Outsourcing as an innovative management tool for solving problems of enterprises financial and economic security

Orlyk Oksana
PhD in Economics, Associate Professor, Department of Economic Cybernetics and Information Technology, Odessa National Economics University, Ukraine, e-mail: orox@ukr.ne, ORCID ID: https://orcid.org/0000-0002-1235-7838

Cite this article:

Orlyk, O. (2023). Outsourcing as an innovative management tool for solving problems of enterprises financial and economic security [Autsorsynh yak innovatsiinyi instrument menedzhmentu pry vyrishenni zavdan finansovo-ekonomichnoi bezpeky pidpryiemstv], Socioeconomic research bulletin; Vìsnik socìal’no-ekonomìčnih doslìdžen’ (ISSN 2313-4569), Odessa National Economic University, Odessa, No. 1-2 (84-85), pp. 94-104.

Abstract

The article substantiates the feasibility of outsourcing in the systems of financial and economic security of domestic enterprises, and determined the features and directions of its application. The object of the study is outsourcing, which is one of the protection methods against financial risks in the system of financial and economic security of modern enterprises. The purpose of the article is to substantiate the appropriateness of outsourcing using for solving problems of ensuring financial and economic security of domestic enterprises, determining the main advantages, disadvantages and risks of using. The following methods were used in the research process: analytical-monographic in the study of literature sources on the research topic; system analysis, abstraction, logical generalizations in determining the characteristics of the studied process; abstract-logical to draw conclusions. It was established that the implementation of some tasks for ensuring financial and economic security, as well as other supporting processes, can be transferred to the company by a specialized firm (outsourcer), which has the necessary experience, strength and means in the field of ensuring business security. While ensuring the financial and economic security of an enterprise, it is advisable to use the services of an outsourcing company for: maintaining accounting records; support the work of information infrastructure; protection of confidential information; the assessment of internal and external threats to the security of the enterprise; preparation of information and analytical materials about the market, partners, projects; verification of business reputation and solvency of counterparties and partners; introduction of external crisis management; attraction of the external responsible executor of works within the established guarantee period, etc. A list of the main advantages, disadvantages and risks of using outsourcing in solving problems to ensure the financial and economic security of enterprises was created. The outsourcing will allow enterprises to improve financial and economic results, increase operational efficiency, and therefore competitiveness in the market.

Keywords

enterprise; outsourcing; outsourcer; business process; risk; financial and economic security of the enterprise.

JEL classification:M210; DOI:https://doi.org/10.33987/vsed.1-2(84-85).2023.94-104

UD classification: 005.934:334.761

This work is licensed under a Creative Commons Attribution 4.0 International License. To view a copy of this license, visit http://creativecommons.org/licenses/by/4.0/

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