scholarly journals THE NEED OF OUTSOURCING IN THE ACTIVITIES OF AUDITING COMPANIES IN MODERN ECONOMIC CONDITIONS

2021 ◽  
Author(s):  
Oksana Ryabchuk ◽  
Tetiana Batrak
Keyword(s):  
Business Processes ◽  
Negative Consequences ◽  
Highly Qualified ◽  
Global Outsourcing ◽  
Advantages And Disadvantages ◽  
Business Operations ◽  
Novel Technology ◽  
Modern Economic ◽  
Information Confidentiality

The article dwells upon the peculiarities of the use of outsource services in the activities of audit companies. In current economic environment, it is increasingly difficult for audit companies to stay in the audit services market. Competitive environment leads to implantation of new types of services such as outsourcing services. The article is concerned with the essence of the concept of "outsourcing" and variety of its interpretations provided by foreign and domestic scientists and experts. It was revealed practically that outsourcing is the performance of certain functions of business operations by outside service, such as an audit company or an outsourcing freelancer. The aim of outsourcing using and its main types have been specified. The authors of the article have considered the options of outsourcing services for audit companies and their advantages and disadvantages. The specific benefits and negative consequences of using outsourcing services are determined in each case: for each pair of companies and each type of outsourcing. The global outsourcing market has been reviewed and main audit companies, that are the largest providers of outsourcing services, have been identified. In Ukraine, outsourcing is used mainly in the financial, HR, IT and legal sectors. However, one of the most popular sector is accounting outsourcing services. Accounting outsourcing includes services for restoration and maintenance of financial and tax records, tax optimization, compilation report. The business losses due to the COVID-19 pandemic have been assessed from the perspective of outsourcing services using. It is revealed that in terms of the coronavirus pandemic the lifeline for entrepreneurs was outsourcing of non-core functions and business processes, and that allows staying afloat, keeping profits and fully focusing the company's core business. In terms of the coronavirus pandemic, only those companies that operate in the most efficient way, reducing operating costs while maintaining the high quality of their products and services, survive and succeed. The author is convinced that outsourcing is a novel technology of managing companies’ resources in various fields, including audit activities. The advantages that encourage entrepreneurs to use outsourcing services provided by audit companies are liability for violating the rights and obligations of the parties regarding the information confidentiality, and the fact that audit companies employ highly qualified specialists.

scholarly journals Formation of a System of Management Indicators Electronic Business in the Conditions of Modern Economic Conjuncture

2021 ◽  
pp. 234-237
Author(s):  
K. Pavlov ◽  
◽  
S. Ilyin ◽  
Keyword(s):  
Mathematical Analysis ◽  
Business Processes ◽  
Economic Conditions ◽  
Electronic Business ◽  
Reliable System ◽  
Management Indicators ◽  
Financial Benefits ◽  
Modern Economic ◽  
Commercial Organizations

The article presents the author's formalized approach to the formation and evaluation of the system of indicators for conducting electronic business in static and dynamic states, contributing to the detailed disclosure of the interaction of factor and resultant parameters by which organizations will be able to justify the decisions taken by entrepreneurs in modern economic conditions to ensure the best final and intermediate benchmarks for themselves. The purpose of the study is aimed at creating a reliable system that integrates general and private indicators of e-business for the subsequent balancing of results, costs and extraction of marginal financial benefits. The objectives of the study are focused on annotating the activities of organizations that operate and implement business processes in the current economic environment, as well as integrating indicators based on it that reflect static and dynamic cause-and-effect relationships in the field of commerce. The methods for performing the research were chain substitutions supplemented with mathematical analysis, which will allow organizations to obtain complete and reliable information about the quality of e-business. The work is intended for managers and specialists of commercial organizations, educators and scientists engaged in the study of the economics of entrepreneurship.

scholarly journals Strategies for socially responsible recruitment at Ukrainian enterprises under European integration

2019 ◽  
Vol 17 (1) ◽  
pp. 15-22 ◽  
Author(s):  
Kseniya Kotlyarevskaya
Keyword(s):  
Social Responsibility ◽  
Human Resources ◽  
Economic Crisis ◽  
Business Processes ◽  
Highly Qualified ◽  
Socially Responsible ◽  
Qualified Personnel ◽  
The Social ◽  
A Company

