With the wave of enterprise digital transformation, more and more enterprises show the need for financial sharing, and the landing operation and comprehensive application of financial sharing service center are gradually accelerated. This paper analyzes the current situation of financial sharing service center construction from three aspects the rapid expansion of the sharing boundary of financial sharing service center, the efficient integration of multi terminal information platform, and the rapid change of financial sharing service prompted by the application of intelligent technology. And through the analysis of unclear construction goal positioning, industry and finance integration status is not ideal, crisis management system is not perfect, high level change determination is not firm, and information structure is not sound, it points out the difficulties of group companies in establishing financial sharing service center. Finally, in view of the difficulties, it puts forward countermeasures and suggestions on formulating long term and phased development goals, creating the necessary conditions required for the integration of industry and finance, establishing a scientific and complete crisis management system, strengthening the determination of enterprise management to change, and building a complete financial sharing information platform, so as to ensure that the construction of financial sharing service center can keep up with the pace of enterprise digital transformation. Yi Yao "Discussion on Difficulties and Countermeasures in the Construction of Financial Shared Service Center Under the Background of Digitization" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-7 | Issue-4, August 2023, URL: https://www.ijtsrd.com/papers/ijtsrd59817.pdf Paper Url:https://www.ijtsrd.com/management/accounting-and-finance/59817/discussion-on-difficulties-and-countermeasures-in-the-construction-of-financial-shared-service-center-under-the-background-of-digitization/yi-yao
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Treasury management is one of the areas of public financial management PFM that has most improved over the last 20 years at the international level, when measured in terms of incorporating new practices and expanding the use of information technology. One of the biggest challenges facing today’s treasurers is identifying and implementing the most appropriate technology solution to meet their organizations’ needs. As in many spheres, the range of technology available treasurers has become increasingly sophisticated in recent years. Levels of functionality that were unimaginable a few years ago are now standard. As a result, understanding the most appropriate options for a treasury has become significantly more difficult. Navruzova Go’zal Olimjon Qizi | Saidov Rasulbek Boltaboevich "Improving Technology in the Treasury Management System" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-6 | Issue-1 , December 2021, URL: https://www.ijtsrd.com/papers/ijtsrd48059.pdf Paper URL: https://www.ijtsrd.com/management/other/48059/improving-technology-in-the-treasury-management-system/navruzova-go’zal-olimjon-qizi
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This document discusses the application of information and communication technology (ICT) in the field of career guidance and information provision. It covers four key phases in the evolution of ICT's role:
1) The mainframe phase from the 1960s-1970s, where early computer-aided guidance systems demonstrated ICT's potential but costs limited practical implementation.
2) The microcomputer phase from the 1980s-1990s, which made interactive systems more economical and widespread.
3) The web phase in the late 1990s, allowing instant online access from various locations through websites.
4) The current digital phase, where different media are converging into an integrated online environment accessible through various devices.
Improving Technology in the Treasury Management Systemijtsrd
Treasury management is one of the areas of public financial management PFM that has most improved over the last 20 years at the international level, when measured in terms of incorporating new practices and expanding the use of information technology. One of the biggest challenges facing today’s treasurers is identifying and implementing the most appropriate technology solution to meet their organizations’ needs. As in many spheres, the range of technology available treasurers has become increasingly sophisticated in recent years. Levels of functionality that were unimaginable a few years ago are now standard. As a result, understanding the most appropriate options for a treasury has become significantly more difficult. Navruzova Go’zal Olimjon Qizi | Saidov Rasulbek Boltaboevich "Improving Technology in the Treasury Management System" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-6 | Issue-1 , December 2021, URL: https://www.ijtsrd.com/papers/ijtsrd48059.pdf Paper URL: https://www.ijtsrd.com/management/other/48059/improving-technology-in-the-treasury-management-system/navruzova-go’zal-olimjon-qizi
The document discusses emerging technologies and their impact on the financial services industry. It covers applications of blockchain technology such as its use in banking for digitizing bank guarantees, payments for enabling cross-border transfers, and lending through a regulatory approved blockchain-based lending product. Emerging applications of blockchain discussed include central bank digital currencies (CBDCs), decentralized finance (DeFi), and non-fungible tokens (NFTs). The document also briefly introduces concepts of edge computing, quantum computing and their potential implications for financial services.
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In a new research report, Digitizing the Business Cash Cycle: Advancements and Partnerships, Mercator Advisory Group discusses the latest technology solutions supporting the procure-to-pay space and methods for connecting the various tools continually being added. Procurement, e-invoicing, payments, and alternative financing are being digitized and integrated for optimal performance in managing working capital. The report explains why this is a critical need as companies move further into the era of a high-tech, global economy.
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This document discusses the application of information and communication technology (ICT) in the field of career guidance and information provision. It covers four key phases in the evolution of ICT's role:
1) The mainframe phase from the 1960s-1970s, where early computer-aided guidance systems demonstrated ICT's potential but costs limited practical implementation.
2) The microcomputer phase from the 1980s-1990s, which made interactive systems more economical and widespread.
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Thailand is developing its digital infrastructure and transitioning to a digital economy through initiatives like the National Digital Economy Master Plan which aims to improve broadband access, develop data centers and cloud services, and promote tech startups. This will position Thailand as a digital hub in ASEAN and attract investors in growing digital sectors like data centers, where companies like Supernap are investing billions in large new facilities. One example of a successful foreign investment is ThaiGerTec, a Thai-German automotive software company that has gained global attention for its work with companies like BMW and now employs 60 specialists in Thailand.
The document discusses how cloud computing can help transform the banking industry. It notes that customers now demand more convenience and control, and banks face challenges like increased competition and regulatory pressures. Cloud computing offers banks opportunities to develop new customer experiences, enable collaboration, improve speed to market, and increase efficiency. Examples are provided of how cloud solutions have helped a mortgage company improve customer satisfaction while reducing costs and increasing revenues. The document argues that cloud computing allows banks to reinvent their business models and operations in order to better serve customers and drive growth.
This document discusses how cloud computing can help transform the banking industry. It notes that customers now have more control and are driving new business models. Banks face challenges like increased competition and changing regulations. Cloud computing offers benefits like improved customer experiences, collaboration, speed to market, and IT efficiency. The document discusses how cloud models like private, public and hybrid clouds can help banks reduce costs, increase flexibility, improve analytics and more to adapt to changes in banking. Overall it argues that cloud computing is a paradigm shift that can help banks transform their business and operating models.
The document discusses a plan to evaluate the usability and effectiveness of implementing a new computerized provider order entry (CPOE) system at a healthcare facility before deployment. The goals are to appraise the usability of the CPOE system and provide administrators with data on successful implementation. The evaluation plan will use a survey to assess clinician workflow and satisfaction before and after deployment. Literature on CPOE systems suggests user interface design, training, and support are key to acceptance and performance. The findings will help optimize the CPOE system and its impact on clinical workflow.
Foster Moore® prepared a white paper for the recent meeting of the National Association of Secretaries of State (NASS). It looks at the reasons that Secretaries of State might consider when going digital.
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2. It also discusses an IBM study that found customer experience should be the central focus of digital transformation, not just products or processes. Data and cognitive processes can be used to better understand customers and adapt interactions accordingly.
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Discusses Latest Trends in the Payments Industry from a global perspective. Starts with the increase in digital payments to the the need for banks to re-look at how they approach compliance to REgTechs to Regulatory Sandbox to Open API to Security and Authentication
Banks are increasingly recognizing innovation as a driver of future revenue rather than just a cost. While economic uncertainty may lead some banks to scale back innovation investments, those that view innovation as revenue-generating will benefit most as the economy recovers. Areas of focus for banking innovation over the next five years include product delivery and development to better meet evolving customer needs and behaviors. However, structural challenges like legacy systems continue to hinder banks' innovation efforts. Most respondents reported somewhat or substantially more success with innovation in the past two years compared to before the pandemic, showing that efforts to improve innovation are gaining traction.
