Research on the Digital Transformation of Financial Management in Small and Medium-sized Enterprises Under the Background of Big Data and Cloud Computing

Abstract

As the global digital economy advances, enterprises have accelerated their in-formatization and digitization transformation. Currently, in the context of big data and cloud computing, enterprises continuously integrate big data and cloud computing technologies on the basis of informatization construction, combining new technological applications with highly efficient business management. This integration places higher demands on the quality of financial management. Small and medium-sized enterprises (SMEs) constitute a vital part of China's economy. Due to limitations in scale, capital, and management philosophy, these enterprises often adhere to traditional financial management models, possess a low level of informatization, and face a scarcity of financial professionals with a background in new technologies. Numerous challenges in the process of digital transformation hinder the shift of SMEs' financial management functions from being accounting-oriented to being management-oriented. This paper takes the concept of digital transformation of financial management as a starting point, analyzing the necessity of this transformation. Simultaneously, it conducts an analysis and research on the problems existing in the digitalization of financial management in Chinese SMEs, proposing corresponding solutions. The aim is to provide guidance for the digital transformation of financial management in small and medium-sized enterprises.