Management of the Financial-Economic Security of Enterprise by Means of Business Processes Reengineering

Abstract

The need to ensure the conditions of viability of enterprises through flexibility and adaptability against the modern hard-to-predict changes requires the use of modern, worldwide-recognized instruments and forms of management, the main place among which is reengineering. The expediency of this approach to managing financial-economic security is due to the fact that, on the one hand, financial-economic security is the initial prerequisite for long-term development, and on the other hand, it acts as a criterion for the efficiency of enterprise management. The article is aimed at substantiating the theoretical-methodical approach to the use of business process reengineering instruments in ensuring the financial and economic security of enterprises in accordance with its strategic orientation. The basic principles of building a system of financial-economic security are defined. On the basis of the system-structural approach, the classification of types of financial-economic security with the separation of market and interface security was carried out. The system of indicators for monitoring the level of financial-economic security is proposed to be built on the basis of sustainable development with the obligatory separation of ecological, social and directly financial-economic groups of indicators. A definition of the financial-economic security management from the position of strategic management is presented as follows: a set of the most significant decisions directed towards ensuring a programmed level of security of the enterprise. The relationship between the financial-economic security management strategy and the mechanisms of business process reengineering is demonstrated.

Keywords

• financial-economic security
• reengineering of business processes
• strategic management
• element of financial-economic security