[Get close to CSC] Promote the integration of industry and finance and strengthen the strength and c

The essence of business-financial integration is that by requiring accounting operations to refine management and control of each business, promote the rationalization, standardization and automation of processes, and make the data of each business timely and transparent, we can strengthen the business operation and timely identify and respond to internal and external risks.
In business operations, business is the embodiment of the process of enterprise resource conversion, and accounting is the faithful expression of the results of business execution. The two themselves are integrated and coherent. This article explains the definition, importance, evaluation indicators, and the promotion method of Taiwan's Sinosteel Company, in order to help Jingang's action plan to promote the integration of industry and finance.
The definition of business and financial integration
1, narrow definition
From the perspective of accounting, all businesses are required to cooperate with the completion of accounting records and complete the integration of business and finance. Use financial, fixed assets, raw materials, energy, spare parts, semi-finished products, finished products and other resources in suppliers, production workshops, warehouses, customers, banks, and logistics providers……The conversion process of various resource types, management rights and ownership between them (Such as verification of revenue storage, production input, production output, settlement and out of warehouse, invoice issuance, payment, and collection..wait)At that time, completing the accounting login according to the accounting rules and forming the internal financial statements of the enterprise is a specific representation of the integration of business and finance.2, general definition
From the perspective of management, through the full process, integration, rationalization and standardization of the main line of purchase, production and sales and the people, finance and material support business, accounting is a by-product of business program automation, and can be comprehensively tracked and inspected based on account data. The importance of business and financial integration
1, Integration of business and finance is the internal strength to lay the foundation for digital management of enterprises.
Various automation and intelligent measures are an improvement in local benefits. However, no matter how strong the "one-yang finger" is,(Such as a certain intelligent application software), if you don't have internal skills (Database running through all business links of the enterprise), it is also difficult to improve the overall combat power of the company. 2, Integration of business and finance can unblock the internal meridians of the enterprise's operations and improve the enterprise's physical fitness.
The essence of business-financial integration is not the timely login of accounts, but the need for each business to promote detailed management and control through accounting operations, and promote the rationalization, standardization and automation of processes from detailed management and control, so that the data of each business is timely and transparent, so that the business quality can be strengthened, and the internal and external risks are promptly identified and responded to internal and external risks. Steel Enterprise Finance Integration Evaluation Index
Due to the interlaced business of steel enterprises and the complex process, the difficulties in promoting business integration in the steel industry are more prominent. Steel companies must standardize and refine the management and control of all front-end business processes, and combine it with information to improve the degree of business and financial integration.As for steel companies, the overall goal of integrating business and finance should include: 1, supply, production, sales and financial control
It is reflected in three levels: one is the integration and connection of processes to realize the closed loop of data flow; the second is the effectiveness of internal control and reconciliation mechanisms to realize the implementation of business management and control measures; the third is the high support of the information system to realize the platform for business integration, management integration and data integration.2, refined cost control
Construction takes each production process as the cost center and connectsERPWith each factoryMES, can feedback the cost changes of various operating businesses, and complete information systems for cost accounting of different steel grades and specifications, further provide customized order-taking benefits calculations and use scientific data to support the need to reduce costs and improve efficiency of each process.3, first-level management
The first-level accounting system, first-level financial organization, and the integrated process of business and finance, operate in a coordinated manner.4, one-day closing
One-day closing is a result indicator, reflecting the efficiency and effectiveness of the overall operation of the company.