Digital transformation of currency

1. First of all, digital currency is not the national legal tender, but the "alternative currency in the form of electronic currency", such as bitcoin, ecell currency and ether currency. Currency digitization is to represent the common currency with numbers, and the number corresponds to the national legal tender. There is a big difference between the two.

2. Currency digitalization is like WeChat Alipay, and bankcard pays
1. digital currency facing two risks. The first is the technical level. Digital currency relies on blockchain technology and a system, which will make it suffer from security impact, such as hacker attacks on computer systems. We have seen many practical problems in this process< Another risk of digital currency is credit risk. Because there are middlemen in digital currency transactions, these middlemen are different from real organizations. In reality, organizations can be seen and felt, but the middlemen of digital currency are on the Internet, so the risk is greater
3. Digital currency has the characteristics of anonymity, quickness and irrevocability. In addition, bitcoin and other digital currencies have high circulation in the world, so many criminals use digital currency as a new money laundering channel. Moreover, there are many different ways to realize money laundering through digital currency. Generally speaking, the probability of new money laundering being found and investigated is lower than before. Many countries have no effective means and technology to combat money laundering through digital currency. These factors lead to criminals prefer this way of money laundering
investment is risky and business should be cautious

3. Yes, yu'ebao and bitcoin are not the same concept. One is to make full use of currency, and the other is to replace traditional currency. And there is no effective regulation, so bitcoin is bound to fail

4. The digitization of money in form is desirable. Direct bank card transfer, online payment and other means can greatly facilitate people's lives and rece the trouble of carrying a large amount of cash. But in essence, money can not be purely digitized, because money not only has the function of payment, but also has the function of wealth storage. Money must have a constant value "anchor" to maintain its value (such as gold). Otherwise, pure digital money is easy to be controlled by the government or large financial institutions, and the currency value is unstable, It is easy to ince hyperinflation, thus damaging the vital interests of the masses.

5.

COVID-19 is the touchstone of testing the digitalization capability of enterprises. Through a mobile phone, a computer and a screen, in this extra long holiday, a few enterprises with digital ability not only keep running orderly, but also explore good strategies to turn crisis into opportunity by virtue of their agile response ability. For example, Anta Group, which has been running on the road of digital transformation in recent years, relying on the front-end and back-end digital platform, has opened a new sales mode of "full staff shopping guide", easily realizing daily sales of more than 10 million. However, e to the lack of digital foundation, more enterprises are at a loss in the face of the repeated delay of offline resumption, and can only passively bear the impact of the epidemic

before the epidemic, digital transformation was just a slogan and an idea for many enterprises. Then, after this epidemic, enterprises will accelerate to embark on the road of digital transformation. But how to go digital? For many enterprises, it is still a difficult problem

financial digitization is the entry point of enterprise digitization

digitization is to use digital technology to reconstruct the real colorful world in the computer virtual world. When it comes to enterprise operation and management, enterprise digitization is to simulate the whole process of enterprise operation in the computer world, and feed back the data to the real world, so as to guide future decisions and behaviors and promote business growth. In this way, digitalization not only means digitalizing the front-end sales and logistics of the enterprise, but also means matching the financial, procurement and internal resource allocation of the back-end with the new business model of the front-end. In this process, financial digitization can be said to be the best entry point for enterprises to realize comprehensive digitization

reviewing the historical process of enterprise informatization and digitization, finance plays an important role in every enterprise transformation. Whether it is accounting computerization or ERP Popularization Movement, finance is the engine to promote the comprehensive transformation of enterprises, and is an important grasp of the optimization and upgrading of enterprises. On the one hand, this is because the financial system is connected with senior executives and every employee; The left is connected with purchasing and operation, and the right is connected with marketing and service; It is followed by accounting report and analysis decision. Financial system itself has the characteristics of concatenating various departments, management process and three-dimensional data structure, which is the natural advantage of leading enterprises to carry out comprehensive digital transformation at all levels. On the other hand, financial management is the lifeline of enterprise management, almost all the embodiment of enterprise management level and competitiveness are financial as the core. The financial system holds a large number of core data of enterprises, and these data, as an important indicator and decision-making basis to measure and evaluate the operation performance of enterprises, is an important basis for enterprises to realize informatization and digitization

