Mechanism of Financial Planning Optimization in the Corporations
International Journal of Management, 11 (5), 2020, pp. 846-857.
12 Pages Posted: 14 Jul 2020
Date Written: June 20, 2020
The authors proposed the concept of constructing a coordination centre for planning, covering the main aspects of the formation of a single financial plan for the corporation. In the course of scientific research, an original system for the creation of a single financial plan was developed, which provides automation of the planning, analysis and adjustment of financial plans. The authors calculated the economic efficiency and performance of the proposed Center on the example of a real corporation. The research hypothesis is based on the fact that financial planning is an important, significant tool, the need for modelling, including what-if analysis, reconfiguration of bottom-up/top-down information flows, data consolidation and viewing of historical information, as well as reporting and a graphical representation of the data is unthinkable without the use of special computer programs.
Keywords: Corporation, Economic Efficiency, Financial Planning, Optimization, Performance
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