Improving the Tools of Financial Planning Based on the Functionality of Software Products

Abstract

The need to develop methods of financial planning that meets the goals and objectives of the enterprise in conditions of the market economy is obvious since it is irrational to carry out effective management activities without planning. It is especially interesting to consider the experience of Russian enterprises which have business relationships with the world’s leading corporations where it is indispensable to have high standards of organization of all processes of functioning, including financial planning (budgeting). The aim of the research was to study the problems of implementation and optimization of financial planning with the help of software products. The objectives of the research included the study and analysis of the budgets that are developed with the help of one software product, and the search for meaningful bugs using the other software with the purpose of optimization of the budgeting process. We set this applied research problem in order to solve it during the research of an enterprise. When studying the addressed issues the methods of economic analysis and synthesis were used.