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The Impact of Digital Transformation on Corporate Financial Practices: A Global Perspective
Abstract
Digital transformation has revolutionized corporate financial practices globally, introducing advanced technologies like AI, blockchain, and cloud computing to enhance efficiency, accuracy, and decision-making. This paper examines the impact of these innovations on financial management, reporting, and auditing, focusing on automation, real-time analysis, and transparency. While digital tools offer significant advantages, challenges such as regulatory compliance, data security, and the need for workforce reskilling remain prevalent. Through a comparative analysis of global sectors, this study highlights both the opportunities and risks associated with the integration of digital technologies in corporate finance.
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