Preparation of Non-financial Reporting in Modern Conditions: Formalization and Automation

Vladimir Y. Skobarev (), Elena Y. Pertseva () and Timur V. Ruzmetov ()
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Vladimir Y. Skobarev: FBK Grant Thornton
Elena Y. Pertseva: FBK Grant Thornton
Timur V. Ruzmetov: FBK Grant Thornton

Chapter Chapter 26 in Industry 4.0, 2021, pp 289-301 from Springer

Abstract: Abstract Purpose Analyze whether software products to support the non-financial reporting process meet the necessary requirements to improve the efficiency of this process. Design/methodology/approach: Formulated difficulties in the preparation of non-financial reporting identified on the basis of many years of experience in providing audit and consulting services in relation to non-financial reporting. Findings: Software products for supporting the process of preparing non-financial reporting on the market meet most of the requirements necessary, in our opinion, to improve the efficiency of this process and the quality of reporting. Originality/value: One of the main issues that companies deal with is that non-financial reporting requires gathering heterogeneous information from a plenty of areas related to the social, environmental, and economic impact of the company. Automation of the relevant business processes allows making this process less time-consuming and more efficient. Our study shows that the vast majority of the analyzed software products have the characteristics that make them useful for the report preparation. Automation of the relevant business processes allows making this process less time-consuming and more efficient.

Keywords: Sustainable development; Corporate sustainability; Non-financial reporting; Sustainable governance; Automation; Q010 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-75405-1_26

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DOI: 10.1007/978-3-030-75405-1_26

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