The Importance of Enhancing Technology in Accounting and Finance

Abstract

Accounting and finance have changed quickly thanks to digital technology. Companies require innovative solutions to improve accuracy, efficiency, and decision-making. This study upgrades accounting and finance technology, focusing on internal controls, automated data processing, electronic accounting, and automated reporting. Financial management systems evaluate technology uptake and performance based on these features. The study shows that technology-driven accounting solutions increase compliance, transparency, and risk management. The research found that sophisticated technology simplifies real-time financial reporting, improves data reliability, and reduces human error, boosting management decision-making. Accounting software and automation boost internal controls and operational resilience. This research found that technology boosts accounting and finance's competitiveness, sustainability, and creativity.