EVOLUTION OF CORPORATE FINANCIAL CONTROL METHODS AND TOOLS IN DIGITAL TRANSFORMATION
Back to articles of current journal| PDF: |  |
Author(s): | Akolzina E. V., Glinskaya O. S., |
| Number of journal: | 1(70) | Date: | March 2025 |
| Annotation: | The article examines the evolution of corporate financial control methods and tools in the context of digital transformation. The significance of this research is underscored by the emergent opportunities and risks associated with digital transformation within the domain of financial control, as well as the imperative for a theoretical examination of the changes underway. The scientific novelty of this research resides in the systematic organization of approaches to the transformation of financial control tools. The primary objective of this study is to elucidate the emerging trends and promising avenues for the transformation of methods and instruments of corporate finan- cial control within the framework of digital transformation. The methodological foundation of this investigation is grounded in an array of complementary methodologies. The research analyzes the transformation of traditional approaches to financial control, identifies key stages in their development, and systematizes mod- ern digital tools used in corporate practice. Special attention is paid to the paradigm shift in financial control: from a reactive model to proactive management based on predictive analytics. The study explores the relationships between financial control, controlling, and management accounting in the digital environ- ment. The main trends in the development of digital financial con- trol tools are identified, including artificial intelligence systems, blockchain technologies, and cloud solutions. Promising direc- tions for improving financial control methods in the context of digitalization are determined. The research results have practical significance for optimizing corporate financial control systems in modern companies and can be used in forming a strategy for digital transformation of financial functions. | ||
| Keywords: | corporate financial control, digital transforma- tion, financial controlling, internal audit, business analytics, digital technologies in finance, budgetless management, sus- tainable corporate governance, internal control systems, finan- cial monitoring, management accounting, self-control |
||
| For citation: | Glinskaya O. S., Akolzina E. V. Evolution of corporate financial control methods and tools in digital transformation. Biznes. Obrazovanie. Pravo = Business. Education. Law. 2025;1(70):129—136. DOI: 10.25683/VOLBI.2025.70.1241. |
||