Web-Oriented Information and Analytical System for Assessing the Risk of Bankruptcy

Assessing the risk of an enterprise bankruptcy based on the analysis of its finances is not enough, because when problems within the company arise at the financial level, it is often too late to fix them, thus making bankruptcy inevitable. It is, however, possible to substantially improve the approach to the analysis of the enterprise bankruptcy risk by combining the accounting of quantitative (financial) and qualitative indicators, and considering them not only in statics, but also in dynamics. To timely identify the crisis at the enterprise, it is important to assess the probability of its bankruptcy beforehand. Generally, quantitative and qualitative indicators, calculated based on financial statements, which do not fully meet the requirements of an objective assessment of enterprise business processes, are used in operating models for determining the risk of enterprise bankruptcy. A significant increase in the efficiency of the analysis of the enterprise bankruptcy risk level can be achieved by combining the accounting of quantitative (financial) and qualitative indicators, and considering them not only in statics, but also in dynamics. However, the existing methods, for example Multiple Discriminator Analysis Methods, do not provide such a possibility. We advise to use an approach based on the use of a fuzzy set of devices to predict the bankruptcy of Ukrainian enterprises, while taking into account the disadvantages of existing quantitative and qualitative approaches and giving an opportunity to more objective estimation of the actual state of the enterprise. The purpose of the study is to develop an information technology and implement it as a web-oriented service for solving the task of assessing the enterprise bankruptcy risk online based on the apparatus of fuzzy sets, which is the foundation of the proposed methodology, built on the business process approach. This approach provides an opportunity to identify the symptoms of the crisis in each business process, their impact on the company's activities and develop countermeasures to prevent bankruptcy.