Financial management as an area is witnessing a colossal and continuous focus on digitization and the adoption of new and emerging technologies to bring in operational efficiencies, enhance superior customer experiences.
The next trend in financial management is Digital finance and Digital Money (DFDM). DFDM encompasses a plethora of new financial products, financial businesses, finance related software, and new forms of customer communication and interaction all of this delivered by FinTech companies and innovative financial service providers.

McKinsey has identified four digital technologies that are re-shaping the finance management which are: Automation and robotics, which helps in improving processes; Data visualization, which gives end users real-time easy to understand financial information; basic analytics, which helps in efficient decision support; and advanced analytics, which can help business to uncover hidden shareholder value and growth opportunities.

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