therefore, although the digital transformation technology constantly subverts the traditional enterprises, the financial management as the core cannot be changed. Financial system is responsible for leading the enterprise to digital. If enterprises want to realize digital transformation, the first step is to realize financial digitization

implementation strategy of financial digitization

financial digitization has two meanings: one is the comprehensive application of digital technology represented by "big smart cloud" and blockchain; the other is the comprehensive reform of financial mode, including organization, process and work mode, so that the financial system can better support the business development of enterprises. The Internet business model is a capital economy dominated by the consumer side and centered on the model. Nowadays, many enterprises have applied the new idea of online and offline integration in the business end, but the financial support system still adopts the traditional mode of separating from the transaction, taking post reimbursement as the main line, and taking risk control as the goal. The process is complex and inefficient. Obviously, it can not match the management requirements of the front-end rapid response, so it must be reshaped

we believe that enterprises should adopt the following two strategies to guide the reform of financial model and promote the process of financial Digitalization:

connecting the whole process

the core of digitalization is connection, that is, using the new generation of information technology to realize the connection of internal departments, between enterprises and users, and between enterprises and upstream and downstream suppliers, And even the connection between enterprises and the whole society in the future. Specifically, in the field of financial digitalization, it is necessary to fully connect the financial process with the business process and management process, realize the "Internet" of the whole process, connect the inside and outside based on the Internet, reconstruct the financial process, and make the back-end finance and front-end transactions synchronous online

under the traditional financial mode, financial process and transaction are separated, resulting in a large number of rendant process links. Taking cost control as an example, many enterprises have designed many control processes in order to achieve process control. For example, enterprises often need to set up the pre budget application and budget approval process to ensure the correct use of the budget, and when the transaction occurs, whether it is business personnel, approval leaders or financial personnel, we must repeat a lot of post work, resulting in inefficient and high cost management. At the same time, in the traditional financial system, the financial accounting confirms the profit and loss according to the accrual basis, and enters the account according to the invoice. The business occurrence and business entry are separated, and the financial processing lags behind the business activities in time, which leads to the historical and lack of foresight information provided by the financial accounting. At the same time, financial accounting proces and transmits information regularly according to the requirements of accounting staging assumption. In the full market competition, there is a huge contradiction between the fixed time of financial accounting information transmission and the timeliness of decision-making. The superposition of these two factors makes the traditional financial information lag behind and can not meet the needs of users' real-time decision-making

in order to fundamentally solve the above problems, enterprises first need to get through the financial and transaction, and reconstruct the financial process and eliminate a large number of rendant links by connecting the financial process, business process and management process. Secondly, we should make the financial process, business process and management process all on the Internet, so that all transactions on the business side can occur online, so that all businesses on the financial side can be processed in real time based on online transactions, so as to realize the transformation of post accounting and reimbursement into accounting and reimbursement when business occurs, and the transformation of manual accounting processing into online automatic real-time processing

get through full data

the basis of digitization is data. To realize financial digitalization, it is necessary to get through the real-time flow and sharing of data in all directions, all processes and all fields, and realize the real integration of information technology and financial management

In essence, traditional finance is standard oriented and disclosure oriented, not business oriented and management oriented. ERP system mainly serves for process operation, which brings two problems: first, financial information is objective but not necessarily true. The main body of financial accounting is the content of invoice, but the invoice cannot reflect the essence of business. Financial data is divorced from business essence. All these lead to the distortion of ERP financial information, and the caliber can not meet the management needs. Second, financial information is single monetary measurement information, not comprehensive economic information. The information of monetary measurement is certainly comprehensive, but non monetary information is often crucial to management. These problems in the financial information support system make the financial information unilateral and distorted, which is difficult to meet the needs of business management

at the same time, the traditional enterprise information system is composed of a series of independent professional software systems, which are independent of each other and form a chimney architecture, resulting in a large number of information islands. A large number of financial data and business data are scattered in various information system platforms of enterprises repeatedly and disorderly, which makes data acquisition and data conversion difficult

