Based on Financial Reform and Intelligent Finance New Era

All things are interconnected, open and shared. Recently, "Financial Intelligence Sharing Summit Forum 2019" opened in Shanghai. Focusing on the new era of intelligent finance, the forum invited more than 700 CFOs, financial executives and authoritative scholars from enterprises to discuss how to optimize the allocation of enterprise resources through technological innovation and financial system reform, steadily complete the financial intelligent and digital transformation, and enhance the competitiveness of enterprises. Chen Ting, Vice President of Yuanguang Software, and Yu Hongtao, General Manager of Customer Business Department of Yuanguang Group were invited to participate in keynote speeches and round-table discussions to share relevant views and suggestions. At present, new technologies such as cloud computing, big data, artificial intelligence and block chain are bringing about a new round of technological revolution and industrial transformation. What changes will new technologies bring to the transformation of sharing center and financial management? Liu Junyong, secretary and professor of the CPC Committee of the School of Accounting, Central University of Finance and Economics, first made a speech, pointing out the positive value of new technology in promoting the reconstruction of financial process and accelerating the digitalization and intelligent upgrading of enterprises. Chen Ting highly agreed that "with the rapid development of technology, technology not only leads the creation of value, but also leads the innovation of business model." For example, bills must be endorsed as a whole before transferring. Now Yuanguang's block chain product "Chain Bay" can split bills into several small sums to endorse them while retaining the trust mechanism, which helps to build the financial platform of supply chain. This is the change of business model brought about by the emergence of block chain technology. In the process of development, Yuanguang software has always attached great importance to the research and development of advanced technology. All products have independent intellectual property rights, making technology a strong driving force for enterprise development. In addition, Chen Ting, in her keynote speech on "Sharing Wisdom, Reshaping the Cognition of Management and Control Value", put forward seven trends of future financial sharing: first, distributed Financial Sharing in organizations, setting up one or more sub-centers, and all sub-centers are under the unified control of the head office, that is, the "1+N" model. Secondly, the information architecture of "stable backstage, strong mid-stage and micro-front stage" should be constructed to transform to the microapplication ecosphere of data fusion. Thirdly, we should deepen the intensive sharing of financial resources around the "three-in-one" concept, including management control, resource control, risk internal control and so on. Fourthly, the use of intelligent equipment service self-help, enhance the first-line experience, while achieving business process data collection and management, strengthen internal control. Fifth, using artificial intelligence services to speed up, liberate human resources, help financial personnel from the tedious and repetitive work, focus on more professional and more valuable work. Sixthly, from focusing on transaction processing to upgrading data value-added services, to provide more powerful data support for enterprise decision-making. Seventh, innovate business models through new technologies.

The conference also discussed the application and development trend of big data and artificial intelligence in the field of enterprise finance, the best practice and landing value of pioneers, the application scenario and planning blueprint of future enterprise intelligent finance. Yuanguang Software has been deeply cultivated in the field of enterprise management informationization for many years. It pays attention to the innovation of business model for a long time. In recent years, it has continuously increased investment in research and development of new technologies, and has achieved many excellent practices. Chen Ting said that in the follow-up, the company will continue to strive to provide customers with more high-quality products and services, to help the group enterprise customers digital, intelligent transformation and upgrading.