Introducing ERP System as a Condition of Information Security and Accounting System Transformation

Abstract

Despite the level of the information technology spread in Ukraine being lower than in other countries ERP systems are introduced both on the levels of commercial and government organizations. Although there is an adaptation to the national and language features of different countries in ERP systems, their introduction into Ukrainian markets relates to a range of difficulties. Information safety issues and the issues of changes in management accounts and business accounting that appear when introducing ERP system are the main difficulties for Ukrainian enterprises. The research of information security considers such main aspects as the network security, the data base (DB) security, the security on the level of application server and the information security on the client’s computer. The determination of the main principles of the information security and the suggestion of the stages of building the ERP security control subsystem aim at preventing deliberate or accidental information leak. Features of Ukrainian legislation, differences of Ukrainian business accounting standards from the international ones and the management features should be considered when introducing ERP system. The company executives, in their turn, should understand the urgent need in introducing information technologies, realize that the information system is a management system and not only the system of accounting and should meet the requirements and standards of ERP management.

ESG-driven approach to managing insurance companies’ sustainable development

“…The minimum value of ESG Risk is observed in one of insurance companies from China/Taiwan (12.7), France (13.1) and the Netherlands (14.7). The maximum value of ESG Risk is observed in one of insurance companies from the United States (34,5) countries is -0.6244, that is, there is a close inverse relationship between the indicators. The correlation field is shown in Fig.…”

“…Increasing the complexity of internal and external processes, individualizing the needs and expectations of customers, reducing the life cycle of products and services and increasing the importance of intangible assets in creating competitive advantages of insurance companies require changes in management approaches and development priorities (Gasiorkiewicz, 2020). The analysis shows that the impact of financial and economic factors is considerable as indicated by a significant number of studies on financial security (Khovrak & Petchenko, 2015), profitability and financial stability (Kulustayeva et al, 2020), financial risks and sustainability (Tsvetkova et al, 2019), risks in the field of management and accounting (Trunina et al, 2018). At the same time, environmental, social and managerial factors are beginning to play a significant role.…”

Management of changes in companies of the agro-industrial complex: implementation of high technologies

“…-in connection with the resource allocation, not in accordance with strategic objectives, but according to the subjective opinions of the enterprise management, the main task of the employees is to fight for financial resources, and not to achieve the goals set [7].…”

Creation of the corporate information system based on knowledge economy

“…Japanese scientist I. Nonaka determined that the creation of knowledge depends on the use of language and communications. Based on this, 2 types of knowledge are distinguished: explicit (easily expressed through words, numbers, formulas) and implicit (hidden, not expressed and hard to explain), according to which there is a knowledge transformation system consisting of four models: socialization, embodiment, combination and internalization [5]. Socialization is the process of sharing experience without using language, for example, insight, faith, understanding and intuition.…”