At the recent World Accounting Forum, many industry professionals and leading figures attended the meeting. The meeting unanimously agreed that the deep integration of technology and accounting will open up financial management and enterprise value creation. New Era.
Financial management is moving towards digitalization and intelligence
China’s financial management has experienced three stages of development:
The first stage is In the 1980s, accounting computerization characterized by stand-alone applications was formed;
The second phase was the formation of a centralized group financial management characterized by networking in the 1990s;
The third stage is currently, financial management is moving towards digitalization and intelligence.
The important form of financial management digitalization is the financial shared cloud platform, such as Haier’s shared data center; the financial management intelligence is represented by financial robots, which can replace the manpower to complete the daily financial management work. Basic financial work such as billing, billing, payment, and statement consolidation.
The digital and intelligent transformation of financial management is also very important for the far-reaching development of enterprises:
First, it can promote the deep integration of financial departments and business departments, and solve the department’s The existence of information asymmetry and the concept of non-uniformity, to maximize the benefits of enterprises;
The second is to help enterprises create value and expand the scale of operations;
The third is to promote the transformation of financial personnel Positioning, in the face of the intelligent era of financial management, financial personnel need to strengthen their knowledge reserves, broaden the horizontal breadth of knowledge, and establish a knowledge system for cross-domain collaborative innovation.
The future financial management will continue to develop in an intelligent and digital manner. Management accounting personnel need to establish a financial intelligence team to specifically address major corporate issues such as financial development direction and value creation.
The low-end talent supply is greater than Seeking, high-end financial talent shortages
Although the financial intelligent transformation has been steadily carried out in major enterprises, the situation facing China in the past is still that the middle and low-end talents far outweigh the high-end talents.
In the case of Suzhou City, among the 273,449 accounting practitioners in the city, 7.78% of them are accounting supervisors; 1.45% are responsible for accounting institutions; only 1.14% are chief accountants and financial controllers. Etc.; the remaining 68.73% are general accountants or non-administrators.
From the data, there are very few talents in high-end financial positions such as management accounting, and most of the financial staff are still engaged in low-end work. With the cancellation of the accounting qualification certificate, the entry barrier for the accounting industry is lower, and it is expected that financial practitioners will continue to increase in the next few years.
However, what the company really needs is not the low-end basic financial staff, but the high-end financial personnel who can engage in more high-end financial management and provide benefits to the enterprise. Wanting to engage in high-end financial work requires financial staff to have a strong working background and certificate blessing.
With the continuous development of the national economy, the policies and systems of the accounting industry are also rapidly updated. All walks of life have put forward higher job requirements for accountants, with the intelligentization and digitization of financial management. The basic financial work will be replaced by artificial intelligence and financial shared cloud platform. The middle and low-end talents who are engaged in basic financial work face the crisis of being replaced.
In the third phase of financial management, the basic financial work can be completed with financial robots, and the emergence of the financial shared cloud platform has greatly improved the efficiency of financial management within the enterprise, which has prompted more accounting staff. Freed from the basic and repetitive work in the past, some of them will participate in the business, assisting the business unit to improve performance through financial data analysis and model deduction.
This requires accountants to constantly update the knowledge level and learn more scientific financial management methods, such as CMA, CPA and other financial certificates with high gold content and wide recognition, and accumulate more management. Experience, to be competent for higher-level positions, to provide credible and powerful decision analysis, and to customize strategic goals.