Author(s)

YaoJia Peng^*, HeHui Yuan, LiuJia Ling, Qiu Qian

Affiliation(s)

School of Accounting, Beijing Wuzi University, Beijing 101126, China.

Corresponding Author

YaoJia Peng

ABSTRACT

In the wave of digital transformation, BEWG has realized a remarkable leap through financial management innovation. It has deeply reshaped its financial management system by utilizing advanced technologies such as the financial shared service center. Digital transformation not only greatly improves the efficiency and accuracy of financial processing, but also promotes the intelligent process of financial management. Relying on the information-based monitoring platform and technologies such as RPA and OCR, NCCW realized automated processing and standardized management of financial data, effectively reducing human errors and accelerating data processing speed. At the same time, through the close integration with the business system, it realizes the seamless connection between finance and business, builds a comprehensive financial management knowledge base and intelligent customer service system, optimizes the management process, and improves the operational efficiency and service quality. The practice of BEWG has proved that digital transformation is a key driver of financial management innovation, injecting new vitality into the development of enterprises. This successful case provides valuable experience for the water sector, that is, enterprises should actively adopt new technologies and accelerate the intelligent transformation of financial management to meet future challenges and achieve sustainable development.

KEYWORDS

Digitalization; Financial management; Financial sharing; Sustainable development

CITE THIS PAPER

YaoJia Peng, HeHui Yuan, LiuJia Ling, Qiu Qian. Financial management innovation of Beijing enterprises water group limited in the context of digital transformation: effectiveness and implications. Journal of Trends in Financial and Economics. 2024, 1(1): 27-38. DOI: 10.61784/jtfe3007.

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