THE ROLE OF INFORMATION AND COMMUNICATION TECHNOLOGIES IN MANAGING THE INSOLVENCY PROCESS

Abstract

The aim of the paper is to present the results of the research
carried out on the territory of AP Vojvodina with the goal of
determining the extent to which information communication
technologies are used in the management of the insolvency process. The
problem that arises during the initiation of insolvency proceedings is
the lack of relevant information. Companies that are in a pre-insolvency
situation usually do not have enough resources to maintain their
information system. The lack of a clear strategy, the means and the will
to maintain an up-to-date information system for companies that are
about to face insolvency is another reason that leads to problem. On the
other hand, the insolvency administrators are limited by procedures and
rules they have to respect, and also the majority of insolvency
administrators have their own information system. The survey included
34 of the 262 active bankruptcy administrators.