therefore, enterprises must break through data barriers, change the access path of basic data, and promote data flow. On the one hand, it is necessary to get through the business and financial data and eliminate the information island; On the other hand, management accounting should not only rely on financial accounting to provide information, but also automatically collect and process data directly from the transaction side and from different business systems in real time, enrich data sources, improve data quality, carry out data insight, and finally realize data enabling business development

the realization path of financial digitization

the realization path of financial digitization is the construction path of digital platform. Whether it is the connection of process, the online processing of business, or the access, acquisition, transmission of data, or the development of data insight, it needs to be based on modern information technology, and can be implemented in the automatic, Internet-based and intelligent information system. Building a financial digital platform requires long-term planning and orderly promotion of enterprises. The construction content includes three parts: intelligent sharing system, data center and data application system

1. Intelligent sharing system is used as a bridge to connect front-end transaction and back-end finance, and realize internal and external communication

in the construction process of financial digital system, financial sharing platform is the vanguard. In the process of digitalization landing in the system, we should record all transaction processes externally and connect all business lines internally through external and internal lines, and connect the whole business through a unified system, so as to connect internal and external and interconnect. This system is the instry finance and tax intelligent sharing system

the core of sharing center is sharing, and the premise of sharing is "connection". This means: the sharing center can become a natural technology platform to connect the whole process of business, finance and management, and promote the integration of instry and finance. The instry fiscal and taxation intelligent sharing system is a revolutionary replacement proct of traditional financial sharing in the Internet plus era. Its essence is based on the new generation of information technology, to realize the digitization of a wider range of business (from bookkeeping, accounting to reimbursement, procurement, taxation, etc.), and to subvert and upgrade the enterprise's financial system, business process and business model. Through the construction of an intelligent sharing center integrating finance and taxation, enterprises form a business transaction layer between the back office and the front office, a more flexible and powerful business support center, which can connect a large number of transaction processing and services between the front office and the back office, realize the digitization of a wider range of business (from bookkeeping, accounting to reimbursement, procurement, taxation, etc.), and greatly improve the operation efficiency, Fast response to customer needs, to achieve the depth of financial, business and tax integration

Anta Group mentioned at the beginning of this paper is the beneficiary of the financial and tax intelligent sharing system. In 2018, Anta joined hands with first year science and technology to start the construction of Financial Sharing Center to build an automatic, intelligent and digital sharing system under the business mode of "supply chain + wholesale + retail" in the sporting goods instry, so as to transform the internal system of the sharing traction group and support the rapid development of the group's business. The reason why Anta's "all staff marketing" can be effectively implemented in this epidemic is inseparable from the agile response of the sharing system to the front-end transaction

2. Take the data center as the platform to get through all data and realize centralized data governance and data management

to realize financial digitization, it is necessary to reconstruct the enterprise IT system architecture, and the core of reconstructing the enterprise IT system architecture lies in the "Taiwan orientation" of the enterprise IT system

Data Center has gained unprecedented attention since 2019. At a forum held before the first year of science and technology, more than 80% of enterprises said that they were under construction

6.

The new generation of digital technology represented by mobile Internet, cloud computing, big data, AI and artificial intelligence is subverting people's proction and life style and reshaping everything. New technology gives birth to new business models and new economic forms, and promotes the transformation and upgrading of traditional economies. Digital transformation has become the core strategy of a large number of enterprises. Some data show that 67% of the global top 1000 enterprises and 50% of China's top 1000 enterprises will take digital transformation as their strategic core

strategic transformation, talents first. In the digital transformation of enterprises, human resources department should not be a passive participant, but a promoter and leader. The first thing that the human resources department should do well is the digital transformation of its own talent management, that is, digital talent management. What is digital talent management? As the name suggests, talent management should be digitized. First of all, effective data should be collected, such as data of organizational climate, data of engagement satisfaction, data of talent ability / potential, data of performance, quantitative data of leadership behavior, data of instry benchmarking, etc. Secondly, it is necessary to establish an analysis model for these data, using correlation analysis, cross analysis, regression analysis, comparative analysis and other analysis methods. Through the analysis of the data, we can find the parts that can not be touched by experience, drive deeper insight into talent management, and get more forward-looking talent management suggestions and more scientific talent management decisions

so how to do the digital transformation of talent management

Based on more than 10 years of research in the field of talent management, Yicai proposed a "4-f" digital talent management model, as shown in the figure below:

technology layer

technology layer is divided into two parts, one is it technology, namely big data, AI human intelligence, cloud computing and other core technologies, as well as PAAS and SaaS system platforms. The other part is the professional technology of talent management, including various index database, model database, question database, norm database, scale database and so on. These two parts together form a strong technical base to support the overall digital talent management

