The Role of Financial Informatization in Enhancing Enterprise Risk Management: Strategies and Case Studies

In the rapidly evolving business environment of today, financial informatisation has become a key factor in enhancing the competitiveness of enterprises. This study aims to explore how financial informatisation affects enterprise risk management and proposes effective integration strategies. Through a literature review, this research first defines the concepts of financial informatisation and enterprise risk management and analyses the interplay between the two. Subsequently, the study introduces the framework and tools of financial informatisation, as well as the frameworks and methods of enterprise risk management. Based on the analysis of the impact of financial informatisation on enterprise risk management, this study proposes strategies for integrating financial informatisation with risk management, and validates the effectiveness of these strategies through in-depth case studies of enterprises. The results show that financial informatisation can significantly improve the ability of enterprises to identify, assess, and respond to risks, thereby reducing the risks faced by enterprises. This study provides theoretical and practical guidance for enterprises on how to effectively use information technology for risk management, and also points the way for future research.

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Publication Details

Journal
Frontiers in Management Science
Published
2024-12-01
DOI
https://doi.org/10.56397/fms.2024.12.08
Primary Topic
Insurance and Financial Risk Management
Type
article
Field-Weighted Citation Impact
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article

The Role of Financial Informatization in Enhancing Enterprise Risk Management: Strategies and Case Studies

Yi Yu
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Frontiers in Management Science
Insurance and Financial Risk Management
article

The Role of Financial Informatization in Enhancing Enterprise Risk Management: Strategies and Case Studies

Yi Yu
article en

Abstract

In the rapidly evolving business environment of today, financial informatisation has become a key factor in enhancing the competitiveness of enterprises. This study aims to explore how financial informatisation affects enterprise risk management and proposes effective integration strategies. Through a literature review, this research first defines the concepts of financial informatisation and enterprise risk management and analyses the interplay between the two. Subsequently, the study introduces the framework and tools of financial informatisation, as well as the frameworks and methods of enterprise risk management. Based on the analysis of the impact of financial informatisation on enterprise risk management, this study proposes strategies for integrating financial informatisation with risk management, and validates the effectiveness of these strategies through in-depth case studies of enterprises. The results show that financial informatisation can significantly improve the ability of enterprises to identify, assess, and respond to risks, thereby reducing the risks faced by enterprises. This study provides theoretical and practical guidance for enterprises on how to effectively use information technology for risk management, and also points the way for future research.

Frontiers in Management ScienceVol. 3(6)
Jiangyin People's Hospital (CN), Jiangyin Traffic Planning Survey & Design Institute (China) (CN)
Openalex Percentile: Top 70%
Insurance and Financial Risk Management
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