Improving accounting and analytical support for monitoring settlements with contractors based on it technologies
- DOI
- 10.2991/iscde-19.2019.77How to use a DOI?
- Keywords
- accounts receivable, accounts payable, liabilities, counterparties, monitoring of settlements, management company, financial stability
- Abstract
The article discusses the possibilities of using IT technologies to increase the efficiency of monitoring settlements on receivables and payables of a commercial organization. As the object of study, the activities of management companies in the field of housing and communal services were selected. Such organizations have one of the most complex systems of relations with counterparties, including legal entities and individuals, state and municipal authorities, affecting not only economic but also social aspects, which is especially important in connection with the reform of housing and communal services in Russia The main problem arising from the multivariance of business-contractual relations between management companies and counterparties is associated with an imbalance of receivables and payables arising from this, which negatively affect the financial condition of organizations. The authors investigated the causes of the above problems and developed possible directions for optimizing the existing monitoring systems for settlements of management companies with suppliers and consumers of services. The main promising areas are the transition to the experience of IFRS in assessing debts in the part that does not contradict the legislation of the Russian Federation, as well as increasing the effectiveness of monitoring by expanding the capabilities of software and strengthening the analytical aspects of processing information from internal and external sources. The proposed recommendations for the modernization of accounting and analytical support for monitoring the settlements of management companies based on IT technologies can also be used by other commercial organizations with adaptation to the conditions of their business processes. The advantage of expanding the functionality of the software is to reduce the costs associated with the analysis of counterparties and work with overdue receivables, as well as reducing the time for making decisions on the organization of cash flows in an optimal balance of debts and obligations.
- Copyright
- © 2019, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - L.V. Iurieva AU - E.R. Sinianskaia AU - O.V. Savostina PY - 2019/12 DA - 2019/12 TI - Improving accounting and analytical support for monitoring settlements with contractors based on it technologies BT - Proceedings of the International Scientific and Practical Conference on Digital Economy (ISCDE 2019) PB - Atlantis Press SP - 121 EP - 127 SN - 2352-5428 UR - https://doi.org/10.2991/iscde-19.2019.77 DO - 10.2991/iscde-19.2019.77 ID - Iurieva2019/12 ER -