Digital transformation of financial reporting in the crisis conditions

this article focuses on the digital transformation of financial reporting in times of crisis. It analyzes the impact of economic shocks and other crises on the need for timely and reliable financial information. The article explores the opportunities and limitations of implementing digital technologies, including robotic process automation, artificial intelligence, blockchain, and cloud computing, to enhance the transparency, speed, and accuracy of financial reporting. It also examines the best practices for digital transformation of financial reporting in crisis management, identifying key success factors and identifying the main obstacles to digitalization. The research results show that digital transformation is an important tool for increasing the sustainability and competitiveness of companies in times of crisis, but its successful implementation requires a comprehensive approach, taking into account the specific characteristics of the company, and a thorough analysis of risks and opportunities.

digital transformation, financial reporting, crisis, robotic automation, artificial intelligence, blockchain, cloud computing, crisis management, financial analysis, innovation