The document discusses open banking and its potential in India. It defines open banking as an ecosystem that provides users access to their financial data from multiple institutions via application programming interfaces (APIs). This allows third parties to build applications and services on top of banking data with user consent. The key points discussed are:
- Open banking moves banking services from closed proprietary systems to an open model where data and services can be shared through APIs.
- It allows for more personalized services, innovation, and a 720-degree view of customers through data sharing with consent.
- Banks can play different roles like producers, integrators, distributors or platforms to monetize open banking. Revenue models may include fees, revenue sharing
Asia's Financial Services on the Cloud 2018: Regulatory Landscape Impacting t...accacloud
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The document discusses how digital transformation is increasingly important for banks to effectively compete. It identifies three key areas where technology investments consistently deliver attractive returns: 1) enhancing the client experience, which increases wallet share, 2) improving banker productivity, and 3) marketing innovation. Leading banks are differentiating themselves by delivering tailored digital experiences combining advanced technologies and human touch. The top priorities for technology spending should be the client experience, through automating processes and providing new insights, banker productivity tools, and promoting innovation.
IRJET- A Reflection on Big Data Business Analytics in Smart CitiesIRJET Journal
This document discusses how big data and business analytics can impact smart cities. It begins by defining key terms like big data, business analytics, and smart cities. Big data refers to very large and complex datasets, while business analytics uses data analysis to provide insights and inform decision making. Smart cities use information technologies to improve services for citizens. The document then explains how smart cities generate and collect large amounts of data from various sources. Business within smart cities can use this big data through big data business analytics to gain insights and improve operations. However, applying big data business analytics in smart cities also presents emerging issues that need to be addressed.
FINTECH DEVELOPMENT AND ITS IMPACT TO THE FINANCIAL SERVICES INDUSTRY IN INDONESIA
The document discusses the development of fintech and its impact on the financial services industry in Indonesia. It defines fintech and describes various fintech business models. It also analyzes why fintech is becoming more dynamic, provides an overview of the fintech landscape in Indonesia, and discusses opportunities and challenges for banks, insurance companies, and fintech companies. The document concludes that fintech encourages financial services companies to be more efficient and innovative while providing solutions to complexity in the industry.
Reimagining ASEAN: The digital journey to 2025Varun Mittal
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This document discusses the emergence of FinTech platforms and their potential impact on the financial services industry. It defines FinTech platforms as technology-enabled business models that facilitate transactions and the delivery of financial products and services. The document provides a taxonomy of FinTech platforms and analyzes the strategies available to incumbents, innovators, and large tech companies. It argues that platforms allow for easy participation, network effects, and vast data collection, and some platforms may disrupt existing industry structures by making processes more efficient and accessible.
Using Application Maintenance to Fund Digital InitiativesCognizant
CIOs applying a tier-based approach - contain-maintain-invest - to assessing apps can ultimately free up spending from application maintenance in order to drive digitization initiatives that align with corporate goals.
Conozca el resumen "Aceleradores a un mundo inclusivo en un ecosistema de Pagos digitales", en el siguiente articulo podrá observar la brecha de los 25 países en los que la digitalización ha tenido un gran impacto y revela 10 pasos o aceleradores que los gobiernos y las empresas pueden tomar para construir las economías digitales.
The banking experience for many people today is fundamentally an application of technology to be able to carry out their financial tasks. While the need to visit a bank branch remains essential for a number of activities, increasingly the need to support mobile usage is becoming the central focus of many bank strategies. The core banking systems that process financial transactions must remain highly available and able to support large volumes of activity. These systems represent a long term investment for banks and when the need arises to modernize these large systems, the transformation initiative is often very expensive and of high risk. We present in this paper our experiences in bank modernization and transformation, and outline the strategies for rolling out these large programs. As banking institutions embark upon transformation programs to upgrade their banking channels and core banking systems, it is hoped that the insights presented here are useful as a framework to support these initiatives.
‘Six Sigma Technique’ A Journey Through its Implementationijtsrd
The manufacturing industries all over the world are facing tough challenges for growth, development and sustainability in today’s competitive environment. They have to achieve apex position by adapting with the global competitive environment by delivering goods and services at low cost, prime quality and better price to increase wealth and consumer satisfaction. Cost Management ensures profit, growth and sustainability of the business with implementation of Continuous Improvement Technique like Six Sigma. This leads to optimize Business performance. The method drives for customer satisfaction, low variation, reduction in waste and cycle time resulting into a competitive advantage over other industries which did not implement it. The main objective of this paper ‘Six Sigma Technique A Journey Through Its Implementation’ is to conceptualize the effectiveness of Six Sigma Technique through the journey of its implementation. Aditi Sunilkumar Ghosalkar "‘Six Sigma Technique’: A Journey Through its Implementation" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64546.pdf Paper Url: https://www.ijtsrd.com/other-scientific-research-area/other/64546/‘six-sigma-technique’-a-journey-through-its-implementation/aditi-sunilkumar-ghosalkar
Edge Computing in Space Enhancing Data Processing and Communication for Space...ijtsrd
Edge computing, a paradigm that involves processing data closer to its source, has gained significant attention for its potential to revolutionize data processing and communication in space missions. With the increasing complexity and data volume generated by modern space missions, traditional centralized computing approaches face challenges related to latency, bandwidth, and security. Edge computing in space, involving on board processing and analysis of data, offers promising solutions to these challenges. This paper explores the concept of edge computing in space, its benefits, applications, and future prospects in enhancing space missions. Manish Verma "Edge Computing in Space: Enhancing Data Processing and Communication for Space Missions" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64541.pdf Paper Url: https://www.ijtsrd.com/computer-science/artificial-intelligence/64541/edge-computing-in-space-enhancing-data-processing-and-communication-for-space-missions/manish-verma
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‘Six Sigma Technique’ A Journey Through its Implementationijtsrd
The manufacturing industries all over the world are facing tough challenges for growth, development and sustainability in today’s competitive environment. They have to achieve apex position by adapting with the global competitive environment by delivering goods and services at low cost, prime quality and better price to increase wealth and consumer satisfaction. Cost Management ensures profit, growth and sustainability of the business with implementation of Continuous Improvement Technique like Six Sigma. This leads to optimize Business performance. The method drives for customer satisfaction, low variation, reduction in waste and cycle time resulting into a competitive advantage over other industries which did not implement it. The main objective of this paper ‘Six Sigma Technique A Journey Through Its Implementation’ is to conceptualize the effectiveness of Six Sigma Technique through the journey of its implementation. Aditi Sunilkumar Ghosalkar "‘Six Sigma Technique’: A Journey Through its Implementation" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64546.pdf Paper Url: https://www.ijtsrd.com/other-scientific-research-area/other/64546/‘six-sigma-technique’-a-journey-through-its-implementation/aditi-sunilkumar-ghosalkar
Edge Computing in Space Enhancing Data Processing and Communication for Space...ijtsrd
Edge computing, a paradigm that involves processing data closer to its source, has gained significant attention for its potential to revolutionize data processing and communication in space missions. With the increasing complexity and data volume generated by modern space missions, traditional centralized computing approaches face challenges related to latency, bandwidth, and security. Edge computing in space, involving on board processing and analysis of data, offers promising solutions to these challenges. This paper explores the concept of edge computing in space, its benefits, applications, and future prospects in enhancing space missions. Manish Verma "Edge Computing in Space: Enhancing Data Processing and Communication for Space Missions" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64541.pdf Paper Url: https://www.ijtsrd.com/computer-science/artificial-intelligence/64541/edge-computing-in-space-enhancing-data-processing-and-communication-for-space-missions/manish-verma
