Year: 2024
Type: article
Abstract: With the intensification of competition in the industry, it is difficult for enterprises to further improve their core competitiveness by relying only on the traditional financial management model, so it is essential to change the traditional approach and realize business-finance integration and the high degree of information integration through integrating the business and finance. Because the implementation of business-finance integration, not only can optimize the financial work, strengthen the high quality of business activities, but also promote the improvement of the level of business management. This paper analyzes the characteristics of business-finance integration and the requirements for the enterprise. It also studies the current situation of business-finance integration of manufacturing enterprises, and by selecting three representative enterprises to be analyzed, it describes the problems and challenges in the process of their business-finance integration and puts forward corresponding solutions. According to the analysis of the above cases, on the one hand, it can promote the understanding of the current situation of the integration of business and finance in manufacturing enterprises, and on the other hand, it hopes that it can provide references for related enterprises.
Author: Yiheng Peng
Institution: Shanghai University
Language: English
Subfield: Management Information Systems
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W4403582234