Information Technology Investment Benefit Analysis Using the Cost Benefit Analysis Method and Ranti's Generic IS/IT Business Value Method

Estiyanti, Ni Made; Wenur, Novita Ariyanti Maria; Dewi, Putri Anugrah Cahya

doi:10.54371/jiip.v6i4.1835

Cited by 2 publications

(2 citation statements)

References 13 publications

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“…Their findings, derived from cost-benefit analysis and Ranti's generic IS/IT business value method, affirm the positive impact of AI on operational performance and financial reporting. The study not only highlights the direct financial benefits of AI investments but also underscores the broader strategic value of AI in enhancing business processes and reporting accuracy (Estiyanti, Wenur, & Dewi, 2023).…”

Section: Analyzing the Cost-benefit Of Ai In Financial Reportingmentioning

confidence: 83%

The influence of AI on financial reporting quality: A critical review and analysis

Lawrence Damilare Oyeniyi,

Chinonye Esther Ugochukwu,

Noluthando Zamanjomane Mhlongo

2024

World J. Adv. Res. Rev.

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In an era where the confluence of Artificial Intelligence (AI) and financial reporting is reshaping the contours of financial analysis and accountability, this paper ventures into the heart of this transformation. With a purposeful gaze, it examines the burgeoning role of AI in enhancing the quality, accuracy, and timeliness of financial reporting. The study, anchored in a qualitative research methodology, meticulously explores the integration of AI technologies within the financial reporting landscape, aiming to illuminate the pathways through which AI can augment traditional reporting practices. Through the lens of this inquiry, the paper traverses the evolution of financial reporting, the foundational principles of AI, and the symbiotic relationship between AI applications and financial analytics, culminating in a nuanced understanding of AI's potential to revolutionize financial reporting. The main findings reveal that AI significantly enhances reporting accuracy, analytical depth, and efficiency, while also presenting challenges related to ethical considerations, regulatory compliance, and the potential for biases. These insights pave the way for a set of carefully articulated recommendations, advocating for the standardization of AI systems in financial reporting, the development of comprehensive regulatory frameworks, and the promotion of AI literacy among financial professionals. Conclusively, the paper posits that the strategic integration of AI into financial reporting is not merely an option but a necessity for the advancement of the field, urging stakeholders to embrace this technological evolution with a balanced approach that harmonizes innovation with ethical and regulatory imperatives. This scholarly endeavor not only contributes to the academic discourse on AI in financial reporting but also serves as a beacon for practitioners navigating the complexities of this digital transformation.

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Section: Analyzing the Cost-benefit Of Ai In Financial Reportingmentioning

confidence: 83%

The influence of AI on financial reporting quality: A critical review and analysis

Lawrence Damilare Oyeniyi,

Chinonye Esther Ugochukwu,

Noluthando Zamanjomane Mhlongo

2024

World J. Adv. Res. Rev.

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“…The magnitude score investment made by PT XYZ then needed analysis of information technology investment to know the resulting benefits from an investment compared with the issued value. A suitable research method for analyzing information technology investment at PT XYZ is Ranti's Generic IT/IS Business Value for the benefits without differentiating tangible and intangible assets [6]. Cost Benefit Analysis for measuring the level of return-on-investment capital based on the benefits obtained [7], and comparative analysis of financial statements for annual financial statements component.…”

Section: Introductionmentioning

confidence: 99%

Analysis of the Benefits of SAP S/4 HANA Cloud IT/Is Investment in the Case of PT XYZ

Sintya,

Estiyanti,

Putra

et al. 2023

IJEMS

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PT XYZ is one of the largest telecommunication companies in Indonesia. In 2020, PT XYZ implemented a digital transformation to increase its excellence by investing in industry telecommunication and information systems (IT/IS) enterprise resource planning software called SAP (System Application and Processing) S/4 HANA Cloud. The study aims to analyze the benefits of these IT investments made in PT XYZ. The results are carried out using the Comparative Analysis of Financial Statements followed by Business Value and Financial Feasibility Analysis and the Cost Benefit Analysis (CBA) method between 2018 and 2021. It can be revealed that the SAP S/4 Hana Cloud investment benefits the company's operations, which are identified in the form of 5 sub-categories that fall into required categories based on Ranti's Generic IT/IS Business Value.

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Information Technology Investment Benefit Analysis Using the Cost Benefit Analysis Method and Ranti's Generic IS/IT Business Value Method

Cited by 2 publications

References 13 publications

The influence of AI on financial reporting quality: A critical review and analysis

The influence of AI on financial reporting quality: A critical review and analysis

Analysis of the Benefits of SAP S/4 HANA Cloud IT/Is Investment in the Case of PT XYZ

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