Dynamics of Communal Politics in 21st Century India Challenges and Prospectsijtsrd
Communal politics in India has evolved through centuries, weaving a complex tapestry shaped by historical legacies, colonial influences, and contemporary socio political transformations. This research comprehensively examines the dynamics of communal politics in 21st century India, emphasizing its historical roots, socio political dynamics, economic implications, challenges, and prospects for mitigation. The historical perspective unravels the intricate interplay of religious identities and power dynamics from ancient civilizations to the impact of colonial rule, providing insights into the evolution of communalism. The socio political dynamics section delves into the contemporary manifestations, exploring the roles of identity politics, socio economic disparities, and globalization. The economic implications section highlights how communal politics intersects with economic issues, perpetuating disparities and influencing resource allocation. Challenges posed by communal politics are scrutinized, revealing multifaceted issues ranging from social fragmentation to threats against democratic values. The prospects for mitigation present a multifaceted approach, incorporating policy interventions, community engagement, and educational initiatives. The paper conducts a comparative analysis with international examples, identifying common patterns such as identity politics and economic disparities. It also examines unique challenges, emphasizing Indias diverse religious landscape, historical legacy, and secular framework. Lessons for effective strategies are drawn from international experiences, offering insights into inclusive policies, interfaith dialogue, media regulation, and global cooperation. By scrutinizing historical epochs, contemporary dynamics, economic implications, and international comparisons, this research provides a comprehensive understanding of communal politics in India. The proposed strategies for mitigation underscore the importance of a holistic approach to foster social harmony, inclusivity, and democratic values. Rose Hossain "Dynamics of Communal Politics in 21st Century India: Challenges and Prospects" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64528.pdf Paper Url: https://www.ijtsrd.com/humanities-and-the-arts/history/64528/dynamics-of-communal-politics-in-21st-century-india-challenges-and-prospects/rose-hossain
Assess Perspective and Knowledge of Healthcare Providers Towards Elehealth in...ijtsrd
Background and Objective Telehealth has become a well known tool for the delivery of health care in Saudi Arabia, and the perspective and knowledge of healthcare providers are influential in the implementation, adoption and advancement of the method. This systematic review was conducted to examine the current literature base regarding telehealth and the related healthcare professional perspective and knowledge in the Kingdom of Saudi Arabia. Materials and Methods This systematic review was conducted by searching 7 databases including, MEDLINE, CINHAL, Web of Science, Scopus, PubMed, PsycINFO, and ProQuest Central. Studies on healthcare practitioners telehealth knowledge and perspectives published in English in Saudi Arabia from 2000 to 2023 were included. Boland directed this comprehensive review. The researchers examined each connected study using the AXIS tool, which evaluates cross sectional systematic reviews. Narrative synthesis was used to summarise and convey the data. Results Out of 1840 search results, 10 studies were included. Positive outlook and limited knowledge among providers were seen across trials. Healthcare professionals like telehealth for its ability to improve quality, access, and delivery, save time and money, and be successful. Age, gender, occupation, and work experience also affect health workers knowledge. In Saudi Arabia, healthcare professionals face inadequate expert assistance, patient privacy, internet connection concerns, lack of training courses, lack of telehealth understanding, and high costs while performing telemedicine. Conclusions Healthcare practitioners telehealth perceptions and knowledge were examined in this systematic study. Its collection of concerned experts different personal attitudes and expertise would help enhance telehealths implementation in Saudi Arabia, develop its healthcare delivery alternative, and eliminate frequent problems. Badriah Mousa I Mulayhi | Dr. Jomin George | Judy Jenkins "Assess Perspective and Knowledge of Healthcare Providers Towards Elehealth in Saudi Arabia: A Systematic Review" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64535.pdf Paper Url: https://www.ijtsrd.com/medicine/other/64535/assess-perspective-and-knowledge-of-healthcare-providers-towards-elehealth-in-saudi-arabia-a-systematic-review/badriah-mousa-i-mulayhi
The Impact of Digital Media on the Decentralization of Power and the Erosion ...ijtsrd
The impact of digital media on the distribution of power and the weakening of traditional gatekeepers has gained considerable attention in recent years. The adoption of digital technologies and the internet has resulted in declining influence and power for traditional gatekeepers such as publishing houses and news organizations. Simultaneously, digital media has facilitated the emergence of new voices and players in the media industry. Digital medias impact on power decentralization and gatekeeper erosion is visible in several ways. One significant aspect is the democratization of information, which enables anyone with an internet connection to publish and share content globally, leading to citizen journalism and bypassing traditional gatekeepers. Another aspect is the disruption of conventional media industry business models, as traditional organizations struggle to adjust to the decrease in advertising revenue and the rise of digital platforms. Alternative business models, such as subscription models and crowdfunding, have become more prevalent, leading to the emergence of new players. Overall, the impact of digital media on the distribution of power and the weakening of traditional gatekeepers has brought about significant changes in the media landscape and the way information is shared. Further research is required to fully comprehend the implications of these changes and their impact on society. Dr. Kusum Lata "The Impact of Digital Media on the Decentralization of Power and the Erosion of Traditional Gatekeepers" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64544.pdf Paper Url: https://www.ijtsrd.com/humanities-and-the-arts/political-science/64544/the-impact-of-digital-media-on-the-decentralization-of-power-and-the-erosion-of-traditional-gatekeepers/dr-kusum-lata
Online Voices, Offline Impact Ambedkars Ideals and Socio Political Inclusion ...ijtsrd
This research investigates the nexus between online discussions on Dr. B.R. Ambedkars ideals and their impact on social inclusion among college students in Gurugram, Haryana. Surveying 240 students from 12 government colleges, findings indicate that 65 actively engage in online discussions, with 80 demonstrating moderate to high awareness of Ambedkars ideals. Statistically significant correlations reveal that higher online engagement correlates with increased awareness p 0.05 and perceived social inclusion. Variations across colleges and a notable effect of college type on perceived social inclusion highlight the influence of contextual factors. Furthermore, the intersectional analysis underscores nuanced differences based on gender, caste, and socio economic status. Dr. Kusum Lata "Online Voices, Offline Impact: Ambedkar's Ideals and Socio-Political Inclusion - A Study of Gurugram District" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64543.pdf Paper Url: https://www.ijtsrd.com/humanities-and-the-arts/political-science/64543/online-voices-offline-impact-ambedkars-ideals-and-sociopolitical-inclusion--a-study-of-gurugram-district/dr-kusum-lata
Problems and Challenges of Agro Entreprenurship A Studyijtsrd
Noting calls for contextualizing Agro entrepreneurs problems and challenges of the agro entrepreneurs and for greater attention to the Role of entrepreneurs in agro entrepreneurship research, we conduct a systematic literature review of extent research in agriculture entrepreneurship to overcome the study objectives of complications of agro entrepreneurs through various factors, Development of agriculture products is a key factor for the overall economic growth of agro entrepreneurs Agro Entrepreneurs produces firsthand large scale employment, utilizes the labor and natural resources, This research outlines the problems of Weather and Soil Erosions, Market price fluctuation, stimulates labor cost problems, reduces concentration of Price volatility, Dependency on Intermediaries, induces Limited Bargaining Power, and Storage and Transportation Costs. This paper mainly devoted to highlight Problems and challenges faced for the sustainable of Agro Entrepreneurs in India. Vinay Prasad B "Problems and Challenges of Agro Entreprenurship - A Study" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64540.pdf Paper Url: https://www.ijtsrd.com/other-scientific-research-area/other/64540/problems-and-challenges-of-agro-entreprenurship--a-study/vinay-prasad-b
