FINANCIAL CONTROLLING AS A TOOL FOR ENSURING THE EFFICIENCY OF RISK MANAGEMENT SYSTEMS

Abstract

The article is devoted to the issue of integrating financial controlling as a tool for ensuring the effectiveness of risk management systems. The relevance of the topic is the problems of ensuring the adaptability and strategic stability of business in an open system, since economic changes and the dynamics of the market environment require the introduction of the latest tools and approaches into the enterprise's management system. Based on analysis and systematization of the views of domestic researchers on the concept of "financial controlling" has been developed, providing a structured understanding of its essence, significance, and role. The main types of risks covered by financial controlling have been grouped. Using a systemic and structural approach, the main components, functions, methods and tools of financial controlling in risk management are described, which made it possible to determine the internal relationships in the system for ensuring the effectiveness of risk management. It was found that financial controlling in the context of risk management has a variable nature and organization depends the specific characteristics of the economic sector, the level of digitalization, the scale of operations, the human resource potential, and the external economic and political conditions. The significance of the study lies in the possibility of applying the proposed methods and tools of financial controlling to increase the effectiveness of risk management at enterprises in various sectors of the economy. An integrated approach will allow for timely identification of financial, logistical, personnel and social risks, forecasting their consequences and implementing measures to minimize them. It has been proven that the combination of classical financial controlling methods with the use of digital tools makes it possible to simplify data collection, model risk situations, and enhance the enterprise’s readiness to make managerial decisions under crisis and unpredictable conditions. In particular, the use of digital tools, ERP systems, BI analytics, and forecasting methods ensures the timely identification of financial, operational, logistical, and personnel risks, allows for the assessment of their probability and impact on performance results, and facilitates the preparation of measures for their minimization.