Devising a procedure for organizing support to financial decision-making using digital technologies based on business intelligence

Authors

DOI:

https://doi.org/10.15587/1729-4061.2025.340561

Keywords:

financial decisions, financial management, business process modeling, BPMN, DMN, Business Intelligence

Abstract

This study's object is those business processes in the financial management system of business entities that are related to making substantiated management decisions based on aggregated financial data. The problem addressed is the lack of a comprehensive and formalized approach to the organization of decision-making support processes in the financial management system.

A procedure that organizes financial decision-making has been devised by using digital technologies based on Business Intelligence (BI), which holistically combines business process modeling, the construction of reasoned conclusions, as well as the processing of structured data. The feasibility of using the BPM+ approach was clarified and a procedure for its implementation was devised. Based on the latter, the course of analytical business processes in the financial management system was modeled, based on the results of which reasoned conclusions are made and appropriate management decisions and measures could be developed.

Modeling financial management tasks at the analysis stage in BPMN determines the order of implementation of business processes and the areas of responsibility for responsible persons involved in their implementation. Using an example of the process of analyzing the financial stability of the model built, the logic behind obtaining analytical conclusions using the Decision Model and Notation (DMN), which contains the Decision Requirements Diagram (DRD) and the decision table, has been formalized.

Input data for forming a decision is proposed to be prepared in the environment of digital products. Given the relevance of using BI software in analytics, the example of applying MS PowerBI was applied to demonstrate the features of building and transforming an information model of financial data, which is the basis for designing interactive dashboards. The financial indicator monitoring panels constructed provide operational support for decision-making by financial managers

Author Biographies

Svitlana Leliuk, Simon Kuznets Kharkiv National University of Economics

PhD, Associate Professor

Department of Finance and Credit

Marianna Stehnei, Mukachevo State University

Doctor of Economic Sciences, Professor

Department of Economics and Finance

Serhii Tkachenko, State Tax University

PhD, Associate Professor, Head of Department

Department of Customs and Commodity Research

Viktor Neimet, Ferenc Rakoczi II Transcarpathian Hungarian College of Higher Education

Doctor of Philosophy (PhD), Lecturer

Department of Accounting and Auditing

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Devising a procedure for organizing support to financial decision-making using digital technologies based on business intelligence

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Published

2025-10-29

How to Cite

Leliuk, S., Stehnei, M., Tkachenko, S., & Neimet, V. (2025). Devising a procedure for organizing support to financial decision-making using digital technologies based on business intelligence. Eastern-European Journal of Enterprise Technologies, 5(13 (137), 39–49. https://doi.org/10.15587/1729-4061.2025.340561

Issue

Vol. 5 No. 13 (137) (2025): Transfer of technologies: industry, energy, nanotechnology

Section

Transfer of technologies: industry, energy, nanotechnology

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Copyright (c) 2025 Svitlana Leliuk, Marianna Stehnei, Serhii Tkachenko, Viktor Neimet

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