Digitalization of Financial Management of Enterprises in the Context of Sustainable Development

The aim of the article is to provide a comprehensive analysis of the digital transformation of financial management in the context of changing business processes, business models, and organizational management structures to enhance competitiveness, business activity of enterprises, and achieve sustainable development goals. It is specified that digital transformation is complex in nature, and its impact leads to fundamental changes in the ways of conducting business. Modern approaches to understanding the essence of digital transformation and its impact on changes in business models and financial management in enterprises have been analyzed. The main directions of the transformation of business models from traditional linear to platform-based have been discussed, along with the subsequent transition to digital ecosystems. The directions of digital transformation in financial management are presented, particularly: automation of financial management processes, implementation of artificial intelligence, cloud technologies, blockchain technologies, the use of digital platforms, the formation of digital competencies among specialists, and cybersecurity. The positive and negative impacts of digital transformation on enterprise financial management have been determined. The significance and directions of development of key digital tools in financial management, such as business analytics and digital platforms, have been characterized. It is determined that adaptability, transparency, and efficiency of the organizational structure of financial management are prerequisites for sustainable development. The main directions for transforming the organizational structure of financial management in the context of digitalization are presented. The directions of influence of business and financial management digitalization on the competitiveness and business activity of enterprises have been examined, as well as the need to reorient management towards strategic directions of sustainable development. The necessity of systemic changes in business models and financial management has been substantiated in the context of implementing tools for digital transformation and integrating the principles of sustainable development into the activities of enterprises. Methodological recommendations for adapting the organizational structure of financial management of enterprises to the conditions of the digital economy have been elaborated.