The current situation at Ukrainian enterprises is characterized by fail to meet the requirements of socially responsible nature, which is one of the economic crisis factors (lack of trust between employer and employees, transparency in conducting business processes and low level of responsibility resulted in economic disequilibrium). Therefore, a company must apply the social responsibility principles in strategic planning. The success of any enterprise depends largely on the quality and quantity of human resources. A significant competitive advantage that the company has over its competitors is the quality of talented and qualified professionals, which the company was able to attract to work. In order for recruitment to be more effective, it is necessary to apply methods of evaluating candidates that will allow to give a comprehensive conclusion about the quality and compliance with the requirements for an employee in a particular position. The issue of hiring highly qualified personnel is more relevant than ever before in Ukraine, especially in the conditions of developing social responsibility of business. The article deals with the social responsibility of enterprises, the features of socially responsible hiring of personnel and the expediency of its practical use. The main elements of socially responsible recruitment of personnel are analyzed, social responsibility directions are developed in personnel management, and elements for developing the strategy for socially responsible hiring are proposed.

Digital Era and New Methods for Employee Recruitment

2022 ◽  
pp. 1908-1926
Author(s):  
Elif Baykal
Keyword(s):  
Human Resources ◽  
Change Process ◽  
Business Processes ◽  
Human Resources Management ◽  
Business Environment ◽  
Resources Management ◽  
Employee Recruitment ◽  
Advantages And Disadvantages ◽  
Digital Era

The ever-increasing digitalization in today's business processes—and incredibly fast-growing markets—have created a more competitive business environment. And, this more competitive business environment has led companies to be more demanding regarding the employee qualifications as well as the quality of tasks carried out by these employees. Moreover, this change process has rendered the traditional human resources management methods inadequate, further digitizing the field of human resources. In this study, the authors examine the handling of recruitment functions within human resources management and the digitization process. Furthermore, they discuss both the basic dynamics of the e-recruitment processes, the tools of e-recruitment, as well as its advantages and disadvantages.

scholarly journals Digitalization of the insurance business: Systematization of net effects through the example of Russia

2021 ◽  
Vol 12 (1) ◽  
pp. 32-42
Author(s):  
Gulnara Kaigorodova ◽  
Alfiya Mustafina ◽  
Guzel Pyrkova ◽  
Mariola Grzebyk ◽  
Larisa Belinskaja
Keyword(s):  
Customer Service ◽  
Business Processes ◽  
Banking Sector ◽  
Insurance Industry ◽  
Ethical Problems ◽  
Insurance Sector ◽  
Market Participants ◽  
Business Operations ◽  
Qualified Personnel

The pace of digitalization of the insurance industry lags behind similar processes in the banking sector. The main tasks that a Russian insurer solves when using IT technologies are the automation of business operations and the formation of an online system of interaction with customers with the main focus on sales.The purpose of this study is to systematize the effects achieved by insurance market participants when introducing IT technologies and identify incentives to accelerate the insurance sector digitalization. The goal of digitalization of Russian insurers should be the formation of a client interface with a full cycle of services; the transfer to a qualitatively new level of business processes while ensuring the required level of protection; formation of fundamentally new and timely renewal of the existing insurance products. The priority areas of IT technologies used by Russian insurers are identified: cloud computing, chat bots, and information resources that provide online interaction with customers. Factors that have a stimulating effect on the digitalization of the insurance sector are identified: cost reduction, acceleration of business processes, improvement of the quality of customer service and increased competitiveness. The problems and risks of insurers that restrain the use of IT technologies are formulated: high costs of digitalization, lack of qualified personnel, cyber risks, moral and ethical problems.

scholarly journals Outsourcing - The Real Way To Reduce Costs

2021 ◽  
Vol 104 (1-2) ◽  
pp. 181-189
Author(s):  
Tatia Ghurtskaia Tatia Ghurtskaia ◽  
Guram Samkharadze Guram Samkharadze ◽  
Karlo Gurtskaia Karlo Gurtskaia
Keyword(s):  
Information Technology ◽  
Technology Transfer ◽  
Research And Development ◽  
Business Processes ◽  
Development Work ◽  
The Real ◽  
Core Business ◽  
Advantages And Disadvantages ◽  
Innovation Processes

