The role of the financial function in the organizational structure of the company

Financial organization is a fundamental part in the management strategy of any enterprise, having a direct impact on its performance and viability. The financial function is a central element in the organizational structure of the enterprise, having a role of coordination and integration of financial activities with the other functions, thus contributing to the achievement of the organization's global objectives. Enterprise financial management, as a component of general management, plays a crucial role in the success and viability of any business, it contributes not only to the financial health of the business, but also to the creation of an organizational culture oriented towards long-term performance and sustainability.

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Publication Details

Journal
Vector European
Published
2024-11-01
DOI
https://doi.org/10.52507/2345-1106.2024-2.14
Primary Topic
Regional Development and Management Studies
Type
article
Field-Weighted Citation Impact
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article

The role of the financial function in the organizational structure of the company

Grigore Duhlicher, Serghei Coreachin
Vector European
Regional Development and Management Studies
article

The role of the financial function in the organizational structure of the company

Grigore Duhlicher, Serghei Coreachin
article en

Abstract

Financial organization is a fundamental part in the management strategy of any enterprise, having a direct impact on its performance and viability. The financial function is a central element in the organizational structure of the enterprise, having a role of coordination and integration of financial activities with the other functions, thus contributing to the achievement of the organization's global objectives. Enterprise financial management, as a component of general management, plays a crucial role in the success and viability of any business, it contributes not only to the financial health of the business, but also to the creation of an organizational culture oriented towards long-term performance and sustainability.

Vector European(2)
Responsible consumption and production
Openalex Percentile: Top 72%
Regional Development and Management Studies
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