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.

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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
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article

Financial Informatisation: Strategic Role in Enhancing Corporate Competitiveness

Yi Yu
Journal of World Economy
Economic Growth and Development
article

Financial Informatisation: Strategic Role in Enhancing Corporate Competitiveness

Yi Yu
article en

Abstract

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.

Journal of World EconomyVol. 3(4)
Jiangyin People's Hospital (CN), Jiangyin Traffic Planning Survey & Design Institute (China) (CN)
Industry, innovation and infrastructure
Openalex Percentile: Top 60%
Economic Growth and Development
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