Changes in the Financial Function of Companies

Abstract

The author examines the peculiarities of the functioning of corporate financial services, in the work of which much has changed over the past twenty years. The study aims to find the optimal balance of traditional, routine operations and analytical work of the company’s financial service in a significantly complicated and unstable macroeconomic environment. The theoretical and methodological basis of the study was the scientific works of foreign scientists and experts on improving the efficiency of the financial service of corporations. The author used methods of qualitative and quantitative analysis of scientific publications, analytical materials of well-known consulting organizations, statistical data. As a result of the study, the author concludes that in order to increase the return on its work, the financial service should focus on an in-depth analysis of the corporation’s activities and prepare proposals for improving its economic efficiency within the framework of the concept of stakeholder capitalism. At the same time, it is rational to transfer part of the work related to current settlement operations and credit support to the company’s activities and related risks to organizations specializing in such activities.

Keywords

• financial service
• efficiency
• analytical work
• creating additional value