Mechanism for managing the financial resources of an enterprise

Abstract

This article focuses on developing strategies to enhance the management of financial resources within enterprises. It is based on a systematic analysis of the factors influencing an enterprise's financial resource availability and offers proposals for priority areas to improve the efficiency of financial resource formation and utilization. The purpose of the article is to establish an effective system for managing an enterprise's financial resources. The methods used in this study include generalization to understand the essence of financial resources; analysis and synthesis to substantiate the management of financial resources; and a systematic approach, along with planning and forecasting, to develop measures that enhance financial resource management processes.

Results. A mechanism for managing the financial resources of an enterprise has been developed. This mechanism includes several components: methods for regulation, methods for ensuring effective management, regulatory and informational support, as well as a system of levers and influencing factors. The management tools for the formation, utilization, and internal circulation of an enterprise's financial resources have been identified. Additionally, potential reserves for development have been highlighted. These reserves aim to optimize financial resource management by improving the cost structure through the reduction of material, labor, administrative, and sales costs. Strategic directions for managing the formation and use of financial resources within the enterprise have also been identified. Finally, the stages of the process to enhance the efficiency of financial resource management in the enterprise have been established.

Conclusions. Improving the management of financial resources is a prerequisite for the effective functioning of an enterprise. The main recommendations for improving the efficiency of financial resource management are: optimization of the cost structure, improvement of product quality, renewal of the raw material base, use of the latest technologies, implementation of marketing policy measures, and entry into new markets.