• BUSINESS

    SYSTEMATIC COMPARISON OF EXISTING AND NEW APPROACHES FOR MONITORING COMPLIANCE RULES OVER BUSINESS PROCESSES

    Science. Business. Society., Vol. 1 (2016), Issue 3, pg(s) 50-53

    The body of literature on business process compliance is large and approaches specifically addressing process monitoring are hard to identify. Moreover, proper means for the systematic comparison of these approaches are missing. Hence, it is unclear which approaches are suitable for particular scenarios. The goal of this paper is to define a framework for Compliance Monitoring Functionalities (CMF) that enables the systematic comparison of existing and new approaches for monitoring compliance rules over business processes during runtime. To define the scope of the framework, at first, related areas are identified and discussed. The CMFs are harvested based on a systematic literature review and five selected case studies. The appropriateness of the selection of CMFs is demonstrated in two ways: (a) a systematic comparison with pattern-based compliance approaches and (b) a classification of existing compliance monitoring approaches using the CMFs. Moreover, the application of the CMFs is showcased using three existing tools that are applied to two realistic data sets. Overall, the CMF framework provides powerful means to position existing and future compliance monitoring approaches.

  • BUSINESS

    INNOVATIONS IN THE PUBLIC FINANCE CONTROL – NECESSARY AND REQUIRED

    Science. Business. Society., Vol. 1 (2016), Issue 3, pg(s) 39-42

    The innovations in the public sector follow those in the business sector. The reasons are at least two – the necessary conservatism of the sector and setting-out of the initiatives of the "top". However, the introduction of innovations in the public organizations is not only necessary, but also mandatory, as it is directly related to the administrative capacity to perform effectively and efficiently their inherent functions.

    The operations with the public finances has always been the focus of public attention, which is sensitive to the way of spending taxpayers’ money. Therefore, innovation in this field should be directed towards greater transparency, control, efficiency and effectiveness. Opportunities for that exist in areas such as financial analysis, financial planning and forecasting, development of program budgets, and application of the financial management and control.

    Innovative models of public finance management are presented in the paper, with emphasis on the use of cloud technologies for ex-ante control over the spending of budget funds. Such cloud structure was probated in some Bulgarian municipalities and its effectiveness and efficiency was proven in terms of facilitation the work of financial controllers, implementation of rapid control activities, generation of checkups and reports and upgrading the confidence in the operation of control systems.