Proceedings of the 7th International Conference on Applied Research in Business, Management and Economics
Year: 2024
DOI:
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A Framework for Maximizing Performance through Integrated Financial Management
Tripti Nashier
ABSTRACT:
In today’s rapidly-changing business landscape, markets have become more complex and stakeholder expectations have increased. Therefore, it becomes crucial for firms to adopt a comprehensive and cohesive approach to financial management. This approach should encompass key elements of integrated management. The ultimate goal is to improve overall performance, ensure long-term sustainability, and cultivate a culture of ongoing enhancement in financial operations. To address this requirement, this research paper focuses on the creation of a comprehensive financial management framework designed to enhance performance. Through a thorough analysis of existing literature and a critical evaluation of current practices, this study develops an integrated management framework that organizations can utilize to optimize their financial operations and investment strategies. The development of an integrated financial management framework represents a significant stride towards empowering organizations to optimize their financial performance, mitigate risks, and foster a culture of financial excellence and accountability. Through the seamless integration of financial planning practices, investment management techniques, risk assessment methods, and strategic decision-making processes, this framework offers a comprehensive and cohesive approach to navigating the intricacies of financial management. Its impact transcends mere financial metrics, extending to the realms of operational efficiency, strategic alignment, and long-term value creation, thereby positioning organizations for sustained success in an ever-changing business environment.
keywords: Organizational Performance; Financial Strategy; Financial Planning; Investment Management; Risk Management