Research On Financial Management Transformation Of Y Company From The Perspective Of Business And Financial Integration

As the value management department of an enterprise,the financial department holds a large amount of business information and data of the company.Driven by the changes of external economic environment,the strategic transformation of the enterprise,the need of enterprise value management,the arrival of intelligent era and the application of new technology,the traditional financial management mode characterized by transaction processing and post supervision in the past can no longer support the realization and operation of the strategic objectives of the enterprise In order to meet the needs of financial development,it is imperative for modern enterprises to carry out the financial management transformation based on the perspective of industry finance integration.Taking Y company as an example,based on value management and other related theories,this paper reviews the three stages of financial management evolution of Y company,focusing on the implementation of financial management transformation based on industry finance integration(organization and talent construction,financial sharing promotion process and system reengineering,comprehensive budget,business finance,internal control management),There are still three outstanding problems in the integration of industry and Finance: finance is not fully and deeply involved in the strategic planning and investment decision-making of new industries;finance is not fully sunk to the level of product line to carry out simulated profit management;the lack of advance management of target cost of new products affects the competitiveness of products,The optimization measures are put forward: to strengthen the function of strategic participation and optimize resource allocation prospectively by clarifying the financial audit standards and calculation model of industrial investment projects,optimizing the investment decision-making process,finding problems in medium and long-term planning and initiating business measures;By promoting the reform of simulated profit center,building the financial statement system of product line and deepening the financial management into the product life cycle,we can improve the operation ability of product line;By improving the new product development process,adjusting the performance appraisal of purchasing staff,clarifying the new material pricing review rules and upgrading decision-making mechanism,the target cost management in advance can be comprehensively promoted to enhance the cost competitiveness of new products.In order to ensure the effective implementation of the transformation,this paper puts forward safeguard measures from the value synergy of Finance and business,the change of values and improvement of ability of financial personnel,and the use of scientific management methods and tools,so as to help Y company achieve its strategic objectives..It is hoped that the financial transformation case of Y company can provide reference and help for similar large manufacturing enterprises in financial integration and financial management transformation.