CFO how to meet the financial big data era

CFO how to meet the financial big data era

Big data processing technology as well as big data management **** with the creation of the big data era, not only changed the traditional financial management concept, but also changed the positioning of the financial management function in the enterprise, so that the financial management and control of the path and mode is more diversified, which means that the financial workers of the professional ability to reshape the structure and the bottleneck of career development will have a A great breakthrough. The following is the knowledge I brought to you about how CFO meet the financial big data era, welcome to read.

CFO how to meet the financial big data era Part 1

Lean management to promote the integration of industry and finance

Different enterprises have different financial management mode, the most important thing in financial management is the high degree of integration of financial strategy and business strategy. For example, cost driver analysis, strategic cost management, the use of big data to achieve lean management, seamless integration of business processes and financial data and performance evaluation assessment, and finally put the work into practice.

Lean management is actually based on summarizing data and identifying patterns, and then implementing targeted financial management to achieve sound financial management. To make good use of management accounting tools, big data technology is a good application tool for finance. In the process of data collection, how to use and analyze the data is the most critical point.

Big data financial landing

First, the concept of innovation. In order to realize the financial creation of value in the internal growth of enterprises, enterprises need to open up the entire chain - from R & D, production, marketing, supply chain to finance, and put forward the value creation system of industry and finance as a whole. For enterprises that do not do capital operation, enterprise value creation must be closely linked with the business, the relationship between finance and business is similar to the relationship between 0 and 1, no business 1 finance is 0, but with the business of this 1, the back can add a lot of 0, finance is a great deal of work, which is the whole chain of the value system of the concept of innovation.

Second, the application of management tools innovation. The application of management accounting tools, and the use of the entire variable cost method to guide the allocation of resources. All the factors affecting the composition of product costs are summarized, the impact of the entire enterprise cost changes part of the detailed screening and differentiation, while affecting the customer's sensitive factors, but also a detailed analysis, so as to guide the allocation of resources, to ensure that the limited resources can be in the process of business operations to achieve the maximization of the value of the enterprise.

Third, the specific implementation of means of innovation. In the business first, financial second R & D-oriented units, financial want to play a greater role in the need to have a grip and breakthrough, that is, the use of comprehensive budget management tools. Through the comprehensive budget management this grip, focus on strategic cost management and profitability quality. Although the enterprise in the last five years are 20% of the rate of growth, but how to make growth and strategy to match, and to cultivate which the core business of the sustainable ability to profitability, financial cash flow identified as the focus of the hand, and then through the cash flow regulation to cultivate the core business.

Fourth, the strategy wants to land also need to be combined with the assessment. Only by combining performance and assessment, the performance of the entire enterprise will be improved logically. The object of financial services is the business, the implementation of all methods based on the basis of the enterprise to achieve sustainable development, the assessment of the landing point is the operation of the business people.

Data analytics is critical

Big data embedded in management accounting initiatives will have many new challenges for finance staff. And there are broad thinking and data analysis, in order to make the data become the real wealth of the enterprise: First, financial management should have "borderless management" thinking and "lean management" thinking. In the era of big data, finance is no longer just a standard job, it is more important to play a proactive role. Finance in the entire company's business processes to play a seamless role, whether one step forward or backward, can play a leading role in the entire business process. This role is to make financial efficiency.

Secondly, the simple numbers are unquestionable, only to collect, classify, summarize, filter these numbers, do different combinations, different analysis can be called data. Want to use data, analysis is crucial. From different dimensions, such as accounts receivable, return and other dimensions of analysis, you can develop different marketing strategies for different customers, differentiated bidding strategies for different products, different inputs for a reasonable allocation of resources. At this point, the data can be called the real wealth of the enterprise.

Big data is actually one of the most practical tools for management accounting. As far as business transformation is concerned, management accounting has advanced the summary of the aftermath to the production process and even the front-end applications. "Through the research project management software, you can give the personnel according to the week, days to the cost allocation, combined with the progress of the project, data comprehensive budget management also plays a role at this time." Miao Guangping said, through the data for the analysis of cost drivers, digging behind the data hidden business reasons, so as to guide the business work.

At the same time, this also fosters the insight and foresight of the financial staff, financial to the analysis work in favor of value-added to configure, in itself, is a very important feature of the big data era.

