Influence of Artificial Intelligence on Financial Management System in a Commercial Organization

The article is devoted to the impact of artificial intelligence (AI) on financial management system, efficiency and feasibility of introducing mechanisms, technologies and programs based on artificial intelligence into the work of a financial structure. It describes the essence of artificial intelligence and its features. The article uses the following research methods: analysis, synthesis, observation, measurement, comparison, financial analysis, as well as data processing and interpretation. The relevance and scientific novelty of research consists in the analysis and determination of the relationship between the key performance indicators of financial management and the use of mechanisms, technologies and programs based on artificial intelligence; identification of the degree of influence of technologies based on artificial intelligence on the effectiveness of the financial management system of commercial organizations. A scientific research on the influence of AI on the financial management system in a commercial organization is conducted using the example of PJSC Magnit, the largest retail chain of stores founded in Krasnodar. The data for the study were taken from the official website of the organization and from the financial and non-financial reports and documents provided therein. The degree of digitalization of the company, the systems used based on artificial intelligence are studied, and the work of the company’s financial management system is analyzed. The efficiency of the financial system is studied, the indicators related to the company’s financial management system are analyzed. The relationship between investments in the creation of IT departments, AI systems and their use in the financial system with the company’s financial indicators is revealed. A conclusion is made about the positive impact of the implementation of mechanisms using artificial intelligence in the work of the financial management system to achieve its goals and maintain competitiveness. The measures are suggested for commercial organizations on the methods and forms of the use of artificial intelligence system.