Digitalization of the financial subsystem of industrial enterprise: points of implementation

Bieliaieva, Nataliia; Sova, Olena; Ganushchak, Tetiana; Жук, Олена; Matusova, Olena

doi:10.1051/e3sconf/202125501045

Cited by 8 publications

(4 citation statements)

References 21 publications

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“…While the study of Bieliaieva et al (2021) looks at the main financial techniques that bank adopt to improve their financial performance. The study population consists of commercial banks listed on the Amman Stock Exchange and the Abu Dhabi Stock Exchange, and contains financial information and data from 2012 to 2020.…”

Section: Literature Reviewmentioning

confidence: 99%

RegTech and Accounting of Financial Institutions Under Financial Inclusion: Conceptual Framework Analysis

Dabour

2023

ijafr

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The paper aims to analyze the expected impact of regulatory technology (RegTech) on the development of the accounting of financial institutions under financial inclusion. The nature of the work of financial institutions differs from the nature and laws of work and accounting in other commercial companies. Here comes the role of accounting to accommodate the surrounding variables in business environments and to work on the development of accounting practice in order to reach sound outputs for information users and then rationalize decisions that have an impact on the financial markets. Therefore, the paper concludes that the efforts of the professional and concerned authorities must be combined with regard to the development of accounting standards that are appropriate with the nature and work of financial institutions in order to accommodate the constantly developing technological factors within the sector due to the decrease in professional efforts about accounting in digital financial institutions.

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Section: Literature Reviewmentioning

confidence: 99%

RegTech and Accounting of Financial Institutions Under Financial Inclusion: Conceptual Framework Analysis

Dabour

2023

ijafr

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“…These trends reflect the broader impact of digital transformations on management approaches, incorporating the Internet of Things, artificial intelligence, blockchain, machine learning, Industry 4.0, and Big Data across various societal domains. Digital HRM represents a fundamental component within the overarching framework of sustainable HRM, as the attainment of sustainability goals is inherently intertwined with embracing digitalization [18].…”

Section: Dіgіtal Hrm: Case Studymentioning

confidence: 99%

Impact of artificial intelligence and digital HRM on the resource consumption within sustainable development perspective

et al. 2023

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The paper examines the correlation between artificial intelligence (AI) and digital human resource management (HRM), their impact on sustainable development. It explores the growing importance of sustainable HRM and its integration within business processes. The study investigates how AI and digital HRM contribute to sustainable HRM practices and analyses influencing factors. It has been proven that many companies are wary of AI and digital HRM impact on sustainable HRM, facing integration challenges. The conclusions reveal that AI and digital HRM help addressing social issues spreading in today’s world. Large corporations strive to implement them to achieve sustainable development goals. Strategic HRM focuses on strategy and human resources, while sustainable HRM emphasizes the connection between sustainability and HRM practices. To gain a deeper understanding of digital HRM, a survey on “People’s vulnerability to human trafficking and exploitation in the context of war” was conducted. The findings show AI’s potential to influence societal behaviour, highlighting its importance in shaping sustainable HRM. The practical implications of this research can aid enterprises in stabilizing their resource consumption. Economic growth, social inclusion, and environmental protection are essential interconnected elements for achieving sustainable development and ensuring the wellbeing of individuals and society.

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“…Despite that digital technology will transform most industries, there are several challenges that need to be understood. These include factors such as the pace of changing customer expectations, cultural transformation, outdated regulation, and identifying and accessing the right skills, among others (Bieliaieva N. et al, 2021). Thus, it is necessary to integrate information technologies into enterprises activity in order to deal with the market development and keep all business processes under control (Ming L., 2011).…”

Section: Source: Author's Illustration Based On Tablementioning

confidence: 99%

23rd International Scientific Conference. “Economic Science for Rural Development 2022” No 56 Circular Economy: Climate Change, Environmental Aspect, Cooperation, Supply Chains, Efficiency of Production Process and Competitive of Companies, Integrated and Sustainable Regional Development, New Dimensions in the Development of Society, Rural Development and Entrepreneurship, Sustainable Bioeconomy

2022

Economic Science for Rural Development

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Today, more than 70% of people live in and around cities. Existing urban and regional food systems are unsustainable and society expects and demands change. In order to help prevent and reduce food waste, reduce the environmental impact of food production and food waste, and promote access to healthy food for all, it is essential to design and develop smart, food-oriented food chains. Therefore, the involvement of local entrepreneurs, municipalities and citizens in the development of the food security ecosystem of cities and regions is important. Involvement in local food supply chains allows businesses to increase the added value of their products and make farmers less vulnerable to market risks by reducing the number of intermediaries through diversification and better price control, guaranteeing less asymmetric relationships with customers. Municipalities promote the consumption of quality products through green public procurement of food and thus reduce the risk of obesity and chronic diseases, but in the long run the costs of health care. In Latvia, according to the data of 2019, only 3% of biologically certified farms sold their products through public procurement, incl. purchase of school catering. The aim of this study is to identify barriers and possible solutions for increasing the share of local organic food purchased by mainstream schools. The study finds that the role of local organic food in green public procurement and its impact on territorial development is linked to environmental, social and economic benefits. The main obstacles to participating in GPP tenders and winning the tender were: 1) the quantity and range of products required (division of goods into lots), as well as the purchase prices of organic products; 2) high bureaucratic burden for "small" producers, complex Electronic Procurement System and tender submission criteria; 3 cal organic food is more expensive than imported; 4) limited financial resources; 5) insufficient amount of food produced.There were significant communication gaps between stakeholders regarding GPP, as well as a lack of knowledge about the organic market and how to implement GPP.

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Digitalization of the financial subsystem of industrial enterprise: points of implementation

Cited by 8 publications

References 21 publications

RegTech and Accounting of Financial Institutions Under Financial Inclusion: Conceptual Framework Analysis

RegTech and Accounting of Financial Institutions Under Financial Inclusion: Conceptual Framework Analysis

Impact of artificial intelligence and digital HRM on the resource consumption within sustainable development perspective

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