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Automation in Financial Reporting: A Case Study

Author

Listed:
  • Oana-Alexandra DRAGOMIRESCU

    (The Bucharest University of Economic Studies, Romania)

  • Adriana-Teodora PARSCHIVOIU

    (The Bucharest University of Economic Studies, Romania)

  • Andreea VINES

    (The Bucharest University of Economic Studies, Romania)

  • Andrei NICA

    (The Bucharest University of Economic Studies, Romania)

Abstract

Financial reporting is the key in understanding an organization’s financial information in a clear and organized way. With the advent of Artificial Intelligence (AI), there has been a significant shift towards automation due to its numerous benefits, including improved data quality and integration, cost and time savings, scalability, flexibility, and enhanced operational efficiency. This article explores the necessity of automation in financial reporting, focusing on the use of the automation tool Alteryx with the AnaCredit dataset, and examines the outcomes of incorporating automation into daily financial reporting practices, demonstrating the tangible benefits and improvements achieved through this technological integration. dbjournal.ro

Suggested Citation

  • Oana-Alexandra DRAGOMIRESCU & Adriana-Teodora PARSCHIVOIU & Andreea VINES & Andrei NICA, 2024. "Automation in Financial Reporting: A Case Study," Database Systems Journal, Academy of Economic Studies - Bucharest, Romania, vol. 15(1), pages 10-22.
    • Handle: RePEc:aes:dbjour:v:15:y:2024:i:1:p:10-22
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    References listed on IDEAS

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    1. Hauet, Olivia, 2019. "The AnaCredit regulation is in place — a reflection on data-driven reporting: What has been achieved by the banks and regulators, and what remains to be done?," Journal of Financial Compliance, Henry Stewart Publications, vol. 3(1), pages 29-43, September.
    2. Gerring, John, 2004. "What Is a Case Study and What Is It Good for?," American Political Science Review, Cambridge University Press, vol. 98(2), pages 341-354, May.
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