CFO how to meet the financial big data era Part 2

mobile Internet, industrial Internet and the integration of the manufacturing industry and the service industry in the context of the development of the "digital platform + intelligent ecological" has gradually become the "future of the enterprise" core management model. In the era of digitalization, new technologies, new industries, new industries, and new modes of new economic forms are being formed, forcing enterprises and CFOs to accelerate systematic thinking and comprehensive self-improvement.

Currently, under the impact of the epidemic, many small and medium-sized enterprises are facing financial constraints, resource shortages, management loopholes, and many other problems' constraints, and whether they can accurately grasp the core elements of digital transformation and strategic trade-offs, has become the key to whether these enterprises can successfully get through the difficulties of the epidemic. The company's newest product is a new, more advanced version of its original product, which is now available on the market in the United States.

CFO Practical Training Camp Helps CFOs Meet New Challenges

Currently, digital transformation is increasingly becoming an urgent need for enterprise development, and as the helmsman of the enterprise's financial work, the CFOs are also facing unprecedented pressure to transform, and they need to be able to switch between multiple roles in their work: participants in corporate decision-making, practitioners in capital operation, and people who have to work with the company to make decisions. The new era has given CFOs new responsibilities and new identities, including being a practitioner of capital operation, an applicant of intelligent numerical control, a promoter of business and financial integration, and a bearer of risk management and control.

How to quickly obtain these management capabilities, CFO practical training camp has become a lot of financial managers of the *** with the choice. CFO practical training camp preferred the Beijing Institute of Finance and Taxation high-quality teachers, through the optimization of the upgrading of the seven modules of the course, the theoretical knowledge and practical cases are integrated, to provide financial managers with a broader strategic thinking, knowledge structure and management tools, to help achieve the functional

As the teaching and research institute of CFO Practical Training Camp, Beijing Institute of Finance and Taxation is a 4A-level finance and taxation research institute evaluated by Beijing Municipal Bureau of Civil Affairs, specializing in the research of finance and taxation policies and practices for many years, and possessing an expert group consisting of four parts: professional experts, cadres of the taxation system, consultants of consulting agencies, and teachers of universities, which fully guarantees the quality of the courses.

In addition to authoritative institutions and authoritative teachers, CFO training camp also builds a systematic training system, "study + training" innovative learning mode, but also more in line with the intelligent age of the enterprise on the demand for financial executives, can help enterprise financial managers to quickly grow into a "financial wisdom", "financial wisdom", "financial wisdom", "financial wisdom", "financial wisdom", "financial wisdom", "financial wisdom", "financial wisdom", "financial wisdom", "financial wisdom", "financial wisdom", "financial wisdom". "The company's main goal is to provide the best possible service to its customers.

Comprehensive optimization and upgrading of the curriculum to help corporate CFO training

The CFO combat training camp curriculum brings together the best teachers and scientific research power of the Beijing Institute of Finance and Taxation, focusing on the current changes in corporate financial management and development trends, and at the same time, combining the latest policies with the unity of corporate financial practices, to help corporate finance managers to rapidly enhance their knowledge reserves and practical skills, as well as to improve the quality of their work. The course is designed to enhance the knowledge base and practical skills, and to cultivate strategic and creative senior financial management talents with the integration of business and finance and intelligence for enterprises.

In terms of curriculum, the 2020 CFO combat training camp course is newly optimized and upgraded, covering seven major modules of courses, including industry and finance integration transformation and financial value creation, business model innovation and financial strategy, corporate governance law application, performance evaluation under intelligent numerical control, profitability model and financing innovation, identifying financial traps in investment, and mergers and acquisitions and restructuring operational practices, which can help business managers y understand and grasp the importance of corporate finance and financial management, and also provide them with the necessary knowledge and skills. The course is designed to help business managers understand and master the difficulties and key points in corporate financial management, and enhance their financial management capabilities in all aspects.

For the new era of enterprise financial management personnel's career development needs, the CFO practical training camp program for enterprise managers to provide a channel for the continuous growth of talent. All participants in the CFO training camp, after passing the examination, can obtain a certificate of completion issued by the Beijing Institute of Finance and Taxation, and can also enter the national financial management talent pool. All the financial management personnel entered into the talent pool can apply for promotion of China's corporate financial management talent evaluation level, which provides a basis for the evaluation and promotion of talents by enterprises.

In the digital era, the demand for enterprise financial management talents that meet the needs of the times and are professionally competent falls short of the demand, while the systematic training of CFO combat camps makes it possible for the rapid growth of financial personnel, so that outstanding people can become winners in the workplace with the help of digital transformation.

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