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DOI: 10.15862/15FAOR325 (https://doi.org/10.15862/15FAOR325)

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Verkholetova M.O. Digital transformation of financial management as a factor in improving corporate economic performance. Russian journal of resources, conservation and recycling. 2025; 12(s3). Available at: https://resources.today/PDF/15FAOR325.pdf (in Russian). DOI: 10.15862/15FAOR325

Digital transformation of financial management as a factor in improving corporate economic performance

Verkholetova Maria Olegovna
Financial University under the Government of the Russian Federation, Moscow, Russia
E-mail: verkholetovast@mail.ru

Abstract. The transformation of data into a key management resource shifts the focus of corporate finance functions from reporting to predictive performance management, which requires a scientific understanding of the relationship between the digital transformation of financial management and business economic performance. This paper aims to identify areas in which the digital transformation of financial management translates into improved corporate economic performance. The subject of this paper is changes in planning, forecasting, risk management, and controlling tools, driven by artificial intelligence, distributed ledger technologies, and big data analytics. The evolution of financial management concepts from the accounting and control model to a data-driven value creation model is traced, and the areas of financial function transformation are systematized, delineating their contribution to economic efficiency. Empirical support is provided by the results of surveys of financial directors conducted by McKinsey and Deloitte, assessments of the economic impact of artificial intelligence in advanced industries, and data on the priorities of digitalization in the financial sector. It is substantiated that increased efficiency is achieved not by a single technology, but by restructuring the architecture of financial processes, in which the automation of routine operations frees up resources for analytical work, and predictive models shorten the management response cycle. The author proposes a systematization of the areas of digital transformation in financial management, differentiating effects along the lines of cost reduction, process acceleration, and improved decision quality. The practical significance lies in the applicability of this systematization to corporate finance departments when sequencing the digitalization of the financial function and when assessing the return on corresponding investments.

Keywords: digital transformation; financial management; corporate economic efficiency; artificial intelligence; financial director; distributed ledgers; cash flow forecasting; controlling; big data; industry economics

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