Sage Journals: Discover world-class research

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of electric power enterprises becomes more and more complex, the method of processing original financial data is no longer applicable to continuous financial management.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.

Keywords

power financial information enterprise resource planning adaptive indicators intelligent computing model

Get full access to this article

View all access options for this article.

References

Chen

Ranciere

. Financial information and macroeconomic forecasts. Int J Forecast 2019; 35: 1160–1174.

Schinckus

. An essay on financial information in the era of computerization. J Inf Technol 2018; 33: 9–18.

Asandimitra

Kautsar

. The influence of financial information, financial self-efficacy, and emotional intelligence to financial management behavior of female lecturer. Human Soc Sci Rev 2019; 7: 1112–1124.

Cordazzo

Bini

Marzo

. Does the EU directive on non-financial information influence the value relevance of ESG disclosure? Italian evidence. Bus Strategy Environ 2020; 29: 3470–3483.

Lev

. The deteriorating usefulness of financial report information and how to reverse it. Account Bus Res 2018; 48: 465–493.

Jebe

. The convergence of financial and ESG materiality: taking sustainability mainstream. Am Bus Law J 2019; 56: 645–702.

Gold

. Do key audit matters impact financial reporting behavior? Int J Auditing 2020; 24: 232–244.

Roszkowska

. Fintech in financial reporting and audit for fraud prevention and safeguarding equity investments. J Account Organ Change 2021; 17: 164–196.

Al-Dalabih

. The impact of the use of accounting information systems on the quality of financial data. Int Bus Res 2018; 11: 143–158.

10.

Liu

Thorup

. Intelligent control method of accounting information based on multi-objective evolution. Int J Inf Technol Manag 2022; 21: 97–114.

11.

Jayeola

. Do small and medium enterprises (SMEs) need government financial support to successfully implement cloud ERP for better performance. Int J Acad Res Bus Soc Sci 2022; 12: 32–49.

12.

Rana

Luthra

Rao

. Key challenges to digital financial services in emerging economies: the Indian context. Inform Technol People 2020; 33: 198–229.

13.

Oulasvirta

. A consistent bottom-up approach for deriving a conceptual framework for public sector financial accounting. Public Money Manag 2021; 41: 436–446.

14.

Seifzadeh

. The relationship between management characteristics and financial statement readability. EuroMed J Bus 2021; 16: 108–126.

15.

Saputra

KAK

. Financial management information system, human resource competency, and financial statement accountability: a case study in Indonesia. J Asian Finance Econ Bus 2021; 8: 277–285.

ERP based intelligent adaptive index and decision for power financial information

Abstract

Keywords

Get full access to this article

References