of daily business. Data is “island” existing in enterprise ERP system, business system and third-party platform. On the other hand, the speed of change of market environment makes the traditional manual analysis method and experience decision-making mode can’t meet the requirement of real-time and precision management. Financial Intelligence Analytics Platform realizes innovation in platform architecture and upgrade in function by applying big data, artificial intelligence and other technologies. Its construction logic includes four aspects: data architecture, algorithm import, process adaptation and interface design. It also transforms decision support model in different level. To solve the problem of implementation, it is necessary to create data fusion, cross-department cooperation and intelligent early warning mechanism. Research shows that the core value of Financial Intelligence Analytics Platform is to promote finance from transactional accounting to value creating decision support, and use financial means to provide powerful support for the digital transformation of enterprise.