Advantages of Blockchain for Efficient Electronic Documents Flow in the Enterprise Accounting System

Electronic document flow is defined as a critical element of digital business transformation, predicting significant growth in the software market. Statistics show that companies are actively using these technologies. Businesses benefit from the implementation of electronic documents flow, including increased efficiency, cost savings, easier access to data, and regulatory compliance. Electronic documents not only automate processes, but also create a basis for analytics, helping to solve important problems in the context of hybrid work and the rapid development of digital business models. The introduction of blockchain technology into electronic documents flow in the company’s accounting system is becoming a promising area of development, contributing to the improvement of security, transparency and efficiency of documents flow. The BEDF model establishes the key principles of integration, ensuring security, transparency, consistency, efficiency, cost reduction, and compliance. Successful integration of blockchain into electronic documents flow requires a systematic approach that takes into account various aspects of documents flow, including security, transparency, integrity, efficiency, cost reduction, and compliance.