With the further development of the market and the continuous refinement of management, the integration of business and finance is widely mentioned as an important development trend of enterprise management. How to improve the integration of business and finance and how to break the contradiction between business and finance under the traditional management mode have become the key for enterprises to enhance their core competitiveness.
Business and financial integration is simply the integration of financial data and business data by using information system. By integrating business logic, business process and financial processing, it solves the problems of untimely information sharing, inconsistent data dimensions and serious disconnection between financial decisions and business progress, and ensures the accuracy of financial results. It effectively acts on the business process and helps enterprises achieve long-term and stable income growth. Accordingly, the integration of business and finance first requires the unification of financial and business management perspectives and decision-making ideas.
It is necessary to establish a good relationship of trust. Business should agree with financial management philosophy. Based on the long-term development of business, finance participates in the business decision-making, understands the business motivation, combines its own understanding of the company’s business philosophy and business operation rules, forms a rigorous financial management idea, implements the financial decision-making to specific business situations, supports the development of business work, and makes the financial management results more accurate and standardized when supporting the strategic decision-making of enterprises, which will help the development of enterprises at the business and strategic levels. Moreover, as a systematic and standardized management, it requires enterprises to build information systems as an important platform to connect finance and business.
Finance provides business decision support for business through integrated information platform, and enhances the ability of business side. The business side continuously refines the business process and puts forward new requirements for financial analysis and management. Hence, the development of the system must combine the needs of financial control and business development, facilitate the development of financial control and business feedback process, speed up the rapid implementation of data sharing and communication results between the two parties, and improve the overall operational efficiency of the enterprise through two-way cooperation.
Undoubtedly, when the operation of enterprises tends to be intelligent and data-oriented, the integration of industry and finance has become an important support for enterprises to achieve refined management and promote digital transformation. As a global financial consulting institution, Aplex V.A. continuously provides support for enterprises in various fields in management consulting, risk control, capital consulting, digital transformation and so on. It is dedicated to helping enterprises to enhance their core competitiveness and maximize their value. On the one hand, aiming at the integration of business and finance, Aplex V.A. can strengthen the ideological unity between finance and business by formulating a set of training plan for enterprise management. That is, business agrees with the management philosophy of finance, and finance can solve business problems. On the other hand, Aplex V.A. can help enterprises build an information platform. This platform can realize data access and information sharing among financial businesses, thus eliminating the information islanding effect, reflecting dynamic information in various aspects in a timely manner, and monitoring operating costs and capital flows, so that decision makers can understand the operation of enterprises at the first time and flexibly propose solutions.
Business and financial integration will undoubtedly bring broader prospects for the development of enterprises. For a long time in the future, it will be necessary for enterprises to make full use of financial resources to promote the working process of business. Especially, under the urgent demand of reducing costs and increasing efficiency, the layout of business and financial integration in advance has become an important solution of enterprise management.