Digitalization of Corporate Financial Management

Abstract

The article reveals the methodological aspects and key issues of financial management development in the digital economy. Digital financial management in corporate management system brings economic activity to a new effective level. Digitalization system allows corporate employees to perform their functions remotely. In this case the work process does not affect the quality of work and the results achieved. Digitalization also allows for financial oversight of the corporation’s financial resources, for example, as part of tools to improve the effectiveness of internal controls or the “e-Budget” financial management system. Numerous works of Russian and foreign scientists confirm the increasing effect of modern technologies and digitalization processes on the financial management of companies. This effect is referred to as synergistic. The purpose of this article was to study the positive and negative effects on financial management of the digital economy. Theoretical and methodological basis of research were the works of both Russian and foreign specialists in the field of management and administrative activities, as well as periodicals of leading academic economists. The main methods of research were the method of theoretical system analysis, monographic (descriptive) method.