An intelligent financial management system for optimal resource allocation in an organisation
by Juan Camilo Vanegas Pinto; Jose Aguilar; Elizabeth Suescún; José Alejandro Román; Alejandra Cardenas Montoya; Mateo Florez Restrepo; Laura Sánchez Córdoba
International Journal of Applied Decision Sciences (IJADS), Vol. 16, No. 5, 2023

Abstract: Today, companies require many decision-making tools to maximise their efficiency. This task can be facilitated by the possibility of developing intelligent decision-making systems based on data. In this way, the objective of this paper is to develop a tool to optimise free cash flow that assists in making decisions concerning the allocation of financial resources, so that the profitability can be improved without disproportionately increasing risk. This paper defines a smart system to study the financial performance of a company, and additionally, it prescribes changes in the approach to the allocation of financial resources that management may adopt. The smart system is based on an autonomous cycle of data analysis tasks, which consists of an optimisation process to define the financial resource allocation changes needed towards the accomplishment of the best risk-reward possible that uses a prescriptive model to evaluate the expected behaviour of the company's future free cash flows.

Online publication date: Fri, 01-Sep-2023

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