Methodology for implementing digital financial controlling tools in companies in Kyrgyzstan

This study aimed to analyse approaches to the effective use of digital technologies to improve the performance of the financial controlling system in companies in Kyrgyzstan. The methodological basis of the research was a systemic approach, including the analysis of corporate reporting, a comparative analysis of digitalisation practices and an assessment of the functional components of financial controlling. Within the framework of the study, a comprehensive analysis was carried out of three open joint-stock companies – OJSC Eldik Bank, OJSC “Electric Power Stations” and “Kumtor Gold Company”, which made it possible to identify differences in the levels of digital maturity of financial management in the banking, energy and industrial sectors. The analysis showed that in the financial sector integrated information systems are most actively implemented; these ensure the automation of management accounting, centralised access to financial data and the development of analytical tools to support managerial decision-making. In the industrial sector, digitalisation has covered the automation of production and financial accounting, as well as the introduction of Business Intelligence platforms for data analysis and the conduct of electronic tenders. This contributed to improving the accuracy of cost-forecasting, reducing the time needed for budgeting and ensuring the output of 13.567 kg of gold with tax payments that exceeded KGS 17.2 billion in 2023. In conclusion, practical recommendations are presented for Kyrgyz companies, including a comprehensive diagnosis of accounting systems, the development of a digital transformation roadmap, the introduction of enterprise resource planning platforms with integrated management accounting modules, and the development of staff competences in analytics and financial forecasting. The practical value of the study lies in the proposal of specific recommendations for Kyrgyz enterprises and financial managers on the implementation of digital controlling tools