Abstract

The article is devoted to the current problem of forming a strategy-oriented mechanism for managing the financial security of Ukrainian enterprises based on the introduction of new information technologies. It was established that transformational processes in the economy of Ukraine create the need to search for modern and effective ways to ensure the sustainable development of economic entities. The approaches to the definition of the financial security category of the enterprise are generalized and provided the author's definition of this category taking into account the strategically oriented approach. The main strategic guidelines are systematized, which are a prerequisite for the formation of an effective and efficient mechanism for managing the financial security of a modern enterprise of Ukraine in the context of the information and digital economy. A financial security management mechanism has been established to solve the problem of ensuring financial security, assess the level of financial security. A set of measures aimed at using the available resources and capabilities of the enterprise are taken. Proposals are presented for solving typical tasks on information and analytical support of the management process of financial security of the enterprise by means of introduction of new information technologies.

Highlights

  • Financial security is one of the important components of economic security of the enterprise, along with other components, such as personnel, technical and technological, intellectual, energy, environmental, information.One of the main conditions for successful growth and operation of the enterprise is the formation of an effective system of financial and economic security

  • The “financial security of an enterprise” in the article will be understood as a key component of economic security, which is an integrated process of management actions and decisions aimed at achieving the desired or expected financial condition, dependent on the priority financial interests of the enterprise, the key activity of which is the identification of challenges and the neutralization of risks, threats and hazards arising from the introduction and the implementation of financial policies and strategies based on the introduction of modern information technologies

  • Based on the above definition, it can be concluded that the strategic management of the financial security of enterprises is a system of consistent management decisions to select and implement strategic alternatives that should ensure the sustainable development, protection, and balance of the financial interests of the enterprise while having an effective risk management mechanism and avoid destabilizing threats to the internal and especially external environment to achieve the strategic goals of the enterprise

Read more

Summary

Introduction

Financial security is one of the important components of economic security of the enterprise, along with other components, such as personnel, technical and technological, intellectual, energy, environmental, information.One of the main conditions for successful growth and operation of the enterprise is the formation of an effective system of financial and economic security. It should be noted that the situation at Ukrainian enterprises is often very difficult – they use outdated and uncompetitive (especially in the foreign market) equipment, land issues are not resolved, large accounts payable and receivable are accumulated, and seasonal production often exists. All this determines the relevance of finding ways and mechanisms to ensure sustainable development of these enterprises, the effectiveness of financial security management, and the creation of a modern and reliable system of financial security for the business entity using new information technologies

Objectives
Methods
Results
Conclusion

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.