THEORETICAL AND METHODOLOGICAL ASPECTS OF FORMING A COMPLIANCE CONTROL SYSTEM

This article raises the problem of improving the analysis of the financial condition of an eco-nomic entity and its use in the compliance control system. The main tasks of using the analysis in the compliance control system in order to increase the efficiency of corporate management of the economic activity of an economic entity have been determined. It is emphasized that the analysis of the financial condition is one of the mandatory components of both internal control and compliance control, the differences in the use of the analysis results are analyzed. It is concluded that the role of financial analysis and its use in the compliance control system in order to improve the efficiency of corporate governance is constantly increasing in order to prevent compliance risks and regulatory risks due to external influence of supervisors.

A compliance control system is designed for wire suspended systems. The kinematic and static characteristics of the systems are analyzed and a rigid manipulator model with some virtual springs at the tip is derived. After showing that both position controllers and force controllers are needed for compliance control of a suspended object, a way to design each controller is described. A compliance controller for a prototype crane with three wires is designed and the crane is used for automatic assembly and cooperation between the crane and a position-controlled industrial robot. The experimental results verify the effectiveness of the compliance controller.

In crisis situations and globalization of economic processes, the largest organizations, in order to effectively manage and solve problems, implement more sophisticated control models that combine internal control and risk management subsystem - compliance control, which develops procedures and relevant paperwork governing such complex management and control processes. The article considers issues related to the definition of compliance control, its role in the subsystem of tax risk management and analysis of tax costs, goals and objectives in the enterprise management system, as well as ensuring economic security. The classification of principles of compliance control is offered, which includes: special status, efficiency of interpretation, data integration, unification, informativeness, efficiency. It is determined that compliance control should be understood as a set of different types of control, logically embedded in the business processes of the economic entity with the definition of responsible employees, computerization, regulatory and organizational and analytical documentation formed to regulate the activities of employees. their compliance with external and internal requirements of regulations. The solution to the problem of forming the competencies of the compliance controller is currently archival, because from the standpoint of the risks of the economic entity increases the personal risks of the specialist responsible for their monitoring and management. Characteristic features inherent in internal control and compliance control are identified. The author proposed the concept of building a model of compliance control in the organization, which is based on a single accounting and tax information system that allows you to consider business processes in all aspects and minimize tax risks, which is a key aspect of modern business management.

Purpose. The purpose of the article is to analyze the organizational foundations of the legal category «compliance» in the banking system of Ukraine. Methodology. The methodology includes a comprehensive analysis and a synthesis of available scientific and theoretical information. It is includes the formulation of relevant conclusions and recommendations. Such methods of scientific knowledge were used: terminological, functional, systemic-structural, logical-normative. Results: compliance is by the bank with legislative acts, market standards, as well as internal standards, procedures and documents of the bank. Compliance is a tool of the internal control system and an element of the bank's corporate governance process. Scientific novelty. In the process of research is established that compliance-control is the foundation on which the security of business, its economic activity, the trust of customers and counterparties, business reputation and the success of doing business in the relevant market are based. In turn, compliance control, which is usually identified with the concept of compliance, should be understood as a complex system of supervision to ensure that the bank acts in accordance with its own rules (internal regulations), current legislation, principles of business ethics, in order to protect against compliance risks and the risk of violation functioning of the bank as a whole. The implementation of a qualitatively new approach to the management of functional risks through compliance control is expedient from the point of view of efficiency and profitability, since the introduction of complex management systems will avoid duplication of functions and ensure the full implementation of the tasks set to minimize the manifestation of risks, significantly reducing the bank's operational costs. Practical significance. The results of the research can be used in legislation and law-enforcement activities.

