FINANCIAL MANAGEMENT IN THE DIGITAL AGE
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Abstract: FINANCIAL MANAGEMENT IN THE DIGITAL AGE
This study explores the impact of digitalization on financial management practices. Objectives include assessing the adoption of digital tools in financial management, analyzing their impact on efficiency and accuracy, and identifying challenges in digital transformation. A survey research design is used to collect data from financial managers and technology officers. Using Taro Yamane's formula, a sample size of 300 firms in Lagos, Nigeria, was selected. The reliability coefficient score of the survey instrument is 0.89. Findings indicate that digital tools significantly enhance financial management efficiency and accuracy, though challenges such as cybersecurity and technology adoption persist. Recommendations include investing in digital transformation initiatives and providing training on digital financial management tools to maximize their benefits.
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