ERP based intelligent adaptive index and decision for power financial information

As the financial information of electric power enterprises becomes more and more complex, the method of processing original financial data is no longer applicable to continuous financial management. Enterprise Resource Planning (ERP) improves the efficiency of financial information processing and the quality of information management by coordinating and comprehensively managing all company departments. In the fierce market competition, although electric power enterprises may have some competitiveness, there are still many defects in the core financial management of electric power enterprises due to the low level of financial information. Therefore, this paper studied the application prospect of ERP in power financial informatization by analyzing the challenges and impacts of power financial informatization. Finally, according to the problems in the application, the adaptive computing model was used to solve them, and the corresponding solutions were proposed. Through experimental analysis, it was found that the enterprise informatization level under the new financial model was 12.3% higher than the traditional model, and the financial risk level was 36.6% lower than the traditional model. It could be seen that ERP could promote the development of power financial informatization and the accuracy of adaptive index calculation.

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Publication Details

Journal
Intelligent Decision Technologies
Published
2024-12-05
DOI
https://doi.org/10.1177/18724981241301706
Primary Topic
Energy Load and Power Forecasting
Type
article
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ERP based intelligent adaptive index and decision for power financial information

Weilun Chen, Yanfeng Ye, Yi Luo, Wenjun Yan et al.
Intelligent Decision Technologies
Energy Load and Power Forecasting
article

ERP based intelligent adaptive index and decision for power financial information

Weilun Chen, Yanfeng Ye, Yi Luo, Wenjun Yan, Zehua Han, Minn-Tsong Lin
article en

Abstract

As the financial information of electric power enterprises becomes more and more complex, the method of processing original financial data is no longer applicable to continuous financial management. Enterprise Resource Planning (ERP) improves the efficiency of financial information processing and the quality of information management by coordinating and comprehensively managing all company departments. In the fierce market competition, although electric power enterprises may have some competitiveness, there are still many defects in the core financial management of electric power enterprises due to the low level of financial information. Therefore, this paper studied the application prospect of ERP in power financial informatization by analyzing the challenges and impacts of power financial informatization. Finally, according to the problems in the application, the adaptive computing model was used to solve them, and the corresponding solutions were proposed. Through experimental analysis, it was found that the enterprise informatization level under the new financial model was 12.3% higher than the traditional model, and the financial risk level was 36.6% lower than the traditional model. It could be seen that ERP could promote the development of power financial informatization and the accuracy of adaptive index calculation.

Intelligent Decision TechnologiesVol. 19(2)
State Grid Corporation of China (China) (CN)
Openalex Percentile: Top 72%
Energy Load and Power Forecasting
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