1. Traditional financial accounting focuses on historical data and report preparation, while financial management pays more attention to future development and decision support. Financial transformation requires the finance department to look at the business development of the enterprise from a strategic level, to develop appropriate financial strategies and planning.
2. With the development of science and technology, the finance department needs to use advanced information technology to realize the automation and digitalization of financial work, such as financial software, cloud computing and big data analysis. This improves the efficiency of financial work and provides more accurate and real-time financial data support for enterprises.
3. Finance transformation requires finance staff to have cross-disciplinary knowledge and skills, such as finance, accounting, taxation, finance, and information technology, in order to provide more comprehensive and professional services. At the same time, the finance department needs to work closely with other departments to realize the integration of business and finance to create greater value for the enterprise.
4. Finance transformation makes the finance department change from passive response to active prediction and decision-making. Through data analysis, risk assessment and other methods, the finance department can proactively predict future risks and opportunities, formulate coping strategies, and help companies achieve sustainable development.