Eight Trends in the Construction of Financial Sharing Center

On May 20, a training seminar on "Construction, Operation and Promotion of Financial Sharing Center in the Age of Great Intelligence Transfer and Cloud Transfer" was held in Shanghai by the Chinese Association of Chief Accountants. Chen Ting, Vice President of Yuanguang Software, was invited to attend the seminar. He gathered with more than 200 accountants in charge of finance, taxation, auditing and consulting from enterprises and institutions to talk about the way of financial transformation in the new era. As an opening report, Chen Ting said that in the digital era, finance is undergoing tremendous changes, the functions and boundaries of financial organizations are becoming increasingly blurred, the ability of financial personnel is changing from accounting to value creation, and new information technologies such as "cloud big things transfer intellectual chain" are constantly promoting new management models and financial digital transformation.

Chen Ting pointed out that "Finance is inherently a digital thinking, and the digital transformation of finance is an indispensable part of the digital transformation and upgrading of enterprises. Only under the background of digitalization, can the construction of Financial Sharing in group enterprises achieve better transformation results. She stressed that the transformation of financial digitalization began with the sharing of wisdom. Intelligent financial sharing is different from traditional financial sharing. By combining with Internet of Things, ecosystem and user experience, it supports the construction of distributed Financial Sharing Center and establishes a financial sharing mode based on "management neural network" of Internet of Things. By combining large data and artificial intelligence, it realizes Baidu data search, real-time display of business status and provides services for sharing. Speed up the quality and realize the digital operation of the financial sharing center. Based on years of exploration and practice and new technology research, Chen Ting summarized and shared eight major trends in the construction of shared services:

Trend 1: Based on financial sharing, extend vertically and deepen the intensive sharing of financial resources. Financial sharing is an important part of group financial resources management. Group enterprises should plan and deepen their application around "three-in-one" and "industry, finance and taxation in one".

Trend 2: Financial sharing information architecture gradually shifts to "stable background, large platform, small front desk". Stable background, build integrated cloud platform at infrastructure level, build unified business data center at data resource level; large platform, refer to provide powerful public services, including business platform and data platform; based on the construction of mid-platform, realize the application of sub-scenarios and roles in the foreground, form micro-application group, meet the standardization and personalization of business services, that is, small foreground.

Trend 3: Information construction mode of dual-mode IT. The traditional IT mode meets the requirements of stability and security for traditional business. At the same time, "sensitive IT" is used to quickly respond to the application requirements of new technologies such as mobile Internet, big data, artificial intelligence and so on. Chen Ting introduced that the "dual-mode IT" construction mode ensures the stability and flexibility in the process of enterprise digital transformation, and will become the mainstream mode of enterprise IT construction in the future. The information architecture will gradually change from the traditional single application architecture mode to the micro-service architecture mode. It is suggested that we adopt the idea of "priority first, priority first, priority first, priority first, difficulty first" to gradually realize the micro-service.

Trend 4: Intelligent devices are used to extend the shared services to the front line and realize the self-help of employees'experience. For example, through the intelligent bill delivery terminal, it can effectively solve the problems of queuing, bill verification, business data checking, receipt, bill loss and so on in the process of physical delivery; through the intelligent seal, it can manage the mobile application and approval of the seal, and realize the data collection and management in the whole process of printing.

Trend 5: Use artificial intelligence to help share services to improve quality and speed up, and liberate manpower. Bank-enterprise reconciliation robots, bank billing robots, fund settlement robots, intelligent monthly billing robots... Yuanguang Robot has become a member of the financial digitization team. It can efficiently complete the work of many scenarios and greatly improve the work efficiency.

Trend 6: From focusing on transaction processing to improving data value-added services. Traditional Financial Sharing centers mostly provide transaction business processing services. Now Financial Sharing centers pay more attention to providing data value-added services, such as data search, easy traceability of business relationships; through self-service data analysis, they can provide different value-added services to decision-making, management and operation levels.

Trend 7: Innovating business models through new technologies. For example, Yuanguang software develops a supply chain financial platform by using block chain technology, relying on the credit of core enterprises and taking "chain shells" as the value carrier, to realize the separation of the amount and duration of accounts receivable, which is more flexible than commercial acceptance bills and bank acceptance bills. "Chain Bay" is recorded on multi-party maintained block chain distributed accounts, which makes the asset transfer process more credible.

Trend 8: Financial personnel capacity transformation, the establishment of digital financial team. Chen Ting said that the new technology will give birth to many new jobs, such as equipment operators, robot trainers, data modelling designers, data operators, intelligent business travel operators, and so on, which require people with the corresponding knowledge to be competent. Therefore, it is imperative to do a good job of capacity reserve in advance, to train financial personnel in a planned and step-by-step way, and to set up a digital financial team.

Chen Ting said, "Enterprises that have been ahead have made a lot of exploration on the construction of traditional financial sharing centers, and the advantages of the latter are that new changes have taken place in the current technical support and organizational model. Now, planning for financial sharing has a higher starting point, a higher degree of wisdom and a farther planning direction."