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Aim. The presented study aims to provide a theoretical interpretation of digitalization processes from the perspective of analyzing changes in the socio-economic system in the context of the increasing influence of digital technologies on the economy and society; to formulate conclusions and proposals for the effective use of modern methods, approaches, and tools to ensure national economic growth.Tasks. The authors analyze the processes of the digitalization of the economy in historical retrospect; consider the scientific views of representatives of various concepts of the digital economy as a phenomenon of an economy based on the active use of information, communication, and other advanced technologies in the production of economic goods; identify factors influencing the economic system of digital information transformation processes in society and the associated socio-political risks and challenges; show the impact of digital technologies on economic growth.Methods. This study uses the historical and abstract logical method, complex functional analysis, systems approach, comparison, and expert assessment.Results. The authors substantiate the conclusion that it is necessary and expedient to make allowance for the historical experience and socio-cultural identity of the country to ensure the progressive development and security of the national economy focused on technological modernization; provide recommendations on overcoming the contradictions identified during the analysis and reducing socio-economic risks.Conclusion. A retrospective analysis shows that along with the existing historical continuity of the stages of the digitalization of the economy, there is a gradual displacement of analog technologies by their digital substitutes and the emergence of new forms of business based on digital technologies.

This article addresses issues related to the digitalization impact on the enterprises financial management process, in particular, such a stage of management as corporate financial control. The analysis of the dynamics of the information society development factors included in the "Monitoring of the Information Society Development in the Russian Federation" is presented and it is determined that the Russian business sector does not fully meet the expectations associated with the formation of a new economy of an innovative type and many modern technologies have not been adequately distributed among enterprises. The key factors of the corporate financial control effectiveness are considered and the need to take into account the influence of specific factors related to the business digital transformation on this process is determined. In particular, the necessity of investing in digital assets is disclosed, as they are able to create additional competitive advantages and, as a result, create a positive financial effect and affect the stability, efficiency and competitiveness of enterprises. In addition, due to the tendency to transform new business models in the direction of increasing customer centricity, the factor of human capital and its development level comes to the fore in corporate governance. It is ensuring an acceptable level of development of human capital and the enterprise innovative potential in the context of the knowledge economy formation in the Russian Federation that can give an incentive to development and quality improvement of corporate governance and, as a result, the enterprise effectiveness. The company management should improve the corporate financial control organization in the direction of increasing flexibility and reducing the inertia of the reaction to control influences.

The presented study examines the effects of financial and economic factors on the competitiveness of enterprises, with a particular focus on the impact of the price factor. It analyzes the major parameters of cost engineering as a type of consulting services and assesses the practicability of its implementation in the activity of enterprises to create additional competitive advantages.Aim. The study aims to determine the effects of cost engineering on the competitiveness of economic entities and its correlation with competitiveness factors.Tasks. The authors define cost engineering and the specific features of this type of consulting services, determine the impact of the price factor on the competitiveness of enterprises, and substantiate the potential for using cost engineering in the implementation of projects as a way of enhancing competitiveness.Methods. This study is based on the systems approach as well as logical, comparative, factorial, and structural analysis using the theoretical framework of analysis of economic processes.Results. The study proposes using cost engineering as a fundamental link in the integration of planning, funding, and pricing processes at the enterprise level. The practicability of using this particular type of consulting services is further substantiated by the direct correlation between cost engineering and competitiveness factors.Conclusions. Application of cost engineering at the modern stage of development of the national economy can have a positive effect on the competitiveness of economic entities, while also creating and developing their additional competitive advantages.