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

Yu Yi
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Yu Yi: Jiangyin Jiahao Metal Products Co., Ltd., Jiangyin 214421, China

Frontiers in Management Science, 2024, vol. 3, issue 6, 46-55

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.

Keywords: financial informatisation; enterprise risk management; information technology; risk control; integration strategies (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:bdz:frmans:v:3:y:2024:i:6:p:46-55

DOI: 10.56397/FMS.2024.12.08

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