The potential benefits of the implementation of Blockchain Technology in the Finance department of Companies / Bastien BEQUET / 2021

Titre : The potential benefits of the implementation of Blockchain Technology in the Finance department of Companies Type de document : Mémoire Auteurs : Bastien BEQUET, Auteur Année de publication : 2021 Importance : 84 p. Note générale : Pour accéder aux fichiers PDF, merci de vous identifier sur le catalogue avec votre compte Office 365 via le bouton CONNEXION en haut de page. Langues : Anglais (eng) Mots-clés : Management ANALYSE COUT BENEFICE ; CHAINE LOGISTIQUE ; FINANCEMENT ; INTELLIGENCE ARTIFICIELLE ; TECHNOLOGIE FINANCIERE Résumé : Blockchain is an innovative technology which is already impacting several areas. It is being implemented in supply chain as well as in the insurance sector to improve current processes. In supply chain, it is used to provide a better tracking of the products and solve inventory issues. Within the insurance sector, companies use blockchain to automate tasks leading to a faster reimbursement of customers. Blockchain can improve the finance department of a company by automating tasks, improving the accuracy of the data as well as reducing its costs. Financial professionals interviewed through the use of a questionnaire answered that blockchain has the potential to improve several aspects of the finance department of a company. Blockchain’s implementation can reduce the workload of accountants, financial analysts and auditors. Also, it can automate several tasks such as the payment of invoices, the reconciliations or the calculation of ratios. Eventually, professionals expect the technology to be implemented within ten years. Blockchain can be complex to implement due to the recency of the technology and its complexity. However, several editors are available on the markets and they offer various types of blockchain that companies can choose from. To implement one, I highly recommend companies to hire developers and computer science consultants to get the highest quality and the best advice on how to use it. Finally, artificial intelligence is a technology that can be coupled to blockchain to improve processes even more and reduce the costs of companies. Programme : Cesem Permalink : https://cataloguelibrary.neoma-bs.fr/index.php?lvl=notice_display&id=536111