Comparative Analysis of Total Corporate Disclosure of Selected IT Companies o...ijtsrd
Disclosure is a process through which a business enterprise communicates with external parties. A corporate disclosure is communication of financial and non financial information of the activities of a business enterprise to the interested entities. Corporate disclosure is done through publishing annual reports. So corporate disclosure through annual reports plays a vital role in the life of all the companies and provides valuable information to investors. The basic objectives of corporate disclosure is to give a true and fair view of companies to the parties related either directly or indirectly like owner, government, creditors, shareholders etc. in the companies act, provisions have been made about mandatory and voluntary disclosure. The IT sector in India is rapidly growing, the trend to invest in the IT sector is rising and employment opportunities in IT sectors are also increasing. Therefore the IT sector is expected to have fair, full and adequate disclosure of all information. Unfair and incomplete disclosure may adversely affect the entire economy. A research study on disclosure practices of IT companies could play an important role in this regard. Hence, the present research study has been done to study and review comparative analysis of total corporate disclosure of selected IT companies of India and to put forward overall findings and suggestions with a view to increase disclosure score of these companies. The researcher hopes that the present research study will be helpful to all selected Companies for improving level of corporate disclosure through annual reports as well as the government, creditors, investors, all business organizations and upcoming researcher for comparative analyses of level of corporate disclosure with special reference to selected IT companies. Dr. Vaibhavi D. Thaker "Comparative Analysis of Total Corporate Disclosure of Selected IT Companies of India" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64539.pdf Paper Url: https://www.ijtsrd.com/other-scientific-research-area/other/64539/comparative-analysis-of-total-corporate-disclosure-of-selected-it-companies-of-india/dr-vaibhavi-d-thaker
The Impact of Educational Background and Professional Training on Human Right...ijtsrd
This study investigated the impact of educational background and professional training on human rights awareness among secondary school teachers in the Marathwada region of Maharashtra, India. The key findings reveal that higher levels of education, particularly a master’s degree, and fields of study related to education, humanities, or social sciences are associated with greater human rights awareness among teachers. Additionally, both pre service teacher training and in service professional development programs focused on human rights education significantly enhance teacher’s knowledge, skills, and competencies in promoting human rights principles in their classrooms. Baig Ameer Bee Mirza Abdul Aziz | Dr. Syed Azaz Ali Amjad Ali "The Impact of Educational Background and Professional Training on Human Rights Awareness among Secondary School Teachers" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64529.pdf Paper Url: https://www.ijtsrd.com/humanities-and-the-arts/education/64529/the-impact-of-educational-background-and-professional-training-on-human-rights-awareness-among-secondary-school-teachers/baig-ameer-bee-mirza-abdul-aziz
A Study on the Effective Teaching Learning Process in English Curriculum at t...ijtsrd
“One Language sets you in a corridor for life. Two languages open every door along the way” Frank Smith English as a foreign language or as a second language has been ruling in India since the period of Lord Macaulay. But the question is how much we teach or learn English properly in our culture. Is there any scope to use English as a language rather than a subject How much we learn or teach English without any interference of mother language specially in the classroom teaching learning scenario in West Bengal By considering all these issues the researcher has attempted in this article to focus on the effective teaching learning process comparing to other traditional strategies in the field of English curriculum at the secondary level to investigate whether they fulfill the present teaching learning requirements or not by examining the validity of the present curriculum of English. The purpose of this study is to focus on the effectiveness of the systematic, scientific, sequential and logical transaction of the course between the teachers and the learners in the perspective of the 5Es programme that is engage, explore, explain, extend and evaluate. Sanchali Mondal | Santinath Sarkar "A Study on the Effective Teaching Learning Process in English Curriculum at the Secondary Level of West Bengal" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd62412.pdf Paper Url: https://www.ijtsrd.com/humanities-and-the-arts/education/62412/a-study-on-the-effective-teaching-learning-process-in-english-curriculum-at-the-secondary-level-of-west-bengal/sanchali-mondal
The Role of Mentoring and Its Influence on the Effectiveness of the Teaching ...ijtsrd
This paper reports on a study which was conducted to investigate the role of mentoring and its influence on the effectiveness of the teaching of Physics in secondary schools in the South West Region of Cameroon. The study adopted the convergent parallel mixed methods design, focusing on respondents in secondary schools in the South West Region of Cameroon. Both quantitative and qualitative data were collected, analysed separately, and the results were compared to see if the findings confirm or disconfirm each other. The quantitative analysis found that majority of the respondents 72 of Physics teachers affirmed that they had more experienced colleagues as mentors to help build their confidence, improve their teaching, and help them improve their effectiveness and efficiency in guiding learners’ achievements. Only 28 of the respondents disagreed with these statements. With majority respondents 72 agreeing with the statements, it implies that in most secondary schools, experienced Physics teachers act as mentors to build teachers’ confidence in teaching and improving students’ learning. The interview qualitative data analysis summarized how secondary school Principals use meetings with mentors and mentees to promote mentorship in the school milieu. This has helped strengthen teachers’ classroom practices in secondary schools in the South West Region of Cameroon. With the results confirming each other, the study recommends that mentoring should focus on helping teachers employ social interactions and instructional practices feedback and clarity in teaching that have direct measurable impact on students’ learning achievements. Andrew Ngeim Sumba | Frederick Ebot Ashu | Peter Agborbechem Tambi "The Role of Mentoring and Its Influence on the Effectiveness of the Teaching of Physics in Secondary Schools in the South West Region of Cameroon" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64524.pdf Paper Url: https://www.ijtsrd.com/management/management-development/64524/the-role-of-mentoring-and-its-influence-on-the-effectiveness-of-the-teaching-of-physics-in-secondary-schools-in-the-south-west-region-of-cameroon/andrew-ngeim-sumba
Design Simulation and Hardware Construction of an Arduino Microcontroller Bas...ijtsrd
This study primarily focuses on the design of a high side buck converter using an Arduino microcontroller. The converter is specifically intended for use in DC DC applications, particularly in standalone solar PV systems where the PV output voltage exceeds the load or battery voltage. To evaluate the performance of the converter, simulation experiments are conducted using Proteus Software. These simulations provide insights into the input and output voltages, currents, powers, and efficiency under different state of charge SoC conditions of a 12V,70Ah rechargeable lead acid battery. Additionally, the hardware design of the converter is implemented, and practical data is collected through operation, monitoring, and recording. By comparing the simulation results with the practical results, the efficiency and performance of the designed converter are assessed. The findings indicate that while the buck converter is suitable for practical use in standalone PV systems, its efficiency is compromised due to a lower output current. Chan Myae Aung | Dr. Ei Mon "Design Simulation and Hardware Construction of an Arduino-Microcontroller Based DC-DC High-Side Buck Converter for Standalone PV System" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64518.pdf Paper Url: https://www.ijtsrd.com/engineering/mechanical-engineering/64518/design-simulation-and-hardware-construction-of-an-arduinomicrocontroller-based-dcdc-highside-buck-converter-for-standalone-pv-system/chan-myae-aung
Sustainable Energy by Paul A. Adekunte | Matthew N. O. Sadiku | Janet O. Sadikuijtsrd
