Optimization of management of financial flows of a group of companies
https://doi.org/10.20914/2310-1202-2022-1-265-274
Abstract
The main task of financial management in groups of companies is to coordinate financial flows and improve the efficiency of their management. The search and substantiation of economically feasible solutions to these problems is hampered by the presence of many different types of consolidated associations that do not allow a single approach to financial management to be applied. Therefore, the processes of modeling financial flows of groups of companies based on modern principles of financial management are gaining relevance. The purpose of this study is to develop a model for managing the financial flows of a group of companies, taking into account the specifics of its activities within the framework of the formation of an effective financial management system. A systematic approach, theoretical and practical research of specialists in financial management, methods of economic and mathematical modeling are used. The paper substantiates the need to form a single financial center in groups of companies that performs treasury, clearing and credit functions, identifies the features of the implementation of financial functions by a single financial center within the type of a group of companies. Models for managing financial flows of a group of companies are proposed, which are an algorithm for maximizing individual positive synergistic effects of a group of companies that are predicted to be obtained as a result of performing functions assigned to a single financial center. The practical value of the work lies in the possibility of using the presented models for managing financial flows in the activities of Russian groups of companies and integration associations, which contributes to the formation of an effective financial management system. It is concluded that building a model for managing the financial flows of a group of companies involves defining the target function of the activities of the companies that are part of the group, and setting a system of restrictions in which the participants have to work; development of an algorithm for the optimal distribution of financial resources between participants, carrying out mutual settlements and implementing intragroup lending.
About the Authors
M. P. Bolodurina
Orenburg State University
Cand. Sci. (Econ.), associate professor, personnel management, service and tourism department, 13 Pobedy Av., Orenburg, 460018, Russia
E. I. Komarova
Orenburg State University
Cand. Sci. (Econ.), associate professor, personnel management, service and tourism department, 13 Pobedy Av., Orenburg, 460018, Russia
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Review
For citations:
Bolodurina M.P., Komarova E.I. Optimization of management of financial flows of a group of companies. Proceedings of the Voronezh State University of Engineering Technologies. 2022;84(1):265-274. (In Russ.) https://doi.org/10.20914/2310-1202-2022-1-265-274
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