Financial Management Problems and Countermeasures of SMEs in the Context of Big Data

Wu Fang

doi:doi:10.11648/j.ijefm.20231104.15

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Financial Management Problems and Countermeasures of SMEs in the Context of Big Data

Wu Fang

Published in International Journal of Economics, Finance and Management Sciences (Volume 11, Issue 4)

Received: 14 July 2023 Accepted: 14 August 2023 Published: 15 August 2023

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Abstract

In recent years, the rapid development of the Internet has brought more and more new doses to the society. China has entered the era of big data. The development of big data has brought new opportunities and challenges to all walks of life. In particular, financial management, due to the high degree of dependence on data in the financial management industry, combined with big data can better play the role of financial management. The advent of the era of big data has brought historic innovation to the field of financial management. This paper first introduces the general situation of financial management of small and medium-sized enterprises, and then briefly describes the role of financial management of small and medium-sized enterprises under the background of big data. This paper analyzes the problems existing in the financial management of small and medium-sized enterprises, and puts forward solutions to the problems one by one. Finally, it lists the application example of enterprise financial management in small and medium-sized enterprises under the background of big data - ERP system. This paper expects to promote the standardization of financial management of small and medium-sized enterprises under the background of big data through the proposed financial management information system and financial early warning mechanism, improve the financial budget system and other suggestions, and then promote the healthy and sustainable development of small and medium-sized enterprises.

Published in	International Journal of Economics, Finance and Management Sciences (Volume 11, Issue 4)
DOI	10.11648/j.ijefm.20231104.15
Page(s)	200-204
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Small and Medium-Sized Enterprises, Financial Management, Big Data

References

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APA Style

Wu Fang. (2023). Financial Management Problems and Countermeasures of SMEs in the Context of Big Data. International Journal of Economics, Finance and Management Sciences, 11(4), 200-204. https://doi.org/10.11648/j.ijefm.20231104.15

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ACS Style

Wu Fang. Financial Management Problems and Countermeasures of SMEs in the Context of Big Data. Int. J. Econ. Finance Manag. Sci. 2023, 11(4), 200-204. doi: 10.11648/j.ijefm.20231104.15

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AMA Style

Wu Fang. Financial Management Problems and Countermeasures of SMEs in the Context of Big Data. Int J Econ Finance Manag Sci. 2023;11(4):200-204. doi: 10.11648/j.ijefm.20231104.15

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@article{10.11648/j.ijefm.20231104.15,
  author = {Wu Fang},
  title = {Financial Management Problems and Countermeasures of SMEs in the Context of Big Data},
  journal = {International Journal of Economics, Finance and Management Sciences},
  volume = {11},
  number = {4},
  pages = {200-204},
  doi = {10.11648/j.ijefm.20231104.15},
  url = {https://doi.org/10.11648/j.ijefm.20231104.15},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20231104.15},
  abstract = {In recent years, the rapid development of the Internet has brought more and more new doses to the society. China has entered the era of big data. The development of big data has brought new opportunities and challenges to all walks of life. In particular, financial management, due to the high degree of dependence on data in the financial management industry, combined with big data can better play the role of financial management. The advent of the era of big data has brought historic innovation to the field of financial management. This paper first introduces the general situation of financial management of small and medium-sized enterprises, and then briefly describes the role of financial management of small and medium-sized enterprises under the background of big data. This paper analyzes the problems existing in the financial management of small and medium-sized enterprises, and puts forward solutions to the problems one by one. Finally, it lists the application example of enterprise financial management in small and medium-sized enterprises under the background of big data - ERP system. This paper expects to promote the standardization of financial management of small and medium-sized enterprises under the background of big data through the proposed financial management information system and financial early warning mechanism, improve the financial budget system and other suggestions, and then promote the healthy and sustainable development of small and medium-sized enterprises.},
 year = {2023}
}

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TY  - JOUR
T1  - Financial Management Problems and Countermeasures of SMEs in the Context of Big Data
AU  - Wu Fang
Y1  - 2023/08/15
PY  - 2023
N1  - https://doi.org/10.11648/j.ijefm.20231104.15
DO  - 10.11648/j.ijefm.20231104.15
T2  - International Journal of Economics, Finance and Management Sciences
JF  - International Journal of Economics, Finance and Management Sciences
JO  - International Journal of Economics, Finance and Management Sciences
SP  - 200
EP  - 204
PB  - Science Publishing Group
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UR  - https://doi.org/10.11648/j.ijefm.20231104.15
AB  - In recent years, the rapid development of the Internet has brought more and more new doses to the society. China has entered the era of big data. The development of big data has brought new opportunities and challenges to all walks of life. In particular, financial management, due to the high degree of dependence on data in the financial management industry, combined with big data can better play the role of financial management. The advent of the era of big data has brought historic innovation to the field of financial management. This paper first introduces the general situation of financial management of small and medium-sized enterprises, and then briefly describes the role of financial management of small and medium-sized enterprises under the background of big data. This paper analyzes the problems existing in the financial management of small and medium-sized enterprises, and puts forward solutions to the problems one by one. Finally, it lists the application example of enterprise financial management in small and medium-sized enterprises under the background of big data - ERP system. This paper expects to promote the standardization of financial management of small and medium-sized enterprises under the background of big data through the proposed financial management information system and financial early warning mechanism, improve the financial budget system and other suggestions, and then promote the healthy and sustainable development of small and medium-sized enterprises.
VL  - 11
IS  - 4
ER  -

