Research on Optimization Paths for Corporate Financial Management under Digital Transformation

Abstract

With the acceleration of the digital economy, changes have been made to the financial management of enterprises through the use of artificial intelligence (AI), big data analysis, blockchain technology and cloud computing. This paper will study the optimization path for corporate financial management in the background of digitalisation and this paper aims to provide a comprehensive framework that can help enterprises use digital technology to enhance financial governance and operational efficiency, etc., to make good strategic decisions. According to the theoretical system of digital business strategy, accounting information systems and dynamic capabilities, the three necessary elements for optimisation in financial management in this paper are intelligent process automation, real-time integrated data analysis and dynamic risk monitoring and control. A Digital Financial Performance Index (FPI) will be introduced to show the results of the changes, and a return on investment model will be used to determine the economic benefits from the investment in digitalisation. According to the above analysis, all kinds of digitalisation in financial management has been used by the enterprise to reduce the financial close cycle, automate processes, improve forecasts, etc. The four ways to promote the optimisation of strategy are to build an online platform, develop smart finance tools, improve risk management and train talent. Based on empirical data from previous studies and typical case studies, it is proposed that a systematic and comprehensive plan for the construction of digital finance will be able to achieve the desired results better than the scattered introduction of various technologies. The paper has also pinpointed some problems, such as poor data quality management, issues with the old system, problems in personnel changes, weak cybersecurity governance, etc., and offers relevant suggestions for CEOs and corporate management, as well as for the government and regulatory bodies.