Advances in Economics, Management and Political Sciences

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Proceedings of the 2nd International Conference on Financial Technology and Business Analysis

Series Vol. 70 , 08 January 2024


Open Access | Article

Financial Sharing Centers Lead Digital Transformation in the Era of “Great Wisdom Moves to the Cloud” —Taking Sichuan Changhong as an Example

Ke Xu 1 , Xinyu Yu * 2 , Yongjie Zheng 3
1 Tianjin University of Finance and Economics, Tianjin 300222, China
2 Capital University of Economics and Business, Beijing 10070, China
3 Harbin Finance University, Harbin 150030, China

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 70, 1-11
Published 08 January 2024. © 2023 The Author(s). Published by EWA Publishing
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Citation Ke Xu, Xinyu Yu, Yongjie Zheng. Financial Sharing Centers Lead Digital Transformation in the Era of “Great Wisdom Moves to the Cloud” —Taking Sichuan Changhong as an Example. AEMPS (2024) Vol. 70: 1-11. DOI: 10.54254/2754-1169/70/20231493.

Abstract

Due to the information technology industry's rapid development, digital transformation has become the key to enterprise development. This essay is based on the historical context of the "great wisdom moves to the cloud" era, taking Sichuan Changhong as an example to conduct research, and discovers the lack of value in the traditional financial sharing center in the process of digital transformation. In order to address this issue, this paper comprehensively uses methods such as literature research, case analysis and data statistics to study and analyze the operation model and effect of the financial sharing center, and reveal its advantages and potential. Research has found that digital financial sharing centers can increase the speed and precision of financial business procedures, reduce costs, and provide more timely financial data and analysis results, thereby improving organizational decision-making capabilities. This research has important reference value for how enterprises deal with decision-making implementation issues arising from digital transformation. It provides useful experience and inspiration for other enterprises in the construction of financial sharing centers, and promotes the development of enterprises in digital transformation.

Keywords

Financial sharing center, digital transformation, financial process

References

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Data Availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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Volume Title
Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
ISBN (Print)
978-1-83558-271-8
ISBN (Online)
978-1-83558-272-5
Published Date
08 January 2024
Series
Advances in Economics, Management and Political Sciences
ISSN (Print)
2754-1169
ISSN (Online)
2754-1177
DOI
10.54254/2754-1169/70/20231493
Copyright
08 January 2024
Open Access
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Copyright © 2023 EWA Publishing. Unless Otherwise Stated