The Role of Artificial Intelligence in Enhancing Financial Decision-Making: A Case for AI-Integrated ERP Systems
Year: 2025
Type: article
Abstract: : The evolution of Enterprise Resource Planning (ERP) systems in accounting has profoundly impacted how businesses manage financial data, streamline operations, and achieve strategic goals. From their inception as standalone financial tools to becoming integrated platforms that support a range of business processes, ERP systems have continually adapted to meet the changing needs of organizations. This paper explores the historical development of ERP systems, emphasizing their role in digitalizing accounting functions and integrating with other business modules. It also examines the challenges faced in adopting ERP solutions, such as high costs, complexity, and resistance to change, while highlighting emerging technologies like blockchain, IoT, and AI that are shaping their future. The study concludes with insights into the potential of ERP systems to redefine accounting practices through innovation and enhanced connectivity, aligning with broader digital transformation initiatives. Keywords: ERP systems, Accounting, Digitalisation, Integration, Blockchain, Future directions. Title: The Role of Artificial Intelligence in Enhancing Financial Decision-Making: A Case for AI-Integrated ERP Systems Author: Sokunbi Ayodeji Julius International Journal of Novel Research in Marketing Management and Economics ISSN 2394-7322 Vol. 12, Issue 1, January 2025 - April 2025 Page No: 24-33 Novelty Journals Website: www.noveltyjournals.com Published Date: 27-February-2025 DOI: https://doi.org/10.5281/zenodo.14937792 Paper Download Link (Source) https://www.noveltyjournals.com/upload/paper/The%20Role%20of%20Artificial%20Intelligence-27022025-3.pdf
Author: Sokunbi Ayodeji Julius
Language: English
Subfield: Management Information Systems
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W6930799122
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