What are the risks of financial management under the digital transformation of enterprises? Evidence from systems engineering

Abstract

Digitalization is rewriting the track of economic development and becoming a new driving force for economic growth. It is of great significance for enterprises to better complete digital transformation to scientifically and rationally understand the key indicators and their interrelationships in financial management risks. This paper constructs the index system of enterprise financial management risk under the background of digital transformation, uses the interpretative structural model (ISM) to calculate and analyze the adjacency matrix, obtains the hierarchical division of influencing factors, summarizes the internal pointing relationship between the index factors at all levels, and then uses the cross influence matrix multiplication (MICMAC) to calculate the driving-dependence relationship of each factor to judge its attribute category. This paper summarizes a relatively complete and comprehensive financial management risk impact path with the help of ISM-MICMAC method, and provides a scientific and reasonable countermeasure for enterprises that are about to or undergoing digital transformation to better avoid financial management risks.

Keywords

• ism
• micmac
• digital transformation
• financial risk