Revolutionizing Finance and Accounting Through AI-Driven Decision Making
S. Vaishnavi, J. Shobana, R. Renugadevi, Sakkaravarthi Ramanathan, K. Arthi, A. V. Kalpana · Practice, progress, and proficiency in sustainability · 2025
In today's context, accounting and finance are increasingly crucial for driving economic development, impacting both national economies and individual businesses. Accounting serves as a vital business language, offering stakeholders essential information for decision-making and reflecting managers' fiduciary duties. Its role has evolved beyond financial reporting to encompass enterprise management aspects such as forecasting, analysis, control, and decision-making. Meanwhile, investors rely on financial data to assess companies. In contrast, finance facilitates capital access for individuals and enterprises, optimizing asset allocation among investors and improving resource allocation efficiency. Despite these significant contributions to economic growth, the accounting and finance sectors face various challenges and bottlenecks that demand attention and resolution.