THE DIGITAL TRANSFORMATION OF THE FINANCIAL FUNCTION AND ITS IMPLICATIONS FOR ECONOMIC AND FINANCIAL ANALYSIS

Caruntu Genu Alexandru
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Caruntu Genu Alexandru: CONSTANTIN BRANCUSI UNIVERSITY TARGU-JIU

Annals - Economy Series, 2026, vol. 1, 154-162

Abstract: Digital transformation has become a strategic priority for modern organizations, especially those in the financial sector, where the demands for operational efficiency, regulatory compliance, predictive analytics, and data valorization are increasing. This article analyzes how the digitalization of financial processes — through the implementation of ERP (Enterprise Resource Planning) systems, migration to cloud solutions, the use of advanced analytics, and technologies such as RPA (Robotic Process Automation) — is redefining the role and functions of the finance department. At the same time, concepts of financial management and economic-financial analysis (performance, flexibility, risk) are integrated, highlighting the main benefits, challenges, and strategic implications that these transformations generate for organizations.

Keywords: digital; financial; innovation; systems; transformation (search for similar items in EconPapers)
Date: 2026
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