The purpose of this work is to improve the methodological aspects of forming accounting and analytical information on the sustainable development of a transport enterprise, which will allow assessing the effectiveness of the sustainable development strategy. A number of modern general scientific methods and approaches were used in the work. In particular, the abstract-logical method was used, which includes analysis and synthesis, inductive and deductive approaches. The generalization method was used to analyze information sources and study local and international experience. In addition, the method of systematic analysis allowed us to study the object in a complex manner, taking into account the interrelationships between its elements and ensuring a holistic perception of the problem under consideration. The article discusses the theoretical and methodological aspects of forming accounting and analytical information to ensure the sustainable development of transport enterprises. The starting point for the analysis is the concept of sustainable development, which originated in the 1970s, and J. Elkington's “three dimensions” model (people – planet – profit), which emphasizes the interdependence of social, economic, and environmental components. The authors argue that it is critically important for modern transport companies to take into account not only financial indicators but also non-financial factors such as social responsibility, environmental performance, digital innovation, and stakeholder engagement. The paper focuses on the need to develop integrated reporting in accordance with the ESG model, which combines economic, social, and environmental indicators and allows for greater transparency in business activities. The main stages of creating such reporting are highlighted, from strategic vision to the identification of key performance indicators and the evaluation of achieved results. It is emphasized that traditional financial reporting cannot reflect all aspects of business sustainability, and therefore there is a need for a comprehensive approach to information management. An analysis of recent studies by Ukrainian scientists shows that the turbulence of the external environment is transforming approaches to transport development strategies and requires the improvement of methodological tools. It is concluded that the transition of transport companies to the principles of sustainable development creates a number of advantages: reduction of costs and dependence on resources, formation of a positive image, strengthening of trust among investors and partners, and expansion of opportunities for long-term development. Thus, the approach to the formation of accounting and analytical information and integrated reporting proposed in the article can become an effective tool for corporate governance, which will contribute to increasing competitiveness and ensuring the sustainable development of transport enterprises in modern conditions.

The purpose of the article is to substantiate the essential characteristics of economic security enterprises, as well as the formation of main criteria for assessing its reliability and efficiency in modern transformational conditions. Methods. To solve this scientific problem used: structural method – to build the structure of the article; comparative analysis empirical data – to pose the problem and study the object of study; abstract-logical generalization – to justify clarifications of scientific concepts of economic-mathematical model. The Results. A comprehensive study of essential and substantive characteristics the economic security of enterprises in modern market conditions. Scientific novelty. The author’s vision the scientific definition of economic security at enterprises is offered, which, in contrast the existing ones, allowed to identify the preventive nature with the selection of criteria for assessing its reliability and efficiency: ensuring stable operation of enterprises, preservation and increase of finances and material values; sustainable development, preservation and increase of material values the enterprise, high level of competitiveness production; use of innovative technologies in production activities; inviolability of commercial information and all resources; timely prevention of crisis situations and neutralization of negative factors affecting the activities of the enterprise. The practical significance. The main provisions of the scientific article will provide an opportunity to apply in practice the indicators of effectiveness the economic security of enterprises.

With the acceleration of global economic integration, cross-border mergers and acquisitions (M&A) have become an important strategic tool for companies to expand international markets and optimize resource allocation. However, the complexity and uncertainty of financial risks and compliance issues in the process of cross-border M&A pose significant challenges to the success of M&A transactions. This paper systematically analyzes the main types of risks and their interactions in cross-border M&A from the perspectives of financial risks and compliance. Through specific case studies, this paper reveals the constraints imposed by the legal systems, tax policies, and antitrust laws of different countries on the success of M&As and proposes effective risk management and compliance control strategies. The research findings indicate that financial risks and compliance risks in cross-border M&A are interrelated, and companies should consider both types of risks in the M&A decision-making process. By establishing an effective risk management framework and compliance review mechanism, companies can reduce the likelihood of M&A failure. This study provides a theoretical basis for risk management and compliance control in cross-border M&A and offers guidance for M&A decision-makers in practice.

Introduction. The viability of enterprises' competitiveness is determined by the results of their production and sales activities in conditions of sustainable development. High competitiveness is the primary condition for modern enterprises' development and effective functioning in market conditions. Competition forces enterprises of various forms of ownership to constantly monitor changes in supply and demand and the cost of material resources, reduce production costs, improve the quality of their products and services offered on the market, and increase their competitiveness. Competitiveness is an indicator that reflects the effectiveness of the entire complex of economic mechanisms, considering all factors and mechanisms. Increasing competitiveness is a long-term process that is carried out by the chosen strategy of the company's development and ensures the achievement of competitive advantages: a reduction in the cost of production, increasing its priority; implementation of innovations, identifying the advantages of own goods compared to substitutes; use of price factors to increase competition; search for new areas of product use, etc. Goal. The purpose of the article is to analyze the management of enterprises' competitiveness in the conditions of sustainable development. Method (methodology). The research process applied the methods of comparison, analysis, and theoretical and logical generalization. The dialectical research method became the methodological basis. The results. The article examines the influence of external and internal factors on the management of the competitiveness of enterprises in the context of economic, social, and environmental components of sustainable development; problematic aspects of ensuring the competitiveness of enterprises in conditions of sustainable development are analyzed; it has been proven that the dynamism of competitive advantages requires constant monitoring of their development trends and systematic development of complex measures for the development of existing and formation of new competitive advantages of the enterprise; it was determined that fundamentally new management solutions and strategic alternatives must be used to improve the results of operations radically. The conditions for increasing the competitiveness of enterprises in the context of the components of sustainable economic development are proposed and substantiated. Keywords: enterprise competitiveness, management, sustainable development, factors, indicators of competitiveness.

