A Comprehensive Review on Application of AI in Financial Management

The integration of Artificial Intelligence (AI) in financial management has transformed traditional financial practices by introducing automation, accuracy, and predictive capabilities. AI technologies such as machine learning, natural language processing, and data analytics are increasingly used to enhance decision-making, risk management, fraud detection, and investment strategies. Financial institutions and organizations leverage AI to analyse large datasets, forecast market trends, optimize portfolios, and improve customer experiences. By automating repetitive tasks, AI allows finance professionals to focus on strategic and analytical functions. Moreover, AI-driven insights enable real-time monitoring and smarter financial planning, contributing to improved efficiency and profitability. Despite its numerous advantages, the adoption of AI in financial management also poses challenges related to data security, ethical concerns, and implementation costs. Overall, AI represents a significant innovation that continues to reshape the future of financial management and corporate decision-making.