Energy becomes sustainable if it meets the needs of the present without compromising the ability of future generations to meet their own needs. Some of the definitions of sustainable energy include the considerations of environmental aspects such as greenhouse gas emissions, social, and economic aspects such as energy poverty. Generally far more sustainable than fossil fuel are renewable energy sources such as wind, hydroelectric power, solar, and geothermal energy sources. Worthy of note is that some renewable energy projects, like the clearing of forests to produce biofuels, can cause severe environmental damage. The sustainability of nuclear power which is a low carbon source is highly debated because of concerns about radioactive waste, nuclear proliferation, and accidents. The switching from coal to natural gas has environmental benefits, including a lower climate impact, but could lead to delay in switching to more sustainable options. “Carbon capture and storage” can be built into power plants to remove the carbon dioxide CO2 emissions, but this technology is expensive and has rarely been implemented. Leading non renewable energy sources around the world is fossil fuels, coal, petroleum, and natural gas. Nuclear energy is usually considered another non renewable energy source, although nuclear energy itself is a renewable energy source, but the material used in nuclear power plants is not. The paper addresses the issue of sustainable energy, its attendant benefits to the future generation, and humanity in general. Paul A. Adekunte | Matthew N. O. Sadiku | Janet O. Sadiku "Sustainable Energy" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64534.pdf Paper Url: https://www.ijtsrd.com/engineering/electrical-engineering/64534/sustainable-energy/paul-a-adekunte
Concepts for Sudan Survey Act Implementations Executive Regulations and Stand...ijtsrd
This paper aims to outline the executive regulations, survey standards, and specifications required for the implementation of the Sudan Survey Act, and for regulating and organizing all surveying work activities in Sudan. The act has been discussed for more than 5 years. The Land Survey Act was initiated by the Sudan Survey Authority and all official legislations were headed by the Sudan Ministry of Justice till it was issued in 2022. The paper presents conceptual guidelines to be used for the Survey Act implementation and to regulate the survey work practice, standardizing the field surveys, processing, quality control, procedures, and the processes related to survey work carried out by the stakeholders and relevant authorities in Sudan. The conceptual guidelines are meant to improve the quality and harmonization of geospatial data and to aid decision making processes as well as geospatial information systems. The established comprehensive executive regulations will govern and regulate the implementation of the Sudan Survey Geomatics Act in all surveying and mapping practices undertaken by the Sudan Survey Authority SSA and state local survey departments for public or private sector organizations. The targeted standards and specifications include the reference frame, projection, coordinate systems, and the guidelines and specifications that must be followed in the field of survey work, processes, and mapping products. In the last few decades, there has been a growing awareness of the importance of geomatics activities and measurements on the Earths surface in space and time, together with observing and mapping the changes. In such cases, data must be captured promptly, standardized, and obtained with more accuracy and specified in much detail. The paper will also highlight the current situation in Sudan, the degree to which survey standards are used, the problems encountered, and the errors that arise from not using the standards and survey specifications. Kamal A. A. Sami "Concepts for Sudan Survey Act Implementations - Executive Regulations and Standards" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd63484.pdf Paper Url: https://www.ijtsrd.com/engineering/civil-engineering/63484/concepts-for-sudan-survey-act-implementations--executive-regulations-and-standards/kamal-a-a-sami
Towards the Implementation of the Sudan Interpolated Geoid Model Khartoum Sta...ijtsrd
The discussions between ellipsoid and geoid have invoked many researchers during the recent decades, especially during the GNSS technology era, which had witnessed a great deal of development but still geoid undulation requires more investigations. To figure out a solution for Sudans local geoid, this research has tried to intake the possibility of determining the geoid model by following two approaches, gravimetric and geometrical geoid model determination, by making use of GNSS leveling benchmarks at Khartoum state. The Benchmarks are well distributed in the study area, in which, the horizontal coordinates and the height above the ellipsoid have been observed by GNSS while orthometric heights were carried out using precise leveling. The Global Geopotential Model GGM represented in EGM2008 has been exploited to figure out the geoid undulation at the benchmarks in the study area. This is followed by a fitting process, that has been done to suit the geoid undulation data which has been computed using GNSS leveling data and geoid undulation inspired by the EGM2008. Two geoid surfaces were created after the fitting process to ensure that they are identical and both of them could be counted for getting the same geoid undulation with an acceptable accuracy. In this respect, statistical operation played an important role in ensuring the consistency and integrity of the model by applying cross validation techniques splitting the data into training and testing datasets for building the geoid model and testing its eligibility. The geometrical solution for geoid undulation computation has been utilized by applying straightforward equations that facilitate the calculation of the geoid undulation directly through applying statistical techniques for the GNSS leveling data of the study area to get the common equation parameters values that could be utilized to calculate geoid undulation of any position in the study area within the claimed accuracy. Both systems were checked and proved eligible to be used within the study area with acceptable accuracy which may contribute to solving the geoid undulation problem in the Khartoum area, and be further generalized to determine the geoid model over the entire country, and this could be considered in the future, for regional and continental geoid model. Ahmed M. A. Mohammed. | Kamal A. A. Sami "Towards the Implementation of the Sudan Interpolated Geoid Model (Khartoum State Case Study)" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd63483.pdf Paper Url: https://www.ijtsrd.com/engineering/civil-engineering/63483/towards-the-implementation-of-the-sudan-interpolated-geoid-model-khartoum-state-case-study/ahmed-m-a-mohammed
Activating Geospatial Information for Sudans Sustainable Investment Mapijtsrd
Sudan is witnessing an acceleration in the processes of development and transformation in the performance of government institutions to raise the productivity and investment efficiency of the government sector. The development plans and investment opportunities have focused on achieving national goals in various sectors. This paper aims to illuminate the path to the future and provide geospatial data and information to develop the investment climate and environment for all sized businesses, and to bridge the development gap between the Sudan states. The Sudan Survey Authority SSA is the main advisor to the Sudan Government in conducting surveying, mappings, designing, and developing systems related to geospatial data and information. In recent years, SSA made a strategic partnership with the Ministry of Investment to activate Geospatial Information for Sudans Sustainable Investment and in particular, for the preparation and implementation of the Sudan investment map, based on the directives and objectives of the Ministry of Investment MI in Sudan. This paper comes within the framework of activating the efforts of the Ministry of Investment to develop technical investment services by applying techniques adopted by the Ministry and its strategic partners for advancing investment processes in the country. Kamal A. A. Sami "Activating Geospatial Information for Sudan's Sustainable Investment Map" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd63482.pdf Paper Url: https://www.ijtsrd.com/engineering/information-technology/63482/activating-geospatial-information-for-sudans-sustainable-investment-map/kamal-a-a-sami
Educational Unity Embracing Diversity for a Stronger Societyijtsrd
In a rapidly changing global landscape, the importance of education as a unifying force cannot be overstated. This paper explores the crucial role of educational unity in fostering a stronger and more inclusive society through the embrace of diversity. By examining the benefits of diverse learning environments, the paper aims to highlight the positive impact on societal strength. The discussion encompasses various dimensions, from curriculum design to classroom dynamics, and emphasizes the need for educational institutions to become catalysts for unity in diversity. It highlights the need for a paradigm shift in educational policies, curricula, and pedagogical approaches to ensure that they are reflective of the diverse fabric of society. This paper also addresses the challenges associated with implementing inclusive educational practices and offers practical strategies for overcoming barriers. It advocates for collaborative efforts between educational institutions, policymakers, and communities to create a supportive ecosystem that promotes diversity and unity. Mr. Amit Adhikari | Madhumita Teli | Gopal Adhikari "Educational Unity: Embracing Diversity for a Stronger Society" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64525.pdf Paper Url: https://www.ijtsrd.com/humanities-and-the-arts/education/64525/educational-unity-embracing-diversity-for-a-stronger-society/mr-amit-adhikari
Integration of Indian Indigenous Knowledge System in Management Prospects and...ijtsrd
