Systematic Integration of Computer Technology and Financial Management to Reduce Costs and Increase Operational Efficiency: A Systematic Review
Journal Title: Journal of Economics, Finance and Management Studies - Year 2025, Vol 8, Issue 05
Abstract
In the era of exponential data expansion and digital technology, companies that want to boost efficiency and get a competitive advantage must combine computer science and financial management. Using The integration of technologies such as cloud computing, artificial intelligence, the Internet of Things, and big data analytics primarily serves to improve the ability to make well-informed judgements. reduce running costs, and enhance financial result accuracy. According to the assessment studies, this integration yields several advantages including lower complexity, better financial prediction accuracy, and higher productivity. While there are several benefits, management of disorganized data, cybersecurity, and regulatory compliance constitute among the several drawbacks. Studies suggest that funding staff training, improving cybersecurity standards, and including innovative technologies like blockchain and 3D printing could help to raise operational effectiveness. Combining computer science with financial management offers a great chance to simplify and enhance financial practices. However, to assure the success of the digital procedure, regulatory and technological impediments must be overcome.
Authors and Affiliations
Nisreen Mustafa Sajid , Mohamed Sodad Awnalrafek , Maher Ali Ahmed,
Keywords
Related Articles
- EP ID EP768111
- DOI 10.47191/jefms/v8-i5-67
- Views 6
- Downloads 0
The Effect of Inflation, Interest Rate, Gross Domestic Product, Operational Efficiency Ratio, Loan to Deposits Ratio in Private Bank Return on Asset in IDX
Private Bank activities can’t be separated from the company’s profit known as Return On Assets. Bank management needs to maintain the amount of Return On Assets. The goal of this study is to examines the effect of inflat...
Exploring the Link between Corporate Social Responsibility (CSR) and Customer Loyalty (CL) in the Funeral Assurance Industry in Zimbabwe: A Qualitative Analysis
This study explored the link between Corporate Social Responsibility (CSR) and Customer Loyalty (CL) in the Funeral Assurance Industry in Zimbabwe. Using a qualitative research methodology, the study examined the impact...
Assessing the Impact of the Work from Home Phenomena on Employee Productivity in Clinton Health Access Initiative (CHAI), Zambia During the COVID-19 Pandemic
The COVID-19 pandemic in 2019 prompted major changes to social life leading to lockdowns and organisations having employees work from home to ensure social distancing. Between 2020 and 2021, the Clinton Health Access Ini...
Security Management and the Performance of Nigerian Deposit Money Banks
The deposit money banks (DMBs) have been affected by cases of robbery attacks in recent times in Nigeria. The study examined the security management and the performance of DMBs in Nigeria. The study used building perimet...
Empirical Nexus between Corporate Governance and Corporate Financial Performance: A Common Estimated Approach
The study aims to investigate the association between corporate governance and corporate financial performance. This study is unique and contributing to the body of knowledge by investigating several new and unique relat...