Automation of accounting and control processes as a driver of transparency and effective governance

Abstract

The article explores the significance of automating budget accounting and control as a tool to enhance transparency and efficiency in public financial management. Emphasis is placed on modern technologies such as ERP systems, blockchain, artificial intelligence, and cloud computing, which are increasingly being implemented in public institutions to ensure greater openness and responsiveness in financial processes. The paper analyzes the experience of using automated systems in Ukraine and abroad, identifying key challenges faced by government bodies in implementing these tools (e.g., insufficient digital infrastructure and lack of qualified personnel). Special attention is given to the prospects of digital solutions in the public sector, particularly in improving financial control, ensuring transparency, and strengthening public trust in government finances.

The aim of the article is to examine the opportunities and challenges associated with the implementation of modern digital technologies (ERP systems, blockchain, artificial intelligence, and cloud solutions) in the budget accounting and control system within the public sector, particularly in Ukraine, with the goal of enhancing transparency, efficiency, accountability, and security in financial management.

The study employed various scientific research methods that enabled a comprehensive examination of the digitalization of budget accounting and control in the public sector, including: analysis of scholarly sources, regulatory acts, and digital technology implementation practices in different countries; synthesis of gathered information to form a generalized picture of the effectiveness of digital solutions; comparison of international and domestic experiences to identify advantages, shortcomings, and potential opportunities; induction to derive general conclusions from specific examples of IT applications in budget accounting; a systems approach to explore the interconnections between technological, organizational, and regulatory aspects of digitalization; as well as empirical descriptive analysis to assess the practical impact of innovative technologies on financial management systems.

The scientific novelty of the study lies in the substantiation of a comprehensive approach to the digitalization of budget accounting and control in the public sector, considering current technological trends such as ERP systems, blockchain, artificial intelligence, and cloud solutions. The study proposes a classification of digital technologies based on their functional capabilities, benefits, and implementation challenges, and identifies the potential of digital tools to enhance transparency, efficiency, and accountability in the management of public finances.

Research results. The study analyzed the potential for implementing digital technologies (ERP systems, blockchain, artificial intelligence, and cloud solutions) into the system of budget accounting and control in the public sector. It was found that these tools contribute to the automation of financial processes, improved accuracy in accounting, transparency of public expenditures, and reduced corruption risks.