The growth of traditional economic business mainly depends on tangible assets such as factories, machines and funds. In the Internet age, intangible assets such as patent rights, trademark rights, human resources and product innovation. Knowledge assets based on knowledge account for a large proportion of enterprise assets. The reason why traditional finance rarely considers these intangible assets when making financial decisions is because it is difficult to confirm and measure intangible assets. ERP system includes not only financial system, but also supply chain management, human resources and other systems, so these intangible assets can be analyzed and predicted from all aspects, enriching the content of financial management.
Enterprise resource planning emphasizes the integrity of financial management.
In the process of financial management, ERP system can not only provide necessary financial statements, but also provide a variety of management statements and query functions, provide financial management information more comprehensively, and provide services for strategic decision-making and enterprise management.
Organic combination of finance and production management
ERP system organically combines financial management with production management, and plays the role of planning and control. The system can integrate the production and financial management of enterprises. In the integrated environment, when the production and operation systems can operate normally, it is easy to drive the accounting system to operate normally. It is difficult for financial management system to drive production management system, but it is much easier for production management system to drive financial management system.
Change the mode of enterprise fund management
Two important functions of ERP fund management, namely, the automatic real-time generation of cash flow statement and the quantitative assessment of enterprise fund use by using internal banking structure, can make the group headquarters as an investment center to allocate and use funds reasonably.
Conclusion: With the change of business environment and the continuous development of information technology, the development of financial management from traditional single accounting to ERP modern financial management is bound to be more scientific, integrated, intelligent and networked. ERP implementation is the only way for enterprise management reform.