Abstract:With the advent of the information age, the need for information technology construction is beginning to be realized when working in corporate financial management. The application of ERP systems to financial management has become a major trend in the development of modern society. This can help companies collect financial information in real time and analyze and process the obtained information. This paper first gives the significance and models of the ERP financial management system. Then, a financial risk p… Show more
“…By considering the code redundancy and system adaptability and stability in the system development process, the system architecture is designed in the sense of scalability, with three elements: presentation layer, logic layer, and data. The multilevel design allows each logic level to be independent of itself, which makes the system more flexible and easier to maintain [14]. The main users of the program are the university's financial personnel.…”
Section: Construction Methods Of Financial Management Systemmentioning
At present, financial management systems have been applied in many universities. University’s usage of the financial management system to achieve ideal results in formulating financial plans, strengthening financial control, and improving the efficiency of financial management. The healthy and long-term development of a university is inseparable from scientific financial management methods. With the rapid development of computer technology, the use of financial management tools is an effective way to improve the quality of financial management. The article applies computer network technology to the financial management system. The main functions of the financial management part and the accounting management part of the system are set as data recording and data statistics display. The financial management system combines the financial management of the university with the informatization of the industry, which realizes the computerization of accounting, and replaces the traditional manual financial mode. The results show that the average response time, data throughput per second, and number of requests per second of the transformed system are higher than those of the untransformed traditional system, and the ratio is about 5% higher. This shows that the financial management system constructed by the computer network technology can play a certain role in the operation of the university.
“…By considering the code redundancy and system adaptability and stability in the system development process, the system architecture is designed in the sense of scalability, with three elements: presentation layer, logic layer, and data. The multilevel design allows each logic level to be independent of itself, which makes the system more flexible and easier to maintain [14]. The main users of the program are the university's financial personnel.…”
Section: Construction Methods Of Financial Management Systemmentioning
At present, financial management systems have been applied in many universities. University’s usage of the financial management system to achieve ideal results in formulating financial plans, strengthening financial control, and improving the efficiency of financial management. The healthy and long-term development of a university is inseparable from scientific financial management methods. With the rapid development of computer technology, the use of financial management tools is an effective way to improve the quality of financial management. The article applies computer network technology to the financial management system. The main functions of the financial management part and the accounting management part of the system are set as data recording and data statistics display. The financial management system combines the financial management of the university with the informatization of the industry, which realizes the computerization of accounting, and replaces the traditional manual financial mode. The results show that the average response time, data throughput per second, and number of requests per second of the transformed system are higher than those of the untransformed traditional system, and the ratio is about 5% higher. This shows that the financial management system constructed by the computer network technology can play a certain role in the operation of the university.
“…Financial reporting platforms can improve the comparability of financial statements. Comparability of financial statements refers to the degree to which financial statements of different companies can be compared and analyzed (Zhang, 2022). Research has shown that comparability of financial statements is positively related to analyst following, forecast accuracy, and the total amount of information available to users.…”
Section: The Importance Of Platforms For Financial Reportingmentioning
Effective financial reporting is crucial for both regulatory compliance and well-informed decision-making in today's dynamic corporate climate. To streamline their financial reporting procedures, numerous businesses rely on various financial reporting platforms. This paper gives a case study that looks at how four firms implemented and used financial reporting tools such Microsoft Excel, SAP ERP, Host Analytics, and QuickBooks. According to the study's findings, using contemporary platforms has increased accuracy and efficiency. Additionally, the study highlights how vital it is to continuously adapt and embrace new technology in order to guarantee that financial reporting continues to be a benefit for businesses of all shapes and sizes. Finally, it makes a strong case for utilizing contemporary financial reporting tools to improve the accuracy and efficiency of financial reporting procedures. To make sure they are optimizing the advantages of financial reporting, organizations should place a high priority on remaining current with technological developments.
“…customer churn using ensemble methods, Random Forest (RF), and Light Gradient-Boosting Machine (LightGBM)[17] Sales Q1(Faritha Banu et al, 2022) Model for predicting and managing customer churn and non-churn in the business sector using advanced selection, optimalization, and classification techniques deep learning-based method to enhance the classification accuracy of sentiment analysis on product comments[19] Sales Q1(Qiu & Chen, 2022) Model for analysing environmental costs using Back Propagation Neural Network (BPNN) optimized by the NSGA-II algorithm[20] Financial Q2(Chen & Long, 2023) Model for predicting financial risks based on a neural network with a combination of Factor Analysis (FA), Particle Swarm Optimization (PSO), and Long Short-Term Memory (LSTM) techniques[21] customer churn using Extreme Gradient Boosting (XGBoost) and Logistic Regression (LR)[22] analysis and goal extraction from customer feedback using a combination of Recurrent Neural Network (RNN) and Convolutional Neural Network (CNN)[23] Sales Q2Li et al, 2022) Implementation of Probabilistic Neural Network (PNN) for environmental cost control classification and Particle Swarm Optimization (PSO) algorithm as the decision-making system[24] Financial Q3(J et al, 2023) Customer churn prediction using a Support Vector Machine algorithm and Hybrid Recommendation Strategy to prevent churn[25] financial risks using an optimized structure combining Temporal Convolutional Network-Long (TCN) with Long Short-Term Memory (LSTM)[26] Financial Q4Wisesa et al, 2020) Model for predicting sales in the B2B context using various machine learning algorithms, with Gradient Boost performing the best[27] Sales ~(Sánchez-Torres et al, 2022) …”
Artificial intelligence has undergone rapid evolution, reaching a level of sophistication where it is now considered a personal assistant, aiding humans in their daily tasks. The potential of artificial intelligence can be observed in almost every sector of life including the business sector. Limited resources and skill capabilities especially for micro, small, and medium enterprises tend to hinder progress. However, given the current advanced level of artificial intelligence, it has emerged as an innovative and cost-effective solution to support business actors. This research systematically examines and discusses the potential of utilizing artificial intelligence in the business sector from credible and scientific sources. A systematic literature review methodology is used for this study. The review encompasses Scopus-indexed journals published between 2019 and 2023, with additional open-access publications. Based on the research findings, 106 studies were found, however, after the screening process the number of studies is reduced to 13 articles. Customer churn management emerged as the most prominent utilization of artificial intelligence. On the other hand, from a technological perspective, optimization technique emerged as the most frequently addressed topic in the examined studies.
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