Transition to electronic document workflow: perspectives and challenges

Introduction. The importance of this research lies in the fact that electronic document management can enhance accounting, management and assist businesses in making informed decisions. The purpose of the paper is to investigate the advantages and challenges that arise when transitioning to electronic document management in a company's accounting, as well as to identify possible ways to optimize this process. Results. The transition to electronic document management in accounting encompasses numerous advantages that can significantly improve a company's functioning and enhance its competitiveness. These advantages include reducing bureaucracy and paper costs, increasing productivity and document processing speed, elevating information security and data protection, and supporting sustainable development and environmental conservation. The shift to electronic document management in accounting is accompanied by several significant challenges, including technical issues and infrastructure, legal and regulatory considerations, issues with corporate culture and management transformation, and associated risks and cybersecurity challenges. Electronic document management in accounting holds significant potential. Artificial intelligence can detect and correct errors in documents, automatically distribute information, and predict payments and transactions. Blockchain technology allows for creating an immutable registry and a trust chain for each document, preventing data alteration or document forgery. Cloud solutions and mobile access enable users to access documents from any device and location, expediting work processes and enhancing efficiency. Conclusion. Transitioning to electronic document management allows for reducing bureaucracy and paper costs, increasing productivity and document processing speed, enhancing information security and data protection, as well as supporting sustainable development and environmental conservation. By leveraging artificial intelligence, blockchain technologies, cloud solutions, and integration with other systems, businesses gain the capability to enhance their operational efficiency and security.