ESG compliance as a dominant of digital transformation in accounting and financial control: from strategic goals to cost minimization

Abstrakt

In the context of digitalization, the growing volume of data requires a transition from traditional accounting and control methods to digital ones. This situation necessitates bridging the digital divide, as traditional financial control methods are becoming too costly and slow for modern business development. The rapid advancement of innovative tools must be synchronized with business process management, which will facilitate the effective use of a business unit’s potential through information for fast and efficient managerial decision-making. The implementation of ESG compliance standards is becoming a key challenge for the modern accounting and financial control system. Under these conditions, digital transformation acts not only as a technological upgrade but as a necessary condition for ensuring non-financial business transparency. A critical aspect remains the minimization of operating costs for implementing control functions through the use of intelligent systems (AI agents), which will reduce the share of administrative expenses in every unit of revenue.