📄 Abstract
This research explores the transformative impact of technology and digitalization on corporate finance practices. It examines how advancements in automation, data analytics, and emerging technologies like artificial intelligence are revolutionizing the way corporations manage their finances. The research analyzes the key areas of transformation, including, enhanced efficiency: automation of repetitive tasks like data entry and reconciliation, leading to faster processes and reduced costs; improved accuracy: digital tools and data analytics minimize human error and provide real-time financial insights for more informed decision-making; strategic focus: by freeing up time from mundane tasks, finance professionals can dedicate themselves to strategic analysis, risk management, and value creation; data-driven decisions: the ability to analyze vast amounts of financial data enables better forecasting, budgeting, and investment strategies. The article will further explore the challenges associated with digital transformation, such as cybersecurity concerns, talent gaps, and navigating a rapidly evolving technological landscape. It will also address the potential future directions of corporate finance in the digital age, considering emerging technologies like blockchain and machine learning. By investigating these aspects, this thesis aims to provide valuable insights for both corporate finance professionals and academic researchers interested in understanding the transformative power of technology and digitalization in the financial world.
🏷️ Keywords
📚 How to Cite:
Sherzod Yusupov ,Mirkhamdamov Mirafzal ,Umarjonova Dilafruz , THE ROLE OF TECHNOLOGY AND DIGITALIZATION IN TRANSFORMING CORPORATE FINANCE , Volume 11 , Issue 5, may 2024, EPRA International Journal of Environmental Economics, Commerce and Educational Management(ECEM) ,