DIGITAL COMPANY PROFILE AS A NEW CONCEPT FOR MODERN CORPORATE REPORTING

The discussion about the necessity to develop a conceptual model of the modern business information environment and create effective mechanisms for integration into a single information space has been ongoing in the scientific and professional community for a number of decades. In the context of digitalization of all processes of the economic, social and political structure of society and the strengthening of the role of the communication function itself, the implementation of the national program “Data Economy”, the issues of ensuring a high-quality information environment for business are reaching the level of possibilities for their solution. The purpose of the work is to develop conceptual provisions for the formation of a digital profile and the corresponding on-line infrastructure of the information ecosystem of economic entities in order to create a single integrated platform for strategic and systemically important organizations in Russia, which will ensure transparency in assessing their contribution to achieving national goals of socio-economic development. The research methodology was based on the perception of corporate reporting as a unified digital information and analytical platform of economic entities. The object of the study was the modern model of corporate reporting and tools for its digitalization of more than 200 largest companies, examined by the authors in the process of two scientific studies in 2021-2023. The results of studies conducted in various countries in the direction of digitalization of reporting data were also used. The paper draws a conclusion about the prospects for using various digital tools to transform an array of heterogeneous reporting data into the format of a modern digital company profile, systematically aggregating them into an information ecosystem. The following digital tools are highlighted as currently most common in reporting preparation: ERP systems, blockchain and DLT technologies, artificial intelligence, XBRL, BI systems, and the “multidimensional space” method. The main trends in the field of digital transformation of reporting are identified; recommendations are made for improving the corporate reporting model in the format of a company’s digital profile through the effective combination of its constituent elements with specific digital technologies.

corporate reporting, information environment, data, digitalization, XBRL, technology, economic entity, digital profile, ESG, ecosystem

Rozhnova O. V., Safonova I. V. Digital company profile as a new concept for modern corporate reporting. Biznes. Obrazovanie. Pravo = Business. Education. Law. 2024;2(67):101—106. DOI: 10.25683/VOLBI.2024.67.964.