Outsourcing allows companies to reduce costs, which contributes to the growth of their competitiveness. Simply outsourcing is the transfer of production or business processes from one company to another that is an expert in this field. This process has both advantages and disadvantages. Outsourcing allows companies to focus on their core business, while performing non-core operations can be entrusted to outsourcers who are professionals in this field. Globalization has led to an increase in the quality of outsourcing. Outsourcing plays an important role in the development of information technology, as large Western companies in the field of information technology transfer their research and development work to countries such as China, India and Brazil. Without outsourcing, the creative minds of these countries will not be able to participate in innovation processes and development. Consequently, by promoting the development and growth of information technology, outsourcing has accelerated the process of globalization. Keywords: outsourcing, costs, costly activities, transportation-logistics operations.

Digital Era and New Methods for Employee Recruitment

2020 ◽  
pp. 412-430
Author(s):  
Elif Baykal
Keyword(s):  
Human Resources ◽  
Change Process ◽  
Business Processes ◽  
Human Resources Management ◽  
Business Environment ◽  
Resources Management ◽  
Employee Recruitment ◽  
Advantages And Disadvantages ◽  
Digital Era

The ever-increasing digitalization in today's business processes—and incredibly fast-growing markets—have created a more competitive business environment. And, this more competitive business environment has led companies to be more demanding regarding the employee qualifications as well as the quality of tasks carried out by these employees. Moreover, this change process has rendered the traditional human resources management methods inadequate, further digitizing the field of human resources. In this study, the authors examine the handling of recruitment functions within human resources management and the digitization process. Furthermore, they discuss both the basic dynamics of the e-recruitment processes, the tools of e-recruitment, as well as its advantages and disadvantages.

scholarly journals Two sides of the contemporary system of quasi-legislative acts of the Commission of the European Union

2021 ◽  
pp. 62-68
Author(s):  
P. V. Otenko
Keyword(s):  
Decision Making ◽  
Scientific Article ◽  
Decision Making Process ◽  
Legal Analysis ◽  
The European Union ◽  
Negative Consequences ◽  
Advantages And Disadvantages ◽  
Legislative Procedures ◽  
The Eu

The scientific article is devoted to the issue of complex legal analysis of both advantages and disadvantages of the contemporary system of Commission’s quasi-legislative acts which is composed of implementing and delegated acts. Commission’s implementing and delegated acts play a crucial role in the EU, but the abusive application by the EU legislator of the delegation of quasi-legislative powers to the Commission of the EU cause various negative consequences on the EU legal order. The author outlines the following positive sides of Commission’s quasi-legislative acts: acceleration of the EU decision-making process, adding the EU decision-making process flexibility, improvement of the quality of the EU legislative acts and unloading the overall EU legislature’s workload. Taking into account the latest statistics, the author has proved that the process of the adoption of implementing and delegated acts is in four times faster than ordinary and special legislative procedures. It is emphasized that COVID-19 outbreak in 2020 made the EU urgently enact a bunch of legislative acts that were mainly adopted in the form of Commission’s quasi-legislative acts. The author also points out that the quality of the EU’s legislation has been improved as well as EU’s legislator workload has been greatly reduced because of Commission’s implementing and delegated acts. At the same time, the author specifies that the absence of an explicit legal distinction between Commission’s implementing and delegated acts leads to numerous interinstitutional litigations and disputes and undermines the hierarchy of legal acts under the provisions of the Lisbon Treaty. It is established that an excessive application by the Commission of the EU of the quasi-legislative instruments may breach the principle of institutional balance and may lead to the replacement of the sole EU legislator – the European Parliament and the Council. Eventually, the author argues that the lack of transparence and accountability of the Commission of the EU during the process of adoption of implementing and delegated acts deepen the ‘democratic deficit’ problem within the EU.

