The Conceptual Approach to Building an Effective System of Cash Management Industry

Abstract

Author: I L Gulyaev National Research University The Higher School of Economics

Nowadays, the role of finance has increased and improvement of cash flow management technologies of industrial enterprises has become topical.The following components of the organization play the vital role in creating an effective system of enterprise cash flow management:·       An all-embracing, operative and reliable accounting of the components defining the specific directions of management strategy;·       An effective database structure, allowing the planning of financial and economic activities and providing the necessary informational capacity for operative management decision-making;·       A use of informational technologies.The inculcation of the given cash flow management model, describing the stages of the financial contents activity in the cash flow management, will allow, through holding a range of consequent analytical operations, to form the starting-point for creating the effective cash flow management system of an industrial enterprise.