WAYS TO IMPROVE THE EFFECTIVENESS OF FACTORS INFLUENCING THE DIGITALIZATION OF FINANCIAL CONTROL

Abstract

This article explores the key factors influencing the digitalization of financial control and analyzes strategies to improve their effectiveness. In the context of rapid digital transformation, financial control systems are increasingly dependent on technological, institutional, and human resource-related factors. The study identifies major determinants such as digital infrastructure development, legal and regulatory frameworks, cybersecurity systems, and the level of professional competence among financial control specialists. It also examines how these factors interact to shape the overall efficiency of financial monitoring systems. Furthermore, the article proposes practical ways to enhance the effectiveness of these factors, including strengthening digital infrastructure, improving interagency data integration, expanding professional training programs, and implementing advanced cybersecurity measures. The findings suggest that optimizing these factors significantly contributes to increasing transparency, accountability, and efficiency in public financial management systems