Innovation of enterprise financial management based on machine learning and artificial intelligence technology

Abstract

With the development of economic globalization, the competition between companies is increasing and becoming a norm. As one of the main value-added tools, financial management has greatly improved its position in business management. Traditional financial management is difficult to keep up with the pace of modern company management, which to a large extent hinders the effective development of enterprises. Therefore, under the current macroeconomic background, the necessity of studying financial management innovation has become more urgent. In this context, seeking innovation is not only a problem for enterprises, but also an important strategic goal of economic development and the concept of national modern enterprise development. Many studies have been carried out in the field of technological innovation, and few have focused on innovation in financial management. Exploratory research on the factors that affect the choice of financial management mode and route planning is important both in reality and in theory. It can help enterprises to gain greater competitive advantage through innovative financial management and improve their operating efficiency and production quality. This paper is based on learning. A research on the innovation of enterprise financial management is carried out on machine and artificial intelligence technology.

Financial Analysis as An Effective Tool for Business Management: Identifying Trends and Optimizing Decisions

“…As a result, business structures that ignore the digital transformation of financial processes today are losing great opportunities and benefits. Yubo C. (2021), Xianglan W. and Xingfeng, F. (2020) have also thoroughly characterized the companies' fundamental approaches to implementing digitalized financial analysis tools and evaluated their effectiveness in managing business activities.…”

Innovation of Enterprise Management in the Era of Artificial Intelligence

“…Furthermore, introducing AI technology can address the issue of high error rates in manually handling financial information [8]. Financial robots can effectively track various processes in financial management and automatically verify matters at each stage, thus avoiding human errors and significantly enhancing the quality and efficiency of financial management.…”

Artificial Intelligence (AI) in the Financial Sector

“…For the first time in China's 31 inland provinces, municipalities and autonomous regions, chemical enterprises have achieved green production, and the average GDP growth rate has reached 8.75% for the first time. Yubo (2021) explains that innovation in corporate financial management is carried out in machine technology and artificial intelligence. With the development of economic globalization, competition between companies is increasing and has become commonplace.…”