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Author Information

Wu Fang

School of Business Administration, Chaohu University, Chaohu, China

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Plain Text BibTeX RIS

APA Style

Wu Fang. (2023). Financial Management Problems and Countermeasures of SMEs in the Context of Big Data. International Journal of Economics, Finance and Management Sciences, 11(4), 200-204. https://doi.org/10.11648/j.ijefm.20231104.15

Copy | Download

ACS Style

Wu Fang. Financial Management Problems and Countermeasures of SMEs in the Context of Big Data. Int. J. Econ. Finance Manag. Sci. 2023, 11(4), 200-204. doi: 10.11648/j.ijefm.20231104.15

Copy | Download

AMA Style

Wu Fang. Financial Management Problems and Countermeasures of SMEs in the Context of Big Data. Int J Econ Finance Manag Sci. 2023;11(4):200-204. doi: 10.11648/j.ijefm.20231104.15

Copy | Download

@article{10.11648/j.ijefm.20231104.15,
  author = {Wu Fang},
  title = {Financial Management Problems and Countermeasures of SMEs in the Context of Big Data},
  journal = {International Journal of Economics, Finance and Management Sciences},
  volume = {11},
  number = {4},
  pages = {200-204},
  doi = {10.11648/j.ijefm.20231104.15},
  url = {https://doi.org/10.11648/j.ijefm.20231104.15},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20231104.15},
  abstract = {In recent years, the rapid development of the Internet has brought more and more new doses to the society. China has entered the era of big data. The development of big data has brought new opportunities and challenges to all walks of life. In particular, financial management, due to the high degree of dependence on data in the financial management industry, combined with big data can better play the role of financial management. The advent of the era of big data has brought historic innovation to the field of financial management. This paper first introduces the general situation of financial management of small and medium-sized enterprises, and then briefly describes the role of financial management of small and medium-sized enterprises under the background of big data. This paper analyzes the problems existing in the financial management of small and medium-sized enterprises, and puts forward solutions to the problems one by one. Finally, it lists the application example of enterprise financial management in small and medium-sized enterprises under the background of big data - ERP system. This paper expects to promote the standardization of financial management of small and medium-sized enterprises under the background of big data through the proposed financial management information system and financial early warning mechanism, improve the financial budget system and other suggestions, and then promote the healthy and sustainable development of small and medium-sized enterprises.},
 year = {2023}
}

Copy | Download

TY  - JOUR
T1  - Financial Management Problems and Countermeasures of SMEs in the Context of Big Data
AU  - Wu Fang
Y1  - 2023/08/15
PY  - 2023
N1  - https://doi.org/10.11648/j.ijefm.20231104.15
DO  - 10.11648/j.ijefm.20231104.15
T2  - International Journal of Economics, Finance and Management Sciences
JF  - International Journal of Economics, Finance and Management Sciences
JO  - International Journal of Economics, Finance and Management Sciences
SP  - 200
EP  - 204
PB  - Science Publishing Group
SN  - 2326-9561
UR  - https://doi.org/10.11648/j.ijefm.20231104.15
AB  - In recent years, the rapid development of the Internet has brought more and more new doses to the society. China has entered the era of big data. The development of big data has brought new opportunities and challenges to all walks of life. In particular, financial management, due to the high degree of dependence on data in the financial management industry, combined with big data can better play the role of financial management. The advent of the era of big data has brought historic innovation to the field of financial management. This paper first introduces the general situation of financial management of small and medium-sized enterprises, and then briefly describes the role of financial management of small and medium-sized enterprises under the background of big data. This paper analyzes the problems existing in the financial management of small and medium-sized enterprises, and puts forward solutions to the problems one by one. Finally, it lists the application example of enterprise financial management in small and medium-sized enterprises under the background of big data - ERP system. This paper expects to promote the standardization of financial management of small and medium-sized enterprises under the background of big data through the proposed financial management information system and financial early warning mechanism, improve the financial budget system and other suggestions, and then promote the healthy and sustainable development of small and medium-sized enterprises.
VL  - 11
IS  - 4
ER  -

Copy | Download