Financial Informatisation: Strategic Role in Enhancing Corporate Competitiveness
In the context of globalisation and rapid development of information technology, enterprises are facing increasingly fierce market competition. Financial informatisation, as an essential component of corporate informatisation, plays a crucial role in enhancing corporate competitiveness. This study aims to explore how financial informatisation can strengthen market competitiveness through optimising resource allocation, improving decision-making efficiency, and enhancing risk management capabilities. Through literature review, case analysis, and empirical research, this study reveals the positive impact of financial informatisation on cost control, quality management, innovation capability, service efficiency, and brand building of enterprises. The results indicate that financial informatisation not only improves operational efficiency but also promotes long-term sustainable development of enterprises. This study provides strategic recommendations for enterprises on how to effectively implement financial informatisation and offers references for academic research and practical applications in related fields.
Authors
- Yi Yu (ORCID: https://orcid.org/0000-0002-7031-1854)
Institutions
- Jiangyin People's Hospital (CN)
- Jiangyin Traffic Planning Survey & Design Institute (China) (CN)
Publication Details
- Journal
- Journal of World Economy
- Published
- 2024-12-01
- DOI
- https://doi.org/10.56397/jwe.2024.12.15
- Primary Topic
- Economic Growth and Development
- Type
- article
- Field-Weighted Citation Impact
- 0.00