DIGITAL TRANSFORMATION OF ACCOUNTING AND ANALYTICAL PROCESSES IN UKRAINE: TRENDS, CHALLENGES, AND SECURITY IMPERATIVES (2020–2025)

Vira Shepeliuk

doi:10.36690/2674-5208-2025-3-58-66

Authors

Vira Shepeliuk Kryvyi Rih National University https://orcid.org/0000-0001-6270-5936

DOI:

https://doi.org/10.36690/2674-5208-2025-3-58-66

Keywords:

digital transformation, accounting, accounting and analytical processes, cloud technologies, ERP/BAS, electronic document management, online reporting, information security, cyber resilience, fintech, digital literacy, small and medium-sized enterprises, martial law, risk management

Abstract

The study addresses the global digitalization of business processes and its implications for transforming traditional accounting and taxation, emphasizing the rise of ICT, cloud services, and ERP-class systems (notably BAS) alongside heightened risks in information security, data quality, and regulatory compliance under martial law in Ukraine. The article aims to identify the features of digital transformation of accounting and analytical processes in enterprises, assess the impact of cloud technologies, BAS corporate information systems, and IFRS online reporting standards (Inline XBRL) on management efficiency, and develop proposals to strengthen information security amid crisis dynamics and global challenges. A combined systemic–functional approach is applied: the systemic lens situates technologies, institutions, and human capital as interrelated elements, while the functional lens focuses on practical deployment in accounting and taxation. Comparative analysis of international practices and Ukrainian cases (Diia, EDM adoption, fintech) is complemented by statistical indicators and a desk review of scholarly sources; qualitative assessment captures wartime adaptations. From 2020 to 2025, Ukraine expanded e-services and digital documents via Diia, advanced cashless payments and e-commerce, modernized telecom infrastructure, improved digital literacy, and widened business uptake of cloud/ERP/CRM and analytics, enhancing transparency and productivity. Simultaneously, cyber resilience and continuity of critical services strengthened, while convergence with European standards progressed. Persistent challenges include regional disparities, skills shortages, and regulatory harmonization needs. Sustainable digitalization requires integrating systemic, processual, functional, and spatio-temporal perspectives to ensure technological adoption, institutional readiness, legal standards, human capital development, and reinforced cyber resilience. Future work should prioritize inclusive access, interoperability of ERP/BAS and EDM, and governance measures that align security and compliance with innovation during crises.

Downloads

Download data is not yet available.

Author Biography

Vira Shepeliuk, Kryvyi Rih National University

Ph.D. (Economics), Associate Professor, Department of Accounting, Taxation and Public Administration, Kryvyi Rih National University, Kryvyi Rih

References

OECD. (2024). Enhancing Resilience by Boosting Digital Business Transformation in Ukraine. OECD Publishing. https://doi.org/10.1787/4b13b0bb-en

OECD. (2024). OECD Digital Economy Outlook 2024 (Vol. 2): Strengthening Connectivity, Innovation and Trust. OECD Publishing. https://doi.org/3adf705b-en

Vasyltsiv, T. (2022). Factors of the Development of Ukraine’s Digital Economy: Identification and Assessment. Science & Innovation, 18(2), 44–58. https://nasu-periodicals.org.ua/index.php/science/article/view/1168

Borblik, K. (2022). Digitalization of the Ukrainian Economy: Global Challenges and Local Dilemmas. MRU CRIS Repository. https://cris.mruni.eu/server/api/core/bitstreams/6fe83e53-6c39-4bf7-956c-46f59ccb0942/content

Verbivska, L., Abramova, M., Gudz, M., Lyfar, V., & Khilukha, O. (2023). Digitalization of the Ukrainian economy during a state of war is a necessity of the time. Amazonia Investiga, 12(68), 184–194. https://doi.org/10.34069/AI/2023.68.08.17

Shcherban, T., Hoblyk, V., Chernychko, T., Pigosh, V., & Kozyk, I. (2025). Assessment of the digital transformation of Ukraine’s economy: Challenges, opportunities, and strategic prospects. Scientific Bulletin of Mukachevo State University. Series “Economics”, 12(1), 159–168. https://doi.org/10.52566/msu-econ1.2025.159

Xing, J. L., & Sharif, N. (2025). A processual approach to skill changes in digital automation: The case of the platform economy in the service sector. Research Policy, 54(4), Article 105190. https://doi.org/10.1016/j.respol.2025.105190

Yurchyshyn, O. Ya., Stepanets, O. V., & Skorobogatova, N. Ye. (2024). Analysis of digital technologies in Ukraine: problems and prospects. CEUR Workshop Proceedings, 3781, 114–131. (3L-Person 2024, Lviv).

Shashyna, M., Pavliuk, T., Polusmiak, Y., Piddubnyy, Y., & Matvieieva N. (2024). European Integration and Globalisation of Ukraine’s Digital Economy: Strategic Directions and Prospects. Salud, Ciencia Y Tecnología - Serie De Conferencias, 3, 656. https://doi.org/10.56294/sctconf2024.656

Marchuk, U., & Kurylina, M. (2025). The impact of accounting digitization on the competitiveness of Ukrainian business. Herald of Economics, 4, 90-104 https://doi.org/10.35774/visnyk2024.04.090

Saeed, S., Altamimi, S. A., Alkayyal, N. A., Alshehri, E., & Alabbad, D. A. (2023). Digital Transformation and Cybersecurity Challenges for Businesses Resilience: Issues and Recommendations. Sensors, 23(15), 6666. https://doi.org/10.3390/s23156666

National Bank of Ukraine. (2023). Card Market in Q2 2023: High Share of Cashless Card Transactions. (Press release, 4 Sep 2023). https://bank.gov.ua/en/news/all/kartkoviy-rinok-u-ii-kvartali-2023-roku-chastka-bezgotivkovih-operatsiy-z-kartkami--na-visokomu-rivni

Wikipedia. (2023). Diia. Retrieved from https://en.wikipedia.org/wiki/Diia

Malikussaid, & Sutiyo. (2025). The Impact of the Russia–Ukraine Conflict on the Cloud Computing Risk Landscape. arXiv (arXiv:2506.20104). https://arxiv.org/abs/2506.20104