Automation in Financial Reporting: A Case Study

Oana-Alexandra Dragomirescu, Adriana-Teodora Parschivoiu, Andreea Vines and Andrei Nica
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Oana-Alexandra Dragomirescu: The Bucharest University of Economic Studies, Romania
Adriana-Teodora Parschivoiu: The Bucharest University of Economic Studies, Romania
Andreea Vines: The Bucharest University of Economic Studies, Romania
Andrei Nica: The Bucharest University of Economic Studies, Romania

Database Systems Journal, 2024, vol. 15, issue 1, 10-22

Abstract: Financial reporting is the key in understanding an organization’s financial information in a clear and organized way. With the advent of Artificial Intelligence (AI), there has been a significant shift towards automation due to its numerous benefits, including improved data quality and integration, cost and time savings, scalability, flexibility, and enhanced operational efficiency. This article explores the necessity of automation in financial reporting, focusing on the use of the automation tool Alteryx with the AnaCredit dataset, and examines the outcomes of incorporating automation into daily financial reporting practices, demonstrating the tangible benefits and improvements achieved through this technological integration. dbjournal.ro

Keywords: business process automation; financial reporting; Alteryx automation (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:aes:dbjour:v:15:y:2024:i:1:p:10-22

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