COST MANAGEMENT AS AN ELEMENT OF FINANCIAL CONTROLLING OF AN ENTERPRISE: THE ROLE AND LIMITATIONS OF ERP SYSTEMS USE IN THE CONTEXT OF UKRAINE

Анотація

The growing complexity of business environments and the increasing volume of financial and operational data determine the relevance of improving approaches to enterprise cost management within the framework of financial controlling. In conditions of digital transformation, traditional methods of cost accounting and control are becoming less effective, as they often fail to ensure the required level of integration, flexibility and responsiveness to changes in the external and internal environment. This creates the need to reconsider existing approaches and to explore the potential of modern information systems in supporting cost management processes. ERP systems are increasingly considered as a technological basis for building an integrated information environment that combines financial, operational and analytical functions. Their application opens up new opportunities for structuring data flows, coordinating activities between departments and improving the overall transparency of enterprise management. At the same time, particular attention is paid to the issues of overhead cost management, as these costs significantly influence financial performance but remain difficult to allocate accurately within traditional systems. The discussion focuses on the organization of cost allocation processes in ERP-based environments, including the use of allocation bases, cost drivers and responsibility centers, as well as the formalization of business processes through modeling tools. In this context, the role of financial controlling is considered in terms of ensuring consistency between operational activities and financial outcomes, as well as supporting managerial decision-making. At the same time, the implementation of ERP systems is associated with a number of challenges, especially in the context of Ukraine, where enterprises face issues of digital maturity, system integration and compliance with national accounting and regulatory requirements. Additional attention is given to the impact of emerging digital reporting standards, which increase the importance of structured and reliable data. These aspects determine the need for further research into the development of effective approaches to cost management based on ERP systems.

Класифікація

Ідентифікатори

Схожі роботи