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Home > News > Valuable News > Far-sighted Software: What development trends should we grasp in the new era

Far-sighted Software: What development trends should we grasp in the new era

ECHEMI 2020-03-23

A seminar on "Financial Transformation, Management Accounting Innovation and Financial Sharing in the Digital Intelligence Era" was held in Beijing by the China Association of Chief Accountants. Yuanguang Software was invited to participate in the seminar. It gathered with more than 230 experts in the fields of finance, taxation, auditing and consulting from enterprises and institutions to talk about the way of financial transformation in the new era. With the development of new technologies such as big data, artificial intelligence and cloud computing, group enterprises are facing organizational and management changes of digitalization and intellectualization. Yuan Juanjuan, Director of Financial Sharing Consulting of Yuanguang Software, made an in-depth sharing at the meeting. She said that Yuanguang Software has more than 30 years of practical experience in enterprise management informationization. It pays attention to the combination of management software and new technology of "cloud big thing transfer chain". It provides group management consultation and informationization services for the top 500 companies in the world, such as State Grid, Southern Power Grid, State Power Investment Group, Haier Group and other well-known enterprises and institutions in China, relying on years of experience and technology accumulation. This paper summarizes several major development trends that should be grasped in the construction of New Era Group's Intelligent Financial Sharing Center:

 

First, the financial sharing organization is more flexible. There are many modes for the construction of Financial Sharing Center in group enterprises. Enterprises can adopt distributed or centralized construction modes according to their own personnel, jurisdiction and business situation to meet the dual needs of service and control. At the same time, "flexibility" is also reflected in the integration of industry and finance. In addition to the conventional "wall" which opens the horizontal and vertical inside the enterprise, many enterprises'Financial Sharing centers will also open up the external links and form the industrial chain collaboration of the ecological circle.

 

Secondly, the Financial Sharing Center has become the pioneer of digital innovation. New technology will promote the emergence of many new positions, many of which are first set up in the Financial Sharing Center, such as user experience designer, voice interaction designer, algorithm model designer, machine training personnel, IOT equipment operator, API manager, business travel operator, etc. these positions form a financial digital team and become the digital innovation of enterprises.

 

Third, group enterprises should deepen the intensive sharing of financial resources around "three-in-one". Financial sharing is an important part of group financial management and control. Financial sharing consolidates the basis of financial management and control, and further deepens the intensive control of financial resources around budget, fund settlement and accounting. Taking account reporting as an example, the system automatically completes budget control, fund plan execution control and accounting voucher generation based on the background "three-in-one" system after auditing business compliance.

 

Fourth, the information architecture of financial sharing has gradually shifted to "stable background, large platform, small front desk". Background stabilization refers to building an integrated cloud platform at the infrastructure level and a unified data center for all businesses at the data resource level; large platform refers to providing powerful public services, including business platform and data platform; small front desk refers to realizing sub-scenario and role-based applications at the front desk, forming micro-application clusters to meet standardized and personalized business services.

 

Fifth, using intelligent devices to achieve self-service and enhance experience. Several dozens of intelligent management devices launched by Yuanguang software extend to the front line, such as Yuanguang intelligent accounting terminal, realizing one-stop self-service of bill delivery, scanning, inspection and storage; intelligent seal, realizing data collection and management in the whole process of printing, and preventing printing risks.

 

Sixth, using artificial intelligence services to speed up and liberate human resources. Image Recognition Robot, Bank-Enterprise Accounting Robot, Bank Receiving Robot, Fund Settlement Robot, Intelligent Monthly Settlement Robot... Hundreds of RPA robots launched by far-light software can effectively unlock the work of many scenes and greatly improve the work efficiency.

 

Seventh, 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. For example, through self-service data analysis, they can provide different data value-added services to decision-making, management and operation levels. How to plan the construction of enterprise financial sharing center? Yuan Juanjuan said, "Enterprises should be planned in at least three stages. The first stage is mainly for the intensive control of the group and the improvement of efficiency. The first stage is to establish standards and create a sharing model. The second stage is to increase value-added services and revenue, and to refine the multi-business scenarios to enhance the construction. The third stage is the mature period, providing data analysis services on the basis of continuous optimization of financial sharing.

 

For many large enterprises with existing ERP systems, Yuan Juanjuan proposed to adopt the construction mode of "ERP+financial sharing". "There are already very mature technologies that can seamlessly connect ERP with financial sharing," she said. For example, a business front-end procurement needs, procurement contracts, material acceptance and warehousing links are completed in ERP system. When business flows to the financial sharing center, financial personnel receive tasks from the financial sharing platform, complete the audit, submission, voucher generation, the corresponding data will be synchronized to the ERP system. Moreover, the financial personnel can also penetrate forward through the vouchers to understand the business data processed by the front end of the ERP system.

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.

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