Research On Business And Financial Integration Of Mobile Telecom Companies

In this information age,the economic globalization and the marketization are deepening gradually.The whole macro-economic situation changes at every moment.And the competition between enterprises is quite fierce.As the time for big data is coming now,the rapid development of information today has a great impact on enterprises.Because different kinds of external influence factors are penetrating into every aspect of business management,enterprises are not able to stay out of the way.In order to speed up the strategic transformation of enterprises and to improve business management,it is supposed that enterprises should comply with the new tendency,seize the opportunity and meet the challenge actively.Meanwhile,it is certain that enterprises themselves have their own needs of reform and business development.In a word,both the internal and external influence factors promote the operation and management reform of the enterprises.There is no doubt that financial management is an integral part of business management.Similarly,financial transformation is an important aspect of the operation and management reform of the enterprises.There exists the information island phenomenon.The traditional financial work is passive and usually lags.The business work and the financial work are often separated,which goes against the development of the enterprise itself and is harmful to the value creation and increase of the enterprise.Thus,it is necessary that we should take action to make a change.Business and financial integration is helpful to solve the problem.It is regarded as a critical part of financial transformation and is one of the main development trends of modern business management.Certainly,only by thoroughly promoting business and financial integration,can financial management itself be much well improved.After putting forward the concept of business and financial integration,it is a must for us to put it into practice.We should try to find out how to implement it.Aimed specially at the research theme of business and financial integration,the paper chooses the practice of a mobile telecom company to make a concrete analysis and study.As a matter of fact,mobile telecom companies are between the traditional manufacturing companies and the Internet companies.On the one hand,mobile telecom companies have to face the investment and cost pressure from those traditional manufacturing companies.On the other hand,they must meet the fierce challenges from the Internet companies.What's more,the mobile telecom industry is becoming more and more saturated at present.Along with the development of the times,a gradual decline in the overall value of the mobile telecom industry can be seen.The competition among the telecommunication operators is still tense.As a consequence,those mobile telecom companies are positively speeding up the strategic transformation on the purpose of increasing the revenue and decreasing the expenditure.In order to create and realize value of the company,carrying out the practice of management accounting based on business and financial integration is imperative.In the process of the research and the analysis,the paper is based on both standardized research and case study.To be specific,first of all,the paper reviews the theories and literature about business and financial integration.Then the paper summarizes the developing course of business and financial integration.On the whole,its developing course can be divided into four main stages from the independent operation to the deep integration.Besides,the paper consults the successful relative experience domestically and internationally.They are the practices of State Grid Jiangsu Electric Power Company and International Business Machines Corporation.After that,JSYD Company is chosen as the research object.The paper takes JSYD Company's practice of business and financial integration as an example.Apart from the introduction of the basic information of JSYD Company,the background and development of the business and financial integration are also explained below.Then the paper introduces the network maintenance management of JSYD Company,which is one of the specific applications of the business and financial integration.The main work during the whole process and the actual application results are interpreted.Next,the paper pays close attention to the three-tier structure of the business and financial integration built by JSYD Company.In particular,the overall construction thought of the three-tier structure is clarified in detail.Logically speaking,the construction thought is:the first is the management application layer,and then the modeling analysis layer and the last is the basis data layer.In the end,the paper illustrates the present challenges JSYD Company it faces and the future direction.Based on the practice of management accounting of JSYD Company,the paper studies and analyzes business and financial integration of mobile telecom companies concretely.We expect that the research can further enrich the practical significance of business and financial integration.In the meantime,we hope that it can further improve the related theories to some degree.