Sustainable Innovation in the Dutch Construction Industry: Entrepreneurs as Agents of Change

In order to satisfy the requirement of the automatic ultrasonic strengthening of an aviation blade surface, this paper puts forward a robotic compliance control strategy of contact force for ultrasonic surface strengthening. By building the force/position control method for robotic ultrasonic surface strengthening., the compliant output of the contact force is achieved by using the robot’s end-effector (compliant force control device). Based on the control model of the end-effector obtained from experimental determination, a fuzzy neural network PID control is used to optimize the compliance control system, which improves the adjustment accuracy and tracking performance of the system. An experimental platform is built to verify the effectiveness and feasibility of the compliance control strategy for the robotic ultrasonic strengthening of an aviation blade surface. The results demonstrate that the proposed method maintains the compliant contact between the ultrasonic strengthening tool and the blade surface under multi-impact and vibration conditions.

In modern business conditions, the company, regardless of ownership, needs to build an effective motivational mechanism to increase its strategic activity and maintain its competitive position in the market. The human potential is in the basis of an enterprise management, necessary for the long-term management of the organization, using the existing strengths and capabilities of the enterprise and minimizing the influence of weaknesses, thus achieving and implementing the strategic goals of the enterprise. Therefore, the priority of forming a competitive, highly professional, responsible and cohesive workforce is the strategy of personnel management. The article considers the current problems of staff motivation. To some extend, the successful management of production and economic activities, depends on the effective use of a professionally established motivational mechanism. Having a qualified staff able to perform their duties and manage the production process, you should not neglect the issue of systematic motivation of employees. The process of motivating the staff consists of external and internal factors, which can be both positive and negative. Taking into account the influence of external factors, as well as the factors of the internal environment at the enterprise level, the mechanism of motivation is focused on the effectiveness of employees and the company, management efficiency, features of labor relations. In modern conditions, the system of motivation involves not only the presence of material factors but also of the intangible ones, which are associated with the reliability of the workplace as well as the psychological environment within the enterprise and the style of management. The article considers the application of various methods in the system of employee motivation: economic, administrative, organizational and productional, social. Theoretical aspects and directions of formation of the motivational mechanism in modern conditions are investigated. A generalized model of the motivational mechanism of the enterprise is drawn up, methods of motivation, performance indicators are considered.

In the modern business scenario, organizations are vesting high efforts in managing process sustainability as part of their operations management practices. The global environmental concerns for the welfare of the society have facilitated this change. Research studies have reported Information and Communication Technology (ICT) as one of the prerequisites in developing and maintaining efficient business processes. The process sustainability related initiatives and various processes related regulatory compliances have created the need for sophisticated IT tools like BPM (Business Process Management) and BI (Business Intelligence) in organizations. Thus with the advancement of ICT, a strong desire to enhance the business process performance through BPM and BI applications is felt across organizations. However, there is scant research available on leveraging the advantages of these applications in sustainability development. Therefore, this paper aims to present a conceptual architecture framework using an integrated BPM and BI solution to develop an orientation among practitioners and academicians towards the inclusion of ICT in attaining a sustainable, energy efficient business operations or processes. The framework is based on the literature pertaining to the role of BPM and BI in process sustainability as well as from the inputs of practitioners involved in the field of BPM and BI.

