The Role of Strategic Budgeting in Enhancing Financial Performance and Corporate Adaptability in the Era of Global Economic Dynamics
DOI:
https://doi.org/10.5281/Keywords:
Strategic Budgeting, Digital Technology, ERP, AI, Sustainable Budgeting, Sustainability, Financial ManagementAbstract
This research aims to analyze the transformation of budgeting systems from traditional administrative functions into adaptive, innovative, and sustainable strategic instruments within modern financial management. Using a qualitative library research approach, this study explores relevant literature on strategic budgeting, digital technology integration, and the concept of sustainable budgeting. The findings reveal that budgeting has evolved beyond a financial control tool into a core mechanism for strategic decision-making. The integration of technologies such as Enterprise Resource Planning (ERP), Artificial Intelligence (AI), and machine learning enhances the efficiency, accuracy, and transparency of budgeting processes. Furthermore, sustainable budgeting emphasizes the balance between economic profit, social responsibility, and environmental preservation within corporate financial strategies. In conclusion, the synergy between technological innovation, organizational adaptability, and sustainability commitment is essential in developing resilient and relevant budgeting systems in today’s dynamic global economy.
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