How can the

tool layer

technology layer be transformed into usable means? Yicai has developed a large number of talent management tools from three levels of organization diagnosis, talent evaluation and learning development, including engagement satisfaction survey, organization atmosphere survey, quality assessment, 360 degree assessment, AC evaluation center, various workshops, personal IDP, etc., forming a tool layer

application layer

for enterprises, it is more concerned by managers to effectively solve the enterprise pain points. The application layer is the actual landing of the tool layer to solve the practical problems in enterprise talent management, such as recruitment and selection, talent inventory, echelon construction, high potential identification, etc

the decision-making level

the decision-making level should solve the problems of organization and indivial. From the perspective of organization, how to achieve talent matching? Including: person post matching, team matching, person and strategy matching, etc. From a personal point of view, how to do better self-awareness, play advantages, clear career path and so on

To sum up, in the "4-f" model, the technology layer is the foundation, the tool layer is the means, the application layer is the path, and the decision layer is the purpose. Data driven decision-making is used to avoid employment risks and solve talent management problems in advance, and a more forward-looking talent management plan is formulated to support the effective implementation of the company's strategy and talent strategy

7. Since "big data reconstructs enterprise wisdom" was proposed in 2014, and now the roadmap of "data socialization" has been drawn, the big data strategy of Inspur Group has become more and more clear. At the 2016 Inspur technology and application summit with the theme of "only data evolving world" held from October 26 to 27, Inspur Group comprehensively demonstrated its big data strategy, procts and services
from October 26 to 27, the 2016 Inspur technology and application summit with the theme of "only data evolving world" was held in Shanghai. From the theme of the summit, we can see that data is undoubtedly the top priority of the summit
at the forum "digital transformation makes smart enterprise" held ring the summit on October 27, Wang Xingshan, executive president of Inspur Group, said that the whole society is in the process of digital transformation, big data is the core of digital transformation and the theme and main line of future development, and enterprises should pay attention to data planning, data governance and deep mining and utilization of data
the core of digital transformation
ring the summit, based on the insight and practice of current social development and technology application development, Inspur Group described the road map towards the future of "data socialization". Inspur believes that after three stages of "data resource", "data commercialization" and "data ecology", it will realize "data socialization", so as to maximize the release of data value
at the enterprise forum "digital transformation makes smart enterprise", Inspur stressed that in the era of digital economy, digital transformation is redefining and supporting the evolution of enterprise management. For traditional enterprises, digital transformation involves fundamental transformation of strategy, operation and technology. enterprise

8. Instry digitization has become the trend of future instry development, which is imperative. Experts from CUHK think that the digital transformation of the financial instry should start from the following aspects:
first, tap the potential and realize the data-driven decision-making management. Financial institutions should know how to make use of the characteristics of large amount of digital data, high degree of informatization and centralized data management, and use data-driven management to realize rapid and scientific decision-making
secondly, we should innovate and speed up the agile reshaping of operation mechanism. It system of financial institutions should change from account centered to user centered and scenario centered operation mode, and build a more scientific and reasonable financial operation system
thirdly, we should keep pace with the times and focus on the intelligent reengineering of business model. To keep pace with the times, the financial instry can realize online and offline information exchange and sharing based on cloud computing platform and global unified customer view, and create efficient and comprehensive channel service ability
fourthly, multi-directional empowerment can promote the collaborative construction of ecosystem. It is necessary to link with other instries for common development and symbiosis, establish a digital ecological network of interconnection, mutual integration and mutual penetration, and build a comprehensive financial digital service platform
fifthly, strengthen the scientific and technological arm of risk prevention and control. Financial instry is related to economic development, and its security is the most important. It is necessary to strengthen the prevention and control of financial risks, improve the financial regulatory system, prevent and control risks with technology, and comprehensively improve the risk resistance ability of the financial instry.