Keywords
analytical platforms
blockchain
artificial intelligence
information data
How to Cite
Abstract
In the modern business environment, ensuring financial transparency and reliability of reporting is becoming an important prerequisite for trust from investors, partners and regulatory authorities. Traditional methods of financial reporting do not always meet the requirements of the time, as they are laborious, have a high risk of errors and are not effective enough for working with large volumes of data. Information technologies offer new tools that allow solving these problems, however, their integration into business processes is associated with a number of challenges that require detailed study. The purpose of the article is to study the role of information technologies in ensuring financial transparency and improving business reporting, as well as to develop recommendations for their effective implementation. The study uses methods of analyzing scientific sources, comparative analysis of successful practices of implementing information technologies in the financial sphere, as well as systematization of the identified results. The analysis showed that the implementation of IT solutions such as automated accounting systems, blockchain technologies and artificial intelligence helps reduce errors in financial reporting, increases the speed and accuracy of data processing, and creates the prerequisites for more transparent business processes. However, the main obstacles to their implementation remain significant financial costs, the complexity of adapting to the specifics of companies and the insufficient level of personnel training. Information technologies have significant potential for improving the financial transparency of businesses, but their effective implementation requires taking into account technical, organizational and economic factors. Further research should be aimed at finding solutions that will allow adapting modern technologies to the needs of small and medium-sized businesses, as well as ensuring the long-term effectiveness of their use.
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