Can artificial intelligence save companies from bankruptcy?
Marta Sagalá, senior associate of Restructuring at RocaJunyent, explains in this article published in the newspaper Expansión, how with the end of the accounting moratorium on the 15th December 2024, many companies are facing an uncertain financial outlook. This moratorium, introduced by Law 3/2020 and extended by Royal Decree 20/2022, allowed companies to disregard losses from 2020 and 2021 until the end of 2024. However, as of 1 January 2025, these losses will have to be computed together with those of 2022, 2023 and 2024, which could lead to a significant increase in the number of insolvency proceedings.
In this context, artificial intelligence (AI) is emerging as an essential tool to help companies maintain financial stability. Advances in AI, especially in areas such as machine learning and virtual assistants, allow machines to perform tasks that would normally require human intelligence. This includes everything from optimising inventory and cost management, to forecasting revenue and expense fluctuations, to automating debt payments.
AI not only enhances traditional methods of financial analysis, but also offers new options to prevent risks and detect financial problems more quickly. For example, AI algorithms can assess customer and supplier credit risk accurately and quickly, assigning risk scores and recommending specific actions to mitigate potential defaults.
In short, artificial intelligence is a powerful ally for companies seeking to anticipate problems and adopt strategies in time, making their operations more viable and avoiding bankruptcies. AI is here to stay, and now companies have in their hands the opportunity to adapt to this new reality to ensure their long-term viability.
Access to the complete article (vailable in Spanish)
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