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September 28, 2023· International Journal of Business Management and Economics and Trade
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Research on the Integration of University Operations and Finance Departments Based on the Financial Data Sharing Model

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Abstract

With the rapid changes in technologies such as artificial intelligence, the management methods and management modes of universities need to keep pace with the changes of the times.It is a necessary prerequisite to improve management efficiency and reduce management costs for managers to grasp all effective information in a timely and accurate manner."This paper aims to find new support points to make the financial management of universities gradually move from decentralization to centralization, liberate financial personnel from simple accounting work and participate in management, realize the transformation of financial management, and provide strong guarantee for the reform and development of universities. The Purpose of Integration of the Operations and Finance Departments in Colleges and UniversitiesIntegration of the 0perations and finance departments is to organically combine the Operations and finance of colleges and universities, and financial personnel will take the initiative to participate in operation activities, and understand operations work while knowing finance work, so that financial personnel will become "all-round comprehensive"[1-3].Let the financial personnel who understand operations actively and effectively participate in the whole process of operations activities, which can not only enhance the accuracy of operations decisions, but also improve the quality and efficiency of operations activities, analyze the effective and dynamic operations and financial data at all times, provide decision-making guidelines for the cutting-edge Operations activities and form effective prior guidance.The "integration of operations and finance departments" is a new requirement for financial work [4][5][6], a new direction for the transformation and development of financial work, and a requirement and expectation of universities for financial management [7][8].

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