Use of Digital Technologies by Financial Services of Russian Companies

The purpose of the study is to show the role of digital technologies in the work of financial departments of Russian companies and to reveal the main directions of changes in the functionality performed by company's employees. The study used the data of inquiry of executives and specialists of financial departments of companies, who were studying MBA and advanced training programs at the Financial University under the Government of the Russian Federation in the period from 2018 to 2020. The data from relevant studies were analysed. The article explores the possibilities of using artificial intelligence, predictive analytics of big data, robotic process automation, machine learning, modelling visualization and their impact on improving business efficiency. The use of digital technologies provides the financial service with such information resources that, through the integration of databases, make it possible to build the planning and analysis infrastructure, supporting the management activities of the development, marketing, logistics, sales, etc., into a single infrastructure for corporate planning and business analysis. Most of the executives of large companies around the world agree that the full-scale introduction of digital technologies into the global economy will provide a real opportunity to increase labour productivity, reduce costs and develop business. Due to the digitalization of processes, most Russian companies' executives can expect the increase of operational efficiency, reduction of costs, and, strategically, corporate growth. The results of the study confirm the relevance of the problem.