Intelligent Financial Management Systems Innovations and Applications in the Digital Era

Xiwei Hao
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Xiwei Hao: ABB China Co., Ltd., China

Frontiers in Management Science, 2024, vol. 3, issue 5, 8-18

Abstract: With the advancement of digital transformation, intelligent financial management systems have played a significant role in improving the efficiency, accuracy, and decision-making capabilities of corporate financial management. This study explores the performance and impact of three intelligent financial management systems — Digital Processing Methods and Financial Reimbursement Document System (System A), Industrial Digitalization Industry Enterprise Growth Evaluation System (System B), and Cloud-based Intelligent Financial Management Tools (System C) — in practical applications through case study methods. The results show that these systems have significantly improved the efficiency and accuracy of financial management, enhanced decision-making capabilities, and reduced operational costs through automated processes, data mining, and machine learning techniques. The study also points out challenges in the implementation process, such as data quality, user acceptance, and system integration issues, and predicts future development trends. Finally, the paper discusses the limitations of the research and proposes directions for future research.

Keywords: intelligent financial management systems; digital transformation; machine learning; cloud computing; financial decision support; efficiency improvement; accuracy enhancement; challenges and solutions; future trends (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:bdz:frmans:v:3:y:2024:i:5:p:8-18

DOI: 10.56397/FMS.2024.10.02

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