Author(s)

Baoxin Zhang

Corresponding Author

Baoxin Zhang

ABSTRACT

The massive databases and fast information decisions brought by big data bring value to more and more fields, which can also be reflected in the financial management system of enterprises, given its main business processes of data processing and data prediction. Additionally, digital solutions give firms with a more dependable and efficient decision-making process, thus boosting corporate governance and financial management, both of which rely on some degree on estimation and experience. The essential characteristics of big data will be discussed first, followed by the inadaptability of standard financial management systems under big data. The study will next explore the trajectory of financial management reform using big data as a guide. Finally, the new big data system's associated difficulties will be investigated.

KEYWORDS

Big data, financial management system, Data processing