Digitization or Digitalization of EU Funds Management Processes
Digitization or Digitalization of EU Funds Management Processes

Summary/Abstract: This paper explores the effect of the application of electronic services in the management of EU funds, defining the main factors determining the effectiveness and efficiency of the final results achieved. The paper examines the optimization of EU fund management processes through the use of data and focuses on the development of the Information System for Management and Monitoring of EU Funds (Unified Management Information System - UMIS), through which most of the funds provided by external sources are managed, and the effect this has on the standardization of management processes in this regard. On the other hand, the article analyzes the adaptability of processes in a dynamic, rapidly changing environment, as well as in times of crisis requiring changes in key processes. This will define the key factors that have led to the current results in terms of EU fund management. At the same time, the possibilities for applying this approach in other areas will be analyzed with the aim of accelerating the optimization of business processes, improving results, and providing higher quality services. The paper compares the main features of digitization (electronization) and digitalization of EU funds management processes, EU funds management services, focusing on the added value and opportunities provided by the use of structured data. "Time" has been cited as a major factor in this regard.

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