DIGITAL SOLUTIONS AND BUSINESS INTELLIGENCE TOOLS IN FINANCIAL MANAGEMENT BUSINESS PROCESSES

Abstract

The research conducted in the work is devoted to topical issues regarding the features of digitalization of business processes of financial management in modern conditions of functioning of business entities. The input and output information flows, executors and management influences for financial management tasks are determined based on the developed model in IDEF0 notation. The activity of using digital technologies based on cloud services in the work of Ukrainian enterprises over the past 5 years is analyzed. Digital products used in the financial sector are identified for performing accounting and analytical operations on primary financial and economic information arrays, both desktop and cloud-based. The main properties of the requirements for digital products in the financial sector have been identified. The components of a document reflecting the specification of requirements for the designed digital product in the financial sector has been determined. The structure and content of the sections of the requirements specification have been characterized, including: Introduction, Overall Description, Functional requirements, System Features, Interface Requirements, Other Nonfunctional Requirements, Other Requirements, Appendices. It is noted that the formation of functional requirements for analytical tasks of financial management begins with the creation of a description of the subject area using UML (Unified Modeling Language) tools, namely, use case diagrams and sequence diagrams. It is noted that crisis phenomena and negative trends in the levels of indicators of financial and economic activity and financial condition can be identified in the process of building analytics based on financial data with the participation of Business Intelligence tools and digital technologies that implement them. The properties of Business Intelligence tools and modern BI platforms that can be used in the course of implementing the duties of financial managers are analyzed based on the results of Gartner research. Among which, the capabilities of the most rated products – Strategy One, ThoughtSpot Analytics, Qlik Sense, Looker, Domo, Tableau and Microsoft Power BI – were analyzed.