Innovative approaches to the management of enterprise financial resources: Analysis of factoring implementation

Анотація

The study was aimed at investigating the mechanism of formation of financial resources and efficiency of their use, specifically in the context of using factoring to reduce the debt burden. Successful management of financial resources is critical for the stability and development of any company, as their efficient use allows not only maintaining financial stability but also achieving long-term goals. The purpose of this study was to introduce methods of optimisation of the financial condition on the example of LLC “Agrobuilding Alliance “Astra”, with a focus on a new instrument for managing financial resources in Ukraine – factoring. Materials and methods of the study included qualitative and quantitative analysis of financial resources of the enterprise. The key materials used included the scientific studies of Ukrainian and foreign economists and financial reports of the company under study. The research methods included a comparative analysis of financial indicators before and after the introduction of factoring, modelling of financial flows (revenue), and evaluation of the efficiency of using this tool. The study employed financial analysis methods, such as financial stability and profitability analysis, as well as methods of horizontal and vertical analysis of the company’s balance sheet, structural analysis of profits, and factor analysis of return on equity based on the impact of the financial leverage effect. The results of the study showed that the introduction of factoring reduced accounts receivable and improved the company’s financial stability. The use of factoring as an innovative tool for Ukraine helped to optimise the financial position and analyse its impact on the company’s financial performance. The practical significance of this study is to provide recommendations on the effective use of factoring to improve financial stability not only for the studied LLC, but also for other enterprises facing analogous challenges, since factoring is a relevant solution in the context of economic instability, as a tool that allows reducing the debt burden and ensuring the stability of financial flows of enterprises

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