Devising a pro cedure for organizing support to financial decision-making using digital technologies based on Business Intelligence

Abstract

This study’s object is those business processes in the financial management system of business entities that are related to making substantiated management decisions based on aggregated financial data. The problem addressed is the lack of a comprehensive and formalized approach to the organi zation of decision-making support processes in the financial management system. A procedure that organizes financial decision-making has been devised by using digital tech nologies based on Business Intelligence (BI), which holistically combines business process modeling, the construction of reasoned conclusions, as well as the processing of structured data. The feasibility of using the BPM+ approach was clarified and a procedure for its implementation was devised. Based on the lat ter, the course of analytical business processes in the financial management system was modeled, based on the results of which reasoned conclusions are made and appropriate management decisions and measures could be developed.