Financial Management Reforms In The Information Age

Since the middle of the 20th century,the information technology is becoming the leading technology to promote the economic development and social progress,the information industry has gradually become a leading industry to the social development,especially with the rapid development and wide applicatiion in the field of Internet and e-commerce,which made our socioety has entered into the information time with the characteristics of Internet. Meanwhile,the information technology which foucus on the computer technology has made a profound effection on the development of companies.It also improves the competitiveness of enterprises,changes the living environment,and promotes the optimization and upgrading of companies structure,as well the business organizational structure changes.As the major parts of company management the financial management has also faced the reforms which focus on the operational for the financial data,the concentration of the accounting and the integration of the financial services.In the tide of transformation,the companies will lose the advantage of competitive if they can not form their own competitiveness in the global trend of economic integration.And those who can follow the trend will be the unique and keep growing up depend on financial management.These changes take the challenges to the financial management,just because the traditional financial management could not keep up with the requirement of the information time,the reform of management becomes inevitable.It's very important to take the effective policies to fit the demand of modern company managerial requirement in the variable internal and external marketing environment.Through the view point of information age,we therefore analyze the issue which reflects the weak relationship between the business and finance,even not concentrates governing accounting affairs but arises out the departmental isolation balance sheet and the specific finance index and transactions,which confuse the finance staff and impact severely the company centralization management and compliance.On the background of evolution trendency to handle the troubleness in finance domain,we use the theories of Business Process Reengineering Integrated Financial Settlement,Balance Score Cards to analyze the the root cause in the finance affairs.List the successful enterprise experience,clarify some features and functions of Financial Depth Development of Financial Sharing Service.We provide a factual example of AirMedia Group setting up the management information system to support the financial service development,and the enterprise get a better return.