The diversity of indigenous knowledge systems in India is vast and can vary significantly between different communities and regions. Preserving and respecting these knowledge systems is crucial for maintaining cultural heritage, promoting sustainable practices, and fostering cross cultural understanding. In this paper, an overview of the prospects and challenges associated with incorporating Indian indigenous knowledge into management is explored. It is found that IIKS helps in management in many areas like sustainable development, tourism, food security, natural resource management, cultural preservation and innovation, etc. However, IIKS integration with management faces some challenges in the form of a lack of documentation, cultural sensitivity, language barriers legal framework, etc. Savita Lathwal "Integration of Indian Indigenous Knowledge System in Management: Prospects and Challenges" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd63500.pdf Paper Url: https://www.ijtsrd.com/management/accounting-and-finance/63500/integration-of-indian-indigenous-knowledge-system-in-management-prospects-and-challenges/savita-lathwal
DeepMask Transforming Face Mask Identification for Better Pandemic Control in...ijtsrd
The COVID 19 pandemic has highlighted the crucial need of preventive measures, with widespread use of face masks being a key method for slowing the viruss spread. This research investigates face mask identification using deep learning as a technological solution to be reducing the risk of coronavirus transmission. The proposed method uses state of the art convolutional neural networks CNNs and transfer learning to automatically recognize persons who are not wearing masks in a variety of circumstances. We discuss how this strategy improves public health and safety by providing an efficient manner of enforcing mask wearing standards. The report also discusses the obstacles, ethical concerns, and prospective applications of face mask detection systems in the ongoing fight against the pandemic. Dilip Kumar Sharma | Aaditya Yadav "DeepMask: Transforming Face Mask Identification for Better Pandemic Control in the COVID-19 Era" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64522.pdf Paper Url: https://www.ijtsrd.com/engineering/electronics-and-communication-engineering/64522/deepmask-transforming-face-mask-identification-for-better-pandemic-control-in-the-covid19-era/dilip-kumar-sharma
Streamlining Data Collection eCRF Design and Machine Learningijtsrd
Efficient and accurate data collection is paramount in clinical trials, and the design of Electronic Case Report Forms eCRFs plays a pivotal role in streamlining this process. This paper explores the integration of machine learning techniques in the design and implementation of eCRFs to enhance data collection efficiency. We delve into the synergies between eCRF design principles and machine learning algorithms, aiming to optimize data quality, reduce errors, and expedite the overall data collection process. The application of machine learning in eCRF design brings forth innovative approaches to data validation, anomaly detection, and real time adaptability. This paper discusses the benefits, challenges, and future prospects of leveraging machine learning in eCRF design for streamlined and advanced data collection in clinical trials. Dhanalakshmi D | Vijaya Lakshmi Kannareddy "Streamlining Data Collection: eCRF Design and Machine Learning" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd63515.pdf Paper Url: https://www.ijtsrd.com/biological-science/biotechnology/63515/streamlining-data-collection-ecrf-design-and-machine-learning/dhanalakshmi-d
A review of the growth of the Israel Genealogy Research Association Database Collection for the last 12 months. Our collection is now passed the 3 million mark and still growing. See which archives have contributed the most. See the different types of records we have, and which years have had records added. You can also see what we have for the future.
This presentation was provided by Steph Pollock of The American Psychological Association’s Journals Program, and Damita Snow, of The American Society of Civil Engineers (ASCE), for the initial session of NISO's 2024 Training Series "DEIA in the Scholarly Landscape." Session One: 'Setting Expectations: a DEIA Primer,' was held June 6, 2024.
How to Make a Field Mandatory in Odoo 17Celine George
In Odoo, making a field required can be done through both Python code and XML views. When you set the required attribute to True in Python code, it makes the field required across all views where it's used. Conversely, when you set the required attribute in XML views, it makes the field required only in the context of that particular view.
How to Fix the Import Error in the Odoo 17Celine George
An import error occurs when a program fails to import a module or library, disrupting its execution. In languages like Python, this issue arises when the specified module cannot be found or accessed, hindering the program's functionality. Resolving import errors is crucial for maintaining smooth software operation and uninterrupted development processes.
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UPRAHUL
This Dissertation explores the particular circumstances of Mirzapur, a region located in the
core of India. Mirzapur, with its varied terrains and abundant biodiversity, offers an optimal
environment for investigating the changes in vegetation cover dynamics. Our study utilizes
advanced technologies such as GIS (Geographic Information Systems) and Remote sensing to
analyze the transformations that have taken place over the course of a decade.
The complex relationship between human activities and the environment has been the focus
of extensive research and worry. As the global community grapples with swift urbanization,
population expansion, and economic progress, the effects on natural ecosystems are becoming
more evident. A crucial element of this impact is the alteration of vegetation cover, which plays a
significant role in maintaining the ecological equilibrium of our planet.Land serves as the foundation for all human activities and provides the necessary materials for
these activities. As the most crucial natural resource, its utilization by humans results in different
'Land uses,' which are determined by both human activities and the physical characteristics of the
land.
The utilization of land is impacted by human needs and environmental factors. In countries
like India, rapid population growth and the emphasis on extensive resource exploitation can lead
to significant land degradation, adversely affecting the region's land cover.
Therefore, human intervention has significantly influenced land use patterns over many
centuries, evolving its structure over time and space. In the present era, these changes have
accelerated due to factors such as agriculture and urbanization. Information regarding land use and
cover is essential for various planning and management tasks related to the Earth's surface,
providing crucial environmental data for scientific, resource management, policy purposes, and
diverse human activities.
Accurate understanding of land use and cover is imperative for the development planning
of any area. Consequently, a wide range of professionals, including earth system scientists, land
and water managers, and urban planners, are interested in obtaining data on land use and cover
changes, conversion trends, and other related patterns. The spatial dimensions of land use and
cover support policymakers and scientists in making well-informed decisions, as alterations in
these patterns indicate shifts in economic and social conditions. Monitoring such changes with the
help of Advanced technologies like Remote Sensing and Geographic Information Systems is
crucial for coordinated efforts across different administrative levels. Advanced technologies like
Remote Sensing and Geographic Information Systems
9
Changes in vegetation cover refer to variations in the distribution, composition, and overall
structure of plant communities across different temporal and spatial scales. These changes can
occur natural.
Strategies for Effective Upskilling is a presentation by Chinwendu Peace in a Your Skill Boost Masterclass organisation by the Excellence Foundation for South Sudan on 08th and 09th June 2024 from 1 PM to 3 PM on each day.
How to Manage Your Lost Opportunities in Odoo 17 CRMCeline George
Odoo 17 CRM allows us to track why we lose sales opportunities with "Lost Reasons." This helps analyze our sales process and identify areas for improvement. Here's how to configure lost reasons in Odoo 17 CRM
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...PECB
Denis is a dynamic and results-driven Chief Information Officer (CIO) with a distinguished career spanning information systems analysis and technical project management. With a proven track record of spearheading the design and delivery of cutting-edge Information Management solutions, he has consistently elevated business operations, streamlined reporting functions, and maximized process efficiency.
Certified as an ISO/IEC 27001: Information Security Management Systems (ISMS) Lead Implementer, Data Protection Officer, and Cyber Risks Analyst, Denis brings a heightened focus on data security, privacy, and cyber resilience to every endeavor.
His expertise extends across a diverse spectrum of reporting, database, and web development applications, underpinned by an exceptional grasp of data storage and virtualization technologies. His proficiency in application testing, database administration, and data cleansing ensures seamless execution of complex projects.
What sets Denis apart is his comprehensive understanding of Business and Systems Analysis technologies, honed through involvement in all phases of the Software Development Lifecycle (SDLC). From meticulous requirements gathering to precise analysis, innovative design, rigorous development, thorough testing, and successful implementation, he has consistently delivered exceptional results.
