Abstract
Today, the global trend of the digital world economy is entering an active phase of its development. In the leading countries of the world, the development of digital technologies, both at the state and corporate levels, has been begun to advance massively in government programs and business strategies. The substantiation of the role aspect of introduction of the process of digitization as an innovative element of improvement of the system of financial security management of representatives of the business sector of the economy is relevant. It is to investigate the impact of the digitalization system on improving the financial security management of enterprises in the process of improving the conceptual apparatus and develop an economic and mathematical model for evaluating financial security based on innovative proposals.
 To achieve this goal, we used the method of theoretical generalization to determine the conceptual apparatus of digitization and economic-statistical methods to substantiate the economic and mathematical model of assessing the financial security of enterprises. It is proposed to expand the conceptual apparatus of the system of financial security management of enterprises by introducing such definitions as «digitization of financial security», «digital base of financial storage» and «regulator of financial security». The authors’ position of the essential characteristic of the definitions is given and the advantages of their adaptation in the management cycle are stated. The feasibility of introducing the principle of «digitization of financial security» as one of the key elements of the innovative proposal of the system of financial security management of enterprises in the future is argued. An economic and mathematical model of financial security assessment based on the profitability criteria is developed and substantiated. A number of proposals have been made to improve the financial security management of enterprises based on individual segments of the digitization system.
Highlights
It is impossible to overestimate the role of the digital economy in the development of the modern business sector
Considering the subject of research, we propose to include in the conceptual apparatus of the financial security management system of representatives of the business sector in terms of digitization the definition of: «digitization of financial security» is a process of adaptation of digital technologies in the financial security management system of macroeconomic and microeconomic level
Due to the process of digitization of the system of financial security management of enterprises, the qualitative level of database formation for real assessment of the existing border of security increases. It is Summarizing, it should be noted that the relevance of strengthening the financial security of representatives of the business sector is due to the existing shortcomings in the management system, namely because of the lack of an effective methodological platform approved at the macroeconomic level, will be manifested in the imperfection of the formation of information flow for making informed managerial decisions
Summary
It is impossible to overestimate the role of the digital economy in the development of the modern business sector. The existing elements of ensuring the financial security of business entities in today’s economic space require the adaptation of new approaches, but above all, the rapid adaptation of segments of the digital economy, that is, digitization. Such a claim can be argued by the content of the key principle of the digital economy – «focus and complexity» – which guarantees, in the context of public administration, the correction of market failures and the maintenance of fair competition. The problematic nature, interest of the scientific elite and practitioners in the research of various elements of digitization, especially in the management cycles, substantiates the relevance and modernity of the chosen direction of research
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