Digitalisation in Financial Planning: Tools and Trends for Modern Financial Managers

Digitalisation is also changing the nature of financial planning, as it provides financial managers with superior instruments and data-based insights to become more efficient and make strategic decisions. The article emphasises the significance of digital tools, including cloud-based platforms, enterprise resource planning (ERP) systems, robotic process automation (RPA), and artificial intelligence (AI), in contemporary financial planning and analysis (FP&A). It analyses some of the major trends defining the industry, such as real-time reporting, environmental, social, and governance (ESG) integration, financial inclusion, cybersecurity, and personalised financial services.

Relying on the latest studies, the article presents the advantages of using these technologies, including greater accuracy of predictions and operational efficiency. It also addresses issues such as the cost of implementation, protecting the privacy of data, and adapting employees to its usage. The debate highlights the role of financial managers in leveraging digitalisation to navigate complex markets and achieve sustainable business performance, with a focus on forecasting future changes in the use of emerging technologies such as blockchain and quantum computing.