Throughout his career, he has taken on multifaceted roles, from leading technical project management teams to owning solutions that drive operational excellence. His conscientious and proactive approach is unwavering, whether he is working independently or collaboratively within a team. His ability to connect with colleagues on a personal level underscores his commitment to fostering a harmonious and productive workplace environment.
Date: May 29, 2024
Tags: Information Security, ISO/IEC 27001, ISO/IEC 42001, Artificial Intelligence, GDPR
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2. International Journal of Trend in Scientific Research and Development @ www.ijtsrd.com eISSN: 2456-6470
@ IJTSRD | Unique Paper ID – IJTSRD59817 | Volume – 7 | Issue – 4 | Jul-Aug 2023 Page 916
monitoring, financial planning and strategic decision-
making of enterprises. The financial sharing service
center has become a service center supporting
enterprise management decision-making (Chen
Xiaoyi and Li Ying, 2017). 4 This kind of intelligent
decision-making financial sharing service model
promotes the transformation from traditional financial
management to management accounting and
represents the future development direction of
financial sharing services (Liu Zhengmo et al., 2018).
5 Admittedly, under the background of digitalization,
due to a series of reasons such as inadequate
integration of technology and management and lack
of digital talents, there are many pain points and
difficulties in the construction of financial sharing
service center. This paper takes this as the starting
point for in-depth analysis, and puts forward relevant
countermeasures and suggestions, in order to provide
certain reference ideas for other companies to
establish financial sharing service centers.
II. Analysis on the development history and
current situation of financial sharing
service center
Throughout the development of financial shared
service center, it has gone through four stages of
financial centralization, preliminary integration,
efficient integration and intelligent development. In
the stage of financial centralization, the financial
shared service center has realized the centralized
management of financial resources; In the initial
integration stage, the focus of financial sharing
service center construction focuses on the
optimization of business process and the adjustment
of industrial structure; In the efficient integration
stage, the focus of the construction of financial shared
service center lies in the system solidification based
on process penetration, that is, to solve the docking
problem between the financial system and the
external system; In the current stage of intelligent
development, the financial sharing service center
connects all aspects of the enterprise before, during
and after, and gradually becomes a group-level data
provision center, providing accurate, comprehensive
and systematic data sources, and providing
management decision making basis for the senior
management of the group enterprise. Specifically, it
has the following three characteristics.
A. The sharing boundary of financial sharing
service center is expanding rapidly
With the increasing external competition pressure and
internal management demand of enterprises, financial
sharing service center needs to improve its maturity
rapidly to meet the needs of enterprise development.
Therefore, the financial sharing service center should
not only cover all the internal personnel of the
enterprise, but also include the whole industrial chain,
middle and downstream partners, such as distributors,
agents, regional agents, etc., and the development
trend of information technology makes it possible to
expand the boundary. For the internal enterprise, the
shared service center platform should be integrated
with various systems of the enterprise, including ERP
system, expense budget system, asset system, OA
office system, etc. For the outside of the enterprise,
the shared service center platform should be able to
integrate with financial institutions, business travel
platforms, especially the tax system. It enables most
of the emerging financial sharing solutions at this
stage to play a role, and many group companies have
summed up a set of relatively perfect management
experience in the practice process. This further
improves the efficiency of enterprise financial
solutions, but also reduces the risk of business
management.
B. Efficient integration of multi-terminal
information platform
Financial sharing service is an efficient integration of
various innovative technologies. The design scheme
and integration of the system are related to the actual
effect of the operation and operation of the financial
sharing service center. In the financial sharing service
system, the widely used information technology
includes ERP system, text document anti-
counterfeiting technology, database management, fee
control system, electronic billing, etc. The rapid
integration of this new technology has greatly
improved the work efficiency and work quality of the
financial sharing service center. In addition, with the
rapid development of information technology, the
financial sharing service system should keep up with
the pace of the development of new technology
application, in order to make the financial sharing
service of the group company fully play a greater
effect.
C. The application of intelligent technology
promotes the rapid change of financial sharing
service
The popularization of mobile intelligent terminal has
made mobile expense reimbursement, mobile expense
budget and mobile audit quickly applied to the
financial activities of enterprises. In the process of
creating the financial sharing service center, the
enterprise should try to consider the convenience and
different business scenarios of the external
environment of the enterprise, so that customers can
submit requests to the financial sharing service center
in time. It is worth mentioning that whether the
financial sharing service is expanding to the whole
3. International Journal of Trend in Scientific Research and Development @ www.ijtsrd.com eISSN: 2456-6470
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industry chain, middle and downstream, or its mobile
intelligent application of multi-terminal devices, the
change of financial sharing service center if it can
rely on "cloud computing technology", it will be
relatively easy to complete. After the application of
cloud computing technology, the financial sharing
service center can produce four management methods
for enterprises: reduce the cost of enterprise financial
information planning, promote the cooperation of the
external environment of the enterprise, improve the
efficiency of employees and contribute to the
crowdsourcing platform of financial sharing. In
addition, the financial robot has also brought a
revolutionary breakthrough in solving the low value-
added work of financial sharing. After the
introduction of the financial robot, it has replaced the
high-frequency, repeated, long-term and low value-
added human practical operations, such as bank
reconciliation, current account control, tax
verification, value-added invoice verification,
authentication, etc., which has significantly improved
the management efficiency and management level of
business processes. Therefore, the close combination
of financial sharing service and intelligent technology
is undoubtedly the development direction of financial
sharing service in the future.
III. It is difficult to build financial sharing
service center under the background of
digitalization
A. The target of construction is not clear
Under the digital background, the construction goal of
financial sharing service center should be consistent
with the goal of enterprise financial digital
transformation, and be included in the strategy of
enterprise financial digital transformation. At the
same time, how to shift from data centralization and
sharing to data governance should be considered.
Therefore, the financial sharing service center should
aim to become a data sharing platform for enterprises,
that is, to collect, process, analyze and manage a large
amount of data from inside and outside the enterprise,
and finally present the results in a visual way.
However, in the process of building the financial
sharing service center, some enterprises only deal
with scattered matters such as accounting, travel
expense reimbursement and settlement of receivables
in a centralized manner, and only position the sharing
center as a bill processing center. Obviously, the
setting of such a goal is too simple and vague, which
is not enough to meet the needs of enterprises for
financial sharing. The unclear target positioning leads
to the slow down of the construction process of the
sharing center.
B. The integration of industry and finance is
not ideal
It is the essence of informatization to solidify the
system, standard and process, and the industry and
finance information is transferred based on the
information system platform, which provides a solid
foundation for the integration of industry and finance.
However, the informatization construction of some
enterprises started late, the phenomenon of
information island still exists, and there are also fault
phenomena in individual links. Especially, the
upstream and downstream internal information chain
is loosely connected, resulting in a slow process of
industry-financial integration. As the last department
receiving enterprise information, finance cannot
effectively extend its basic functions to the front-end
business when performing its basic functions. As a
result, the financial sector cannot achieve fine
management, and the financial sector cannot provide
effective guidance for the business sector, which
causes difficulties in the construction of the financial
sharing service center.
C. The crisis management system is not perfect
Digital transformation is an important trend in the
development of enterprises, and data is the foundation
of digital transformation. Only by doing a good job of
data governance and fully tapping the value of data
can we better promote digital transformation.
