Financial Ledger Digitization Model for High-Volume Cash Management and Disbursement Operations

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@article{1711039,
      author = {Oladipupo Fasawe, Oyenmwen Umoren, Opeyemi Morenike Filani},
      title = {Financial Ledger Digitization Model for High-Volume Cash Management and Disbursement Operations},
      journal = {Iconic Research And Engineering Journals},
      year = {2019},
      volume = {3},
      number = {2},
      pages = {836-851},
      issn = {2456-8880},
      url = {https://www.irejournals.com/formatedpaper/1711039.pdf},
      abstract = {The increasing complexity and velocity of financial transactions in large organizations has created pressing demand for more efficient, transparent, and secure systems for managing high-volume cash operations. Traditional ledger systems, often characterized by manual reconciliation, fragmented record-keeping, and delayed visibility, struggle to meet the real-time demands of modern cash disbursement processes. This review paper explores the concept of a Financial Ledger Digitization Model (FLDM) as an innovative framework for improving efficiency, auditability, and scalability in high-volume cash management. The study synthesizes literature on digital ledger technologies, automation tools, blockchain integration, and enterprise resource planning (ERP) systems, highlighting how these can be adapted into a unified model for digitized financial operations. The paper further evaluates implementation challenges, including regulatory compliance, cybersecurity risks, interoperability gaps, and change management requirements. Case studies of leading organizations adopting digital ledger solutions are analyzed to identify best practices, measurable outcomes, and potential pitfalls. By providing a comprehensive review of both technological enablers and organizational drivers, this paper contributes to advancing discourse on digital transformation in financial management and offers a practical roadmap for institutions seeking to optimize disbursement workflows, enhance accountability, and strengthen resilience against financial fraud.},
      keywords = {Financial Ledger Digitization, Cash Management, Disbursement Operations, Blockchain in Finance, Digital Transformation, Financial Transparency.},
      month = {August},
  }