TRANSFORMING FINANCIAL CONTROL THROUGH ARTIFICIAL INTELLIGENCE: A MODERN APPROACH TO FINANCIAL OVERSIGHT AND ANALYSIS

Mihaela Dumitru and Consuela Dicu ()
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Consuela Dicu: National University of Science and Technology POLITEHNICA Bucharest, Pite?ti University Center

Scientific Bulletin - Economic Sciences, 2024, vol. 23, issue 3, 35-44

Abstract: This study explores how artificial intelligence (AI) can revolutionize financial control, offering a modern approach to financial oversight and analysis. The use of AI in financial control enables the automation of repetitive processes, increases efficiency, and reduces human errors. The study highlights the benefits of employing advanced technologies, such as machine learning and predictive analytics, to improve the accuracy and speed with which financial risks and business opportunities are identified. It also discusses how AI can provide greater transparency and support strategic decision-making by delivering real-time financial insights. In conclusion, the study emphasizes the importance of adopting artificial intelligence to optimize financial control processes and enable more efficient and informed management of financial resources.

Keywords: Artificial Intelligence (AI); Machine Learning; Predictive Analytics; Financial Transparency; Advanced Technologies (search for similar items in EconPapers)
JEL-codes: C63 G17 G32 M41 O33 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:pts:journl:y:2024:i::p3:35-44

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