Financial sharing service center as a data collection
center, how to strengthen the maintenance of data
security for crisis management is particularly
important. Generally speaking, the establishment of
crisis management system of financial sharing service
center is related to problems such as system
downtime, server attack, and data loss caused by
misoperation. However, the epidemic situation in
2020 has brought new thinking to the improvement of
the system, that is, distance, the possibility of remote
working, enterprise data security, especially relevant
authority management, have become the focus of
emergency plans. The epidemic also reminded the
relevant staff involved in the construction of the
financial sharing service center not to ignore the
emergency plan and crisis management. As a
financial team with strong operational attributes, the
financial sharing service center should have a Plan to
deal with emergency time and extreme situations, that
is, Business Continuous Plan (BCP), including
various extreme situations, such as power failure of
the office building and Internet interruption, traffic
jams caused by extreme weather. Even geological
disasters and epidemic outbreaks, all of which will
affect the normal operation of the financial sharing
service center, and then affect the operation of the
enterprise.
4. International Journal of Trend in Scientific Research and Development @ www.ijtsrd.com eISSN: 2456-6470
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D. The determination of change at the top is not
firm
Building a cross-industry and cross-regional financial
sharing service center is a painstaking project, which
cannot be separated from the support of the group's
senior management. Without confidence from the top
down, the project was bound to fail. Due to the lack
of clear understanding of financial sharing, the
leadership of some companies cannot deeply
recognize the value that financial sharing can create
for enterprises, and hesitate to implement financial
sharing service, resulting in the construction of
financial sharing service center to give up halfway, or
become a half-finished product. Therefore, the
establishment of financial sharing service center
requires the company leadership to have a strong
determination to promote the change from top to
bottom.
E. The information-based architecture is not
sound
The construction of information platform is an
important foundation for financial digital
transformation, but most enterprises still have many
obstacles in the construction of financial management
information. Specifically, the difficulties are as
follows: first, in the information construction, the
overall information foundation of enterprises is not
solid, and the management standard of enterprises
does not meet the requirements of information
management; Second, the project team members do
not have a clear understanding of information
construction, and cannot carry out construction
according to the needs of enterprise financial
management and business informatization, which is
not conducive to the intelligent development of
financial management; Third, the information
integration and compatibility between different
subsidiaries of the group enterprise is too large, which
is not easy to be implemented. In the era without
sharing, a group company may use several different
financial software, which brings great challenges to
financial sharing. Therefore, the construction of
financial sharing information system is a time-
consuming and laborious project, but also one of the
key factors for the success or failure of financial
sharing service center.
IV. Discussion on the construction
countermeasure of financial sharing
service center under the background of
digitization
A. Formulate long-term and phased
development goals
In the face of many enterprises in the construction of
financial sharing service center in the definition of the
goal, should be in the long-term vision to establish the
goal, and according to the different business
objectives of the enterprise will be the long-term goal
of the construction of financial sharing service center
into the corresponding short-term goals, to achieve
phased implementation. To be specific, first, the
accounting work content of those enterprises with
high repeatability and easy to form standardization is
effectively handled by the financial sharing service
center, and then gradually complete the
implementation of different stages of the goal.
Second, the goal positioning of the enterprise for the
financial sharing service center is limited by the
overall business objectives of the enterprise, and the
overall business objectives are constantly changing
according to the different growth stages of the
enterprise. The development goals of financial
sharing service center can be basically summarized as
cost reduction, risk control and financial function
transformation. For the enterprises whose goal is to
reduce economic costs, financial sharing service
centers should be established in areas with potential
development ability to complete the integration of
resources. For companies whose goal is risk
management and control, financial sharing service
centers should be established at the headquarters to
achieve effective supervision of financial data
information. For enterprises that need to transform
financial functions to achieve digital transformation,
the way to build financial sharing service center can
improve the service level of corporate financial
department.
B. Create the necessary conditions for the
integration of business and finance
In order to ensure the full integration of industry and
finance after the establishment of financial sharing
service center, the Group company can proceed from
the following points: first, strengthen the integration
and sharing of industry and finance information, so
that business and financial data can confirm each
other, maintain the unity of client files and current
account data information, and increase the
transparency of internal information; Second, deepen
the financial digitization and intelligent
transformation, so that the financial work gradually
goes deeper into the business work and becomes the
backbone of the business development. The financial
personnel should take the lead in providing decision
support for the business development; Third, optimize
the business process, strengthen the cooperation
between business personnel and financial personnel,
strengthen the timeliness of the financial department
to grasp information, reduce business risks and
improve business economic benefits.
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C. Establish a scientific and complete crisis
management system
In order to meet the needs of maintaining data
security in the digital transformation of financial
sharing services and ensure the normal operation of
daily work in emergency situations, the establishment
of crisis management system generally considers the
following aspects: First, clear responsibility and
authority management. Decision makers in
emergency projects, especially the top managers in
special circumstances, may not be able to personally
go down to the front line to carry out on-site control,
so it is necessary to set up emergency responsibility
and responsibility traceability mechanism; Second,
establish a monitoring and management mechanism.
If it is an enterprise with a clear performance
indicator system and the working process can be
captured by the system, it is relatively easy to control.
For other enterprises without clear quantitative
indicators to monitor, it is recommended to design
relevant assessment systems if the emergency lasts
for more than one week. Third, ensure the stability of
the system. In addition to the daily monitoring of IT
personnel, the maintenance response of external
suppliers is very important, especially inholiday,
peak, crisis times, generally can be agreed to require a
response within 1 hour, within 24 hours to solve, but
will increase maintenance costs.
D. Firm the determination of enterprise
management to change
The management should have firm determination and
clear means to support the construction of financial
shared service center. Doing business migration will
certainly affect the existing interests of some
personnel, so the leadership should clearly promote
the purpose of sharing and the standard of building
the sharing center, so as to avoid imitating others and
hesitating. In addition, in the process of long-term
planning and overall strategic deployment, managers
should also pay attention to the conflict between the
business, organization and system and do a good job
of coordination, so as to solidly promote the
establishment of the project.
E. Build a complete financial information
sharing platform
In the context of enterprise digital transformation, the
digital transformation of financial sharing service is
not only to build a new platform and system, but also
to have the following core capabilities: First, end-to-
end process management function. Driven by digital
tools, all kinds of data have become the foundation
and core elements to drive the work of the sharing
center. Improving the quality of data is the key.
Internal functions, especially the internal function
docking between business departments and financial
sharing departments, should be more smooth; Second,
the capacity of planning summary and refining. In the
digital age, the creation of so-called rules or systems
is not only the formulation of detailed rules, but also
the concretization of specific rules and corresponding
use scenarios, and the summary and refining. Third,
the ability of digital expression. Compared with
traditional reporting or business analysis tools, using
digital methods to describe business changes and
states requires more rigorous logic and more precise
expression; Fourth, the ability to continuously
change. The digital age is characterized by flexibility
and change, so the digital transformation of financial
sharing requires continuous forward-looking
judgment and timely changes to adapt to the
development of the digital age. In addition, under the
impact of the new technology era, the financial
management methods of enterprises are gradually
becoming intelligent. In order to establish a complete
financial sharing information platform, it is essential
to prevent informatization risks. In view of
informatization risks, enterprises can prevent risks
from the following aspects: First, the application of
big data to help enterprises carry out risk management
and control, so that enterprises can jump out of the
traditional financial analysis framework, look at the
risks of enterprises from a new perspective, and put
forward early warning; Second, fully assess the status
quo of enterprise systems to identify information
system risks; Third, fully integrate information
systems to minimize technical risks that may occur in
the process of application; Fourth, establish and
improve the enterprise financial business data
management system to solve the problem of
numerous data and information island. It should be
noted that the information transmission stage is
vulnerable to Trojan horse and hacker attacks. The
company must attach importance to the application of
digital encryption, access restriction and cloud
storage and other related technologies, and adopt data
encryption processing for the database of financial
sharing service center and related information system.
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