TRANSFORMATION OF FINANCIAL AND ECONOMIC SECURITY MANAGEMENT SYSTEM OF AN ENTERPRISE IN THE CONTEXT OF CONTEMPORARY THREATS

Abstract

The article examines the transformation of the financial and economic security (FES) management system of Ukrainian enterprises in the context of modern threats. The aim of the work is to identify key risks, assess the state of financial and economic security of national enterprises, and determine directions for modernising business security management systems, taking into account global and local challenges. The relevance of the topic is due to full-scale war, the digitalisation of business processes, the transformation of supply chains, the growth of cyber threats and personnel instability, which together increase the financial and organisational risks of enterprises. The methodological basis of the study was the system approach, methods of logical and comparative analysis, the risk-oriented approach, and structural-functional analysis, which made it possible to identify the main dysfunctions and vulnerability factors of the FES. The article identifies key threats of FES management system, including low levels of cyber security, lack of integrated risk management systems, personnel instability, high dependence on individual specialists, financial and logistical risks, shadow economy and fraudulent schemes that have intensified in the context of war. It shows that most enterprises use a reactive crisis response FES strategy, while modern conditions require the implementation of digital forecasting and crisis management technologies, including BI analytics, artificial intelligence (AI), Big Data, and ERP solutions. Conceptual approaches to modernising the FES management system have been grounded, which include the digitalisation of business processes, the development of comprehensive cyber security policies, investment in human capital and the implementation of hybrid risk management models that combine international standards and local features of the Ukrainian war economy. The practical value of the scientific work is in the possibility of usage the proposed approaches to form adaptive and sustainable FES management systems capable of ensuring business continuity and increasing the competitiveness of enterprises in the environment of increased uncertainty.