The Influence of Information Communication Technology on Financial Management
Asian Journal of Advanced Research and Reports · pp. 30–40 · Published 16 Apr 2024
10.9734/ajarr/2024/v18i6651Abstract
Problem Statement: The major drawbacks attached to using olden methods of operation for financial management have been a major catalyst to the adoption of the fast growing Information Communication Technology in Financial Management. The major benefits and advantages of using this method are inestimable. Thus, there is need for presenting up-to-date information in this domain. Aim: This paper presents up-to-date reference about Information Communication Technology influence on financial management. Scope of Study: Basic fundamental information is also presented. The concepts of Information Communication Technology and Financial Management were explained. The components, elements and categories of Information Communication Technology in Financial Management were explained. Stock markets and banking sector were referenced as typical financial institutions using Information Communication Technology. Conclusion: However, some drawbacks of utilizing Information Communication Technology in Financial Management were noticed in the course of investigation and were presented in the paper. Limitations: Future studies should look into the application of machine learning (such as artificial intelligence, robotics, automation and so on) to improve the influence of information communication technology on financial management. Further studies should be conducted on the applications of information communication technology in different financial management organizations to observe the variations in the ICT influence.
References (12)
- 1 Understanding digital transformation: A review and a research agenda [DOI]
- 2 Financial Technology and Its Impact on Digital Literacy in India: Using Poverty as a Moderating Variable [DOI]
- 3 Information Communication Technology and Intelligent Manufacturing Industries Perspective: An Insight [DOI]
- 4 Building a Model for Financial Management of Digital Technologies in the Areas of Combinatorial Effects [DOI]
- 5 Machine Learning and Deep Learning Algorithms for Network Data Analytics Function in 5G Cellular Networks [DOI]
- 6 Nexus analysis of financial management, digital finance and new technologies [DOI]
- 7 Systematic Number Plate detection using improved YOLOv5 detector [DOI]
- 8 The Influence of Financial Technology on the Advancement of Financial Inclusion in Micro, Small, and Medium Enterprises (MSMEs) in West Java [DOI]
- 9 The Effect of Economic Growth and Inflation on Liquidity in “Bank Syariah Indonesia” [DOI]
- 10 Impact of Information Technology on Accounting Systems [DOI]
- 11 The Adoption Of Information And Communication Technology In The Public Sector; A Study Of The Financial Management In The Ghana Education Service (GES)
- 12 Asia-pacific Journal of Multimedia services convergent with Art, Humanities, and Sociology [DOI]
Cited by 0
No indexed citations yet.
Related research
- Assessment of Accessibility of Information and Communication Technology by Gender among Famers in Taraba State, Nigeria — shares topic coverage
- ICT Literacy and Usage for Quality Education in Public Tertiary Institutions in Anambra State, Nigeria — shares topic coverage
- Assessment of Information and Communication Technologies Used for Disseminating Innovations by Extension Agents in Ogun State, Nigeria — shares topic coverage
- Information Communication Technology as a Strategic Resource in Enhancing Business Performance of Small Hotels in Ghana — shares topic coverage
- Assessing the Need for and Constraints to Information and Communication Technology (ICT) Integration in the Teaching and Learning of Tourism at Higher Education Institutions in Kenya — shares topic coverage
Article metrics
Real usage data collected on this platform.
63
Page views
0
PDF downloads
17
Outbound clicks
0
Citations
Views over time
Views by country
Approximate, from request IP at view time — not citizenship or institution. Countries with fewer than 5 views are grouped as "Other".
Traffic sources
Referring site, by host.
Views and downloads exclude known bots/crawlers. Citations combines this platform's own DOI-resolved index with each external source's own reported total — see Cited by above for individually listed citing works. Last refreshed 0 seconds ago.