Research on the Application of Data Mining in Corporate Financial Management

Research on the Application of Data Mining in Corporate Financial Management

연구 분야: Databases

학회: International Conference on Frontier Computing

The financial management of a company is a process of allocating resources to maximize the company's profits. The success of any company depends on how effectively it allocates resources. This involves deciding what and how much to produce, when to produce, and what costs should be incurred, who is responsible for paying these costs, and whether they are necessary. These decisions must be made in consideration of several factors such as production cost, sales volume and market conditions. The process of managing the company's finances includes forecasting, budgeting and control. Financial management is a key function in each business. It must be implemented in order to make the organization run smoothly and effectively. In this article, I will discuss how data mining can help in this area by predicting future trends and better estimating the budget set for each department in the company.