Digitalization of controlling: modern solutions for effective enterprise management

Chernova Victoria
PhD (Economics), Senior Lecturer at the Department of Enterprise Economics and Business Organisation, Odesa National Economic University, Odesa, Ukraine, E-mail: chernova@odeskabel.com, ORCID: https://orcid.org//0000-0001-7142-8029

Ter Velde
Rene, applicant for higher education at Master's level with a major in 076 «Entrepreneurship and Trade», Odesa National Economic University, Odesa, Ukraine, E-mail: renetervelde2002@gmail.com, ORCID: https://orcid.org//0009-0006-9349-2033

Cite this article:

Chernova V., Ter V. (2024) Digitalization of controlling: modern solutions for effective enterprise management. Ed.: V.V. Kovalenko (ed.-in-ch.) and others [Didzhytalizacija kontrolingu: suchasni rishennja dlja efektyvnogo upravlinnja pidpryjemstvom; za red.: V.V. Kovalenko (gol. red.)], Scientific Bulletin of the Odesa National Economic University (ISSN 2313-4569), Odesa National Economics University, Odesa, No. 12 (325), pp.108-114.

Abstract

The purpose of the article is to study the development of digitalisation and to identify possible digital tools for use in the process of controlling enterprises, and to provide recommendations for the effective integration of controlling into business processes using modern digital technologies. The research methodology includes an analysis of existing scientific publications and practical cases, comparative analysis, generalisation, methods of analysis and synthesis. The article considers approaches to the definition of the concept of ‘controlling’, forms the author's own approach to the definition, and indicates the main role of controlling in an enterprise. The main trends in digital controlling that have emerged to date, such as data analytics, artificial intelligence, blockchain technologies, and the Internet of Things, are investigated. The digital tools used by enterprises to automate controlling functions are presented, and these tools are summarised in a table with their main advantages and disadvantages. The article also identifies the advantages and disadvantages of digitalisation in the controlling system faced by enterprises when implementing digital tools in the controlling system, which made it possible to determine that despite the significant advantages, there are many challenges that create difficulties for enterprises. Recommendations for the effective integration of digitalisation into controlling are provided, in order to increase its efficiency and improve processes into more transparent and predictable ones. The practical significance of the article lies in the fact that the results of the study can be used for further research in this area, as well as by enterprises to improve controlling processes through the introduction of digital technologies. In addition, the results of the study can become the basis for developing digital transformation strategies in organisations.

Keywords

controlling, digitalisation, digitalisation, digitalisation of management, digital tools.

JEL classification: M110; L300; L860; DOI: https://doi.org/10.32680/2409-9260-2024-12-325-108-114

UD classification: 005.935:004.738.5

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