The subject of research: theoretical and organizational aspects of personal military accounting at enterprises and directions for their improvement. The purpose of the study of issues of organization and maintenance of military records in Ukraine in the conditions of modern challenges and threats. Method or methodology for conducting research. The methodological basis of the research is the general scientific dialectical method, methods of induction, deduction. When studying the theory and current practice of military accounting at domestic enterprises, the methods of evaluation, comparison, comparison, grouping, and classification were used. When researching the normative and legal foundations of the organization of military accounting in Ukraine, its role in the implementation of the state's mobilization policy, the following were used: for the purpose of comprehensive knowledge of the object of research - dialectical method, methods of analysis and synthesis; to identify the advantages and disadvantages of various types of military accounting - the method of comparison and logical generalization; for the purpose of visual representation of the material, theoretical and practical provisions - a method of observation, generalization and graphic representation of data. The results of research and conclusions. The article examines current issues regarding the organizational and legal support of the organization and keeping military records in Ukraine. The peculiarities of the organization and maintenance of military accounting at enterprises were analyzed and critically evaluated, taking into account modern conditions. The components of the mechanism of effective interaction with the district (city) territorial centers of recruitment and social support in matters of military record keeping are defined, problems are outlined and ways to solve them are proposed.

Cite as: Miroshnychenko I., and Bradul, O. (2023). The influence of corporate management on the optimization of business processes. Economic analysis, 33 (4), 253-260. DOI: https://doi.org/10.35774/econa2023.04.253 The relevance of the study is due to the fact that today the economic situation in Ukraine in connection with the military aggression of a neighboring country has acquired a rather critical state, as a result of which many domestic corporations are losing production ties, key suppliers and sales markets, reducing business performance indicators processes. Therefore, the main task of corporate management is to find ways to optimize business processes in the existing conditions and direct all the potential of the corporation to maintain and preserve the business. The purpose of the study is to determine the specifics of the impact of corporate governance on the optimization of the enterprise's business processes. The object of the research is cooperative management and its influence on the optimization of the corporation's business processes. The theoretical analysis within the scope of this study was carried out on the basis of the methods of analysis, systematization, generalization and comparison of the theoretical provisions of various researchers regarding the definition of the essence and content of corporate management, as well as its influence on the optimization of the enterprise's business processes. Based on the results of a critical review of scientific works on the essence of corporate governance, the following scientific approaches to its interpretation were distinguished: classical, managerial, regulatory, controlling, strategic, effective, shareholder stakeholder. The author's vision of a complex system of interaction of such approaches based on their systematization into three groups (interest, management, effect) is proposed. At the same time, interest-group approaches are distinguished by a greater attention of scientists to the issues of satisfying the interests of participants in corporate relations, management - an emphasis on management functions and tasks of corporate management, and the effect - on obtaining the desired results from such management in a strategic perspective. The definition of corporate governance is proposed as a system of managing corporate relations in an organization that functions in order to realize its strategic goals by ensuring the effectiveness of the mechanism for making effective decisions based on the regulation and control of corporate rights and monitoring the results of activities to ensure the balance of interests of participants in corporate relations. The content of the concept of "optimization of business processes" in the environment of corporate management is proposed, which is based on the key role of corporate management, which develops a strategy aimed at the result.

The purpose of the article is to analyze and identify the key criteria for choosing a CRM system to ensure the optimal choice of a tool that meets the needs, capabilities and strategic goals of a particular business. Methodology of research. The goal set in the article was achieved by using the following research methods: logical generalization and scientific abstraction, structural analysis, analytical method. Findings. The effectiveness of CRM systems in the context of customer relationship management and their impact on business processes is investigated. When choosing a CRM system for an enterprise, it is important to consider a number of key criteria. First of all, you need to evaluate the functionality of the system to ensure that it meets your business needs. Consider the size of your organization, as some systems may be better suited for large companies, while others may be better suited for smaller ones. It is also important to evaluate the implementation experience and flexibility of the system's configuration to ensure that it meets the specific needs of your business. In addition, pay attention to the CRM's target definition, ease of use, and degree of operational readiness to ensure efficiency in your work. Equally important is the ability to integrate CRM with other applications, as well as the quality of service and support from the vendor. Taking these criteria into account, a well-considered choice of a CRM system can significantly increase the efficiency of your business. The evaluation criteria have been tested for a medium-sized e-commerce enterprise with a staff of 20 to 50 people when choosing from three popular CRM systems - Oracle Siebel CRM, Microsoft Dynamics CRM and SaAP CRM. Practical value. The results of the study have important practical implications for companies considering the implementation of a CRM system, as they provide an assessment of potential options and help make an informed choice aimed at improving performance and customer satisfaction. These results can also serve as a basis for further research in the area of CRM systems and their impact on business processes.