The Impact of Financial Informatization on the Financing Costs and Speed of SMEs: A Case Study of Beijing Liwang Technology Co., Ltd.

Abstract

This paper takes Beijing Liwang Technology Co., Ltd. as a case study to explore the impact of financial informatization on the financing costs and speed of small and medium-sized enterprises (SMEs). By analyzing the application process of financial informatization in the company and its actual effects on financing operations, it reveals the mechanisms through which financial informatization reduces information acquisition costs, transaction costs, and risk management costs, optimizes business processes and information transmission efficiency, thereby effectively lowering the financing costs and increasing the financing speed of SMEs. It also identifies challenges such as technological security, management transformation, market competition, and policy adaptability in the application process of financial informatization, and proposes corresponding strategies. The results show that financial informatization provides a new optimization path for SME financing, which has significant theoretical and practical value.