Strategic Financial Management in The Digital Age: Leveraging Artificial Intelligence (AI) for Enhanced Creativity and Insight
Main Article Content
Yonghwa Han
Andini Nurwulandari
Hasanudin
This study investigates the influence of artificial intelligence (AI) integration on strategic financial management in large corporations. Focusing on a sample of 20 Fortune 500 companies from diverse industries, the research employs a quantitative, descriptive-analytical approach utilizing secondary data from financial reports and AI system logs. The findings reveal that AI adoption significantly enhances forecasting accuracy, risk identification, and operational efficiency, while also enabling financial managers to redirect resources toward creative and strategic initiatives. However, the study also identifies challenges related to data quality, ethical considerations, and skill gaps in AI utilization. The results highlight the importance of a balanced approach that combines AI-driven insights with managerial intuition to maximize value creation in the digital age.
Akour, I., et al. (2023). Artificial Intelligence and Financial Decisions: Empirical Evidence from Developing Economies. International Journal of Data and Network Science, 8(1), pp. 101–108. https://doi.org/10.5267/j.ijdns.2023.10.013.
Antwi, N.B.O., Adelakun, N.B.O. and Eziefule, N.A.O. (2024). Transforming Financial Reporting with AI: Enhancing Accuracy and Timeliness. International Journal of Advanced Economics, 6(6), pp. 205–223. https://doi.org/10.51594/ijae.v6i6.1229.
Chen, C. (2023). Investigation into the Development of Intelligent Financial Management Systems Based on Artificial Intelligence. Advances in Economics and Management Research, 1(3), p. 429. https://doi.org/10.56028/aemr.3.1.429.
Deshmukh, P.B., Nikam, P. and Moholkar, N. (2024). Role of Artificial Intelligence in Financial Management. ShodhKosh Journal of Visual and Performing Arts, 5(6). https://doi.org/10.29121/shodhkosh.v5.i6.2024.1765.
Gonesh, C. et al. (2023). The Impact of Artificial Intelligence on Business Strategy and Decision-Making Processes. European Economic Letters (EEL). https://doi.org/10.52783/eel.v13i3.386.
Hariharan, N. K. (2018). Artificial Intelligence and Human Collaboration in Financial Planning. Munich Personal RePEc Archive. https://mpra.ub.uni-muenchen.de/109515/.
Hidayat, M., Defitri, S.Y. and Hilman, H. (2024). The Impact of Artificial Intelligence (AI) on Financial Management. Management Studies and Business Journal (PRODUCTIVITY), 1(1), pp. 123–129. https://doi.org/10.62207/s298rx18.
Hu, H. (2024). Artificial Intelligence Background Corporate Financial Management Transformation Study. Frontiers in Business Economics and Management, 15(2), pp. 52–56. https://doi.org/10.54097/580m4t65.
Kumari, B., Kaur, J. and Swami, S. (2022). Adoption of Artificial Intelligence in Financial Services: A Policy Framework. Journal of Science and Technology Policy Management, 15(2), pp. 396–417. https://doi.org/10.1108/jstpm-03-2022-0062.
Larkin, N.S. (2025). 5W1H Framework for Application of AI in Power Transmission Companies for Financial Management. Journal of Information Systems Engineering & Management, 10(17s), pp. 126–136. https://doi.org/10.52783/jisem.v10i17s.2713.
Melani, N.P.I., Saputra, K.A.K. and Surasmi, I.A. (2024). The Influence of Accounting Understanding, Accounting Digitalization, and Human Resource Competence on The Quality of Financial Reports in Village Credit Institutions in Ubud District. International Journal of Environmental Sustainability and Social Science, 5(6), pp. 2034–2043. https://doi.org/10.38142/ijesss.v5i6.1278.
Mossavar-Rahmani, F. and Zohuri, B. (2024). Artificial intelligence at Work: Transforming Industries and Redefining the Workforce Landscape. Journal of Economics & Management Research, pp. 1–4. https://doi.org/10.47363/jesmr/2024(5)213.
Przychocka, I. and Sikorski, M. (2024). Impact of AI on Financial Decision-Making in Team Management Risk Analysis and Performance Forecasting. Communications of International Proceedings. https://doi.org/10.5171/2024.4440324.
Revilla, E. et al. (2023). Human–Artificial Intelligence Collaboration in Prediction: A Field Experiment in the Retail Industry. Journal of Management Information Systems, 40(4), pp. 1071–1098. https://doi.org/10.1080/07421222.2023.2267317.
Sari, Y., & Indrabudiman, A. (2024). The Role of Artificial Intelligence (AI) in Financial Risk Management. Formosa Journal of Sustainable Research, 3(9), 2073–2082. https://doi.org/10.55927/fjsr.v3i9.11436.
Xiwei, H. (2024). Digital Transformation of Financial Management: The Evolution and Impact of Smart Financial Systems. Academic Journal of Business & Management, 6(10). https://doi.org/10.25236/ajbm.2024.061036.
Xu, C. and Cho, S.-E. (2025). Factors Affecting Human–AI Collaboration Performances in Financial Sector: Sustainable Service Development Perspective. Sustainability, 17(10), p. 4335. https://doi.org/10.3390/su17104335.