Transformation of budget management systems in the digital economy

Abstract

This article is an excerpt from a study within the framework of the student startup competition held by the Innovation Promotion Foundation as part of the federal project “University Technological Entrepreneurship Platform”. The main idea of the project is to develop a budgeting methodology based on modern software that allows managers to quickly receive information for decision-making. The authors propose to designate the proposed system as “intelligent budgeting” (Intelligent Budgeting). The methodological basis of the proposed system is modern concepts in the field of budget management based on artificial intelligence technologies and neural networks. The main principles of the proposed system: the creation of a system of values and the exchange of experience, open access to information, according to the concept of Data Lake, the transformation of centralized functional departments into a network of interconnected teams, the absence of a vertical hierarchy, instead an ordered decentralized structure, no competition between functional teams, instead a network relationships, exchange of knowledge, information, stimulation and encouragement of initiatives, controlling business processes based on deviations in financial results and KPI teams, rolling planning from scratch based on the market volume and production program, human interaction and artificial intelligence.