Digital Transformation in International Financial Management: Opportunities and Challenges for Global Companies

Abstract

International financial management practices have been significantly transformed by advances in digital technology, particularly for multinational corporations. Through the use of technologies such as artificial intelligence (AI), big data, cloud computing, and blockchain, digital transformation enables businesses to improve operational efficiency, accelerate international transaction processes, and enhance decision-making. The purpose of this article is to examine both the opportunities and barriers arising from digital transformation in international financial management in global corporations. This study analyzes the literature on digital transformation, international financial management, and business digitization. The results show that digital transformation offers opportunities for better risk management, greater information transparency, and integration of financial systems across countries. However, digitalization faces many challenges, as does integrating the financial systems of other countries. These challenges include cybersecurity threats, regulatory differences between countries, limitations in technological infrastructure, and the need to improve human resource skills. Therefore, to capitalize on technological opportunities while mitigating risks in the international business environment, global corporations must implement appropriate digital transformation strategies.