Enhancing Financial Efficiency: The Role of Automation, Budgeting, and Process Optimisation in Modern Financial Reporting

Author(s)	Tushar Singhal
Country	India
Abstract	In an era of rapid business evolution, financial efficiency has become a strategic imperative for organizations seeking sustainable growth. This paper explores the role of automation, budgeting, and process optimization in modern financial reporting. Automation minimizes human error, accelerates financial processes, and enhances compliance through AI-driven tools and robotic process automation (RPA). Budgeting enables resource allocation, forecasting, and financial control, improving decision-making agility. Process optimization eliminates inefficiencies, streamlining workflows for greater accuracy and speed. By integrating these elements, organizations can enhance financial accuracy, reduce costs, and improve strategic financial management, positioning themselves for success in a dynamic business landscape.
Keywords	Budgeting, Process Optimization, Forecasting, Robotic Process Automation
Published In	Volume 7, Issue 1, January-February 2025
Published On	2025-02-21
Cite This	Enhancing Financial Efficiency: The Role of Automation, Budgeting, and Process Optimisation in Modern Financial Reporting - Tushar Singhal - IJFMR Volume 7, Issue 1, January-February 2025. DOI 10.36948/ijfmr.2025.v07i01.36768
DOI	https://doi.org/10.36948/ijfmr.2025.v07i01.36768
Short DOI	https://doi.org/g85s2f

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International Journal For Multidisciplinary Research