THE IMPACT OF DIGITAL TRANSFORMATIONS ON ENSURING THE FINANCIAL SECURITY OF ENTERPRISES IN THE CONTEXT OF GLOBALIZATION
DOI:
https://doi.org/10.35774/sf2024.04.157Keywords:
inclusion, innovation, digital technologies, digital economy, digital transformation, financial security, financial provision, transformational changeAbstract
Introduction. In the context of globalization and the rapid development of digital technologies, the financial security of enterprises is acquiring new features, dimensions and complexities. Digital transformations, which cover all aspects of economic activity, significantly change approaches to financial management, creating both new opportunities and challenges for ensuring the financial stability and security of enterprises. The use of digital technologies allows enterprises to significantly increase the efficiency of operations, reduce costs, ensure transparency and control over financial flows, but at the same time opens up new risks, such as cyber threats, fraud, or non-compliance with data security requirements.
The purpose of the article is to determine the impact of digital transformations on ensuring the financial security of enterprises in the context of globalization, taking into account innovation and inclusion.
Results. The presented work analyzes the features of transformational changes, defines the essence of financial security in the context of modern globalization and digital transformations. The trends of modern digital transformational changes and their interrelation and impact on the financial security of enterprises were also identified, which made it possible to propose a methodological approach to taking such impact into account.
Conclusions. Globalization and digitalization of the economy require enterprises to constantly adapt to changes in international markets, which also applies to the management of financial resources. Digital transformations provide the opportunity to respond promptly to global financial fluctuations and changes in the legislative field. Therefore, digital transformations play a key role in ensuring the financial security of enterprises in the context of globalization, providing new opportunities for optimizing financial processes and risk management. At the same time, for the effective use of these technologies, enterprises need to implement a comprehensive approach to ensuring the protection of their financial assets and data.
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