Legal Barriers to the Development of Digital Distribution Channels in the Activities of Insurance Companies in Poland

2019 ◽  
Vol 2 (99) ◽  
pp. 127-139
Author(s):  
Piotr Wrzesiński
Keyword(s):  
Business Processes ◽  
Distribution Channels ◽  
Insurance Companies ◽  
Insurance Contracts ◽  
Blockchain Technology ◽  
Business Operations ◽  
Distribution Process ◽  
Legal Barriers ◽  
Modern Technologies

The use of modern technologies in business is primarily aimed at simplifying business processes, reducing the costs of business operations as well as improving the quality of services offered to clients. It is also a response to the changing preferences of customers who are increasingly using digital solutions. Technological solutions may in particular be used in the insurance distribution process, which in recent years has become much more demanding, due a number of provisions regulating the distribution of insurance contracts were introduced.  These changes are mainly aimed at ensuring that client makes conscious decisions regarding the conclusion of the contract, due to broad information requirements as well as matching the insurance to the client's needs. The use of mobile applications, Big Data, artificial intelligence or blockchain technology may allow for simplification, acceleration and reduction of costs in the process of distribution of insurance contracts. The article is an attempt to indicate the main possibilities of using technological solutions, both in relation to the requirements for insurance distributors and in relation to the technologies that can be used. Selected barriers were also discussed, which in the author's opinion significantly limit the possibility of development of digital insurance distribution channels.

scholarly journals DIGITALIZATION OF ENTREPRENEURIAL ACTIVITY

2021 ◽  
Keyword(s):  
Corporate Culture ◽  
Business Processes ◽  
New Technologies ◽  
Entrepreneurial Activity ◽  
Necessary Condition ◽  
Successful Implementation ◽  
Highly Qualified ◽  
Economic Relations ◽  
Advantages And Disadvantages ◽  
Business Efficiency

The article considers a number of issues related to the concept of digitalization of entrepreneurial activity, its content, advantages and disadvantages, problems of its perception and implementation in domestic enterprises. The analysis is based on the premise that digitalization, covering all areas of the economy and business, contributes to the establishment of internal and external relations and, ultimately, to increase company productivity and business efficiency. Based on a comparative analysis of the definitions of digitalization, the following interpretation of this term is proposed: “digitalization of entrepreneurship” is a process of business transformation that involves the use of digital technologies to optimize business processes, increase company productivity and improve customer experience. Successful implementation of digitalization requires a proper understanding of these processes by the management of the enterprise. Rapid changes in the external environment in the context of globalization are forcing us to adapt to new digital innovations. Business owners should understand that in order to be competitive in today's environment it is necessary to implement new approaches to doing business and develop new products using digital channels of the enterprise. Digitalization helps to generate new business ideas, increases creativity and innovative approaches to their activities. A component of the digitalization process is to meet the needs of retailers who are constantly changing and interacting with new technologies, seeking to quickly and comfortably meet their own needs. The advantages and disadvantages of digitalization are generalized and grouped. It is noted that the benefits are not guaranteed, and in case of failure may not appear. The key role is played by the qualification of staff: the availability of highly qualified personnel is a necessary condition for successful digitalization, so the appropriate staffing is one of the difficulties faced by the company in the implementation of digitalization processes. Digitalization of entrepreneurship is an innovative creative process, so there can be no standard instructions for its implementation. However, it can be argued that the key to its successful implementation is corporate culture and innovation in activities at all levels of the enterprise in order to implement operational changes. The digitalization of the enterprise will promote the development of new types of business activities, the formation of a new quality of economic relations, the disclosure of intellectual and creative potential of all employees. This is especially important to increase the competitiveness of the enterprise.

Can trust become a factor of economic growth? Dynamic changes in the level of trust of Russian youth

2020 ◽  
pp. 92-107 ◽  
Author(s):  
A. I. Bakhtigaraeva ◽  
A. A. Stavinskaya
Keyword(s):  
Institutional Environment ◽  
Negative Effects ◽  
Dynamic Changes ◽  
Generalized Trust ◽  
Level Of Education ◽  
Advantages And Disadvantages ◽  
The Future ◽  
Analysis Of Dynamics

The article considers the role of trust in the economy, the mechanisms of its accumulation and the possibility of using it as one of the growth factors in the future. The advantages and disadvantages of measuring the level of generalized trust using two alternative questions — about trusting people in general and trusting strangers — are analyzed. The results of the analysis of dynamics of the level of generalized trust among Russian youth, obtained within the study of the Institute for National Projects in 10 regions of Russia, are presented. It is shown that there are no significant changes in trust in people in general during the study at university. At the same time, the level of trust in strangers falls, which can negatively affect the level of trust in the country as a whole, and as a result have negative effects on the development of the economy in the future. Possible causes of the observed trends and the role of universities are discussed. Also the question about the connection between the level of education and generalized trust in countries with different quality of the institutional environment is raised.

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