Management of enterprise cash flows and their optimization

Shtefan N. M.; Solianyk L. H.; Yakovleva O. Ye.; Kaliuzhna O. I.

Article

Issue:	2025 №4 (92)
Section:	Finances, accounting and taxation
UDK:	658.14:336.64
DOI:	https://doi.org/10.33271/ebdut/92.103
Article language:	Ukrainian
Pages:	103-111
Title:	Management of enterprise cash flows and their optimization
Authors:	Shtefan N. M., Dnipro University of Technology, Solianyk L. H., Dnipro University of Technology, Yakovleva O. Ye., Dnipro University of Technology, Kaliuzhna O. I., Dnipro University of Technology
Annotation:	Methods. The theoretical and methodological basis of the scientific research was the work of scientists on the formation and distribution of enterprise cash flow and its optimization. The study used methods of critical literature analysis, which included a study of scientific publications to assess existing theories and practices of enterprise cash flow management. In order to achieve the set goal, the article uses general scientific and specific methods: methods of theoretical generalization – to study the process of formation and distribution of cash flows according to each type of enterprise activity; logical analysis methods – when forming ways to improve the management of cash flows of the enterprise; generalization and synthesis – to substantiate the scientific approach in optimizing the process of managing the cash flows of an enterprise for its further development and increasing the efficiency of its activities. Results. Approaches to the problem of optimizing the cash flows of an enterprise are analyzed. There is substantiated the need to improve the model of optimizing the cash flows of the enterprise, which would ultimately allow optimizing the profitability of the enterprise, while maintaining its liquidity and solvency. It has been determined that it is impossible to assess the effectiveness of enterprise cash flow management using a single criterion. Only a system of indicators will allow us to give an adequate assessment of the quality of cash flow management. Criteria for optimizing the management of cash flows of the enterprise are determined, while observing the necessary restrictions when achieving them. Novelty. An economic and mathematical model of optimal satisfaction of the demand for funds with the simultaneous allocation of a reserve of funds for the innovative and investment development of the enterprise is proposed. A matrix of investment development of the enterprise has been developed and a set of measures has been proposed for the enterprise's transition to a higher level of investment development. Practical value. The results of the study may be useful for business entities in the context of the emerging cash shortage of post-war reconstruction in Ukraine.
Keywords:	Cash flow structure, Cash flow management, Investment development matrix
File of the article:	EV20254_103-111.pdf
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