Transformation Path of Enterprise Financial Management Based on Business-Finance Integration

Yuansi Tian

doi:10.54097/24h1re97

Authors

Yuansi Tian International Business College, Dongbei University of Financial and Economics, 116025, China

DOI:

https://doi.org/10.54097/24h1re97

Keywords:

Business-Finance Integration, Financial Management, Transformation Path, Digital Technology, Value Creation.

Abstract

Against the backdrop of the in-depth development of the digital economy and increasingly fierce market competition, the traditional accounting-oriented financial management model can no longer support enterprises' strategic upgrading and value creation needs. As a core concept to break the barriers between business and financial departments and realize data collaboration and value co-creation, business-finance integration has become an inevitable choice for the transformation of enterprise financial management. Based on the connotation and practical value of business-finance integration, this paper systematically analyzes the main transformation dilemmas faced by enterprises in organizational structure, information systems, talent reserves, data governance and other aspects. Combined with the application trends of digital technologies such as AI and big data, it proposes a systematic and operable transformation path from five dimensions: organizational collaboration, technological empowerment, talent cultivation, process reconstruction, and performance appraisal and incentives. This paper provides theoretical support and practical reference for enterprises to achieve the leap from traditional finance to value-creating finance.

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