The Importance of The Financial Controlling System in The Activities of an Enterprise
DOI:
https://doi.org/10.51699/economics.v38i3.517Keywords:
Financial Controlling, Enterprise Management, Cost Control, Financial Planning, Budgeting, Performance Indicators, Strategic Decision-MakingAbstract
In the context of increasing global competition, market volatility, and digital transformation, enterprises are under pressure to enhance financial transparency, strategic alignment, and operational efficiency. Financial controlling has evolved from a traditional reporting function into a comprehensive system that integrates planning, monitoring, analysis, and decision support. It plays a critical role in aligning financial activities with business strategy. Despite its strategic significance, many enterprises still lack clarity in implementing integrated controlling systems that leverage modern technologies and drive sustainable value. This study aims to explore the structure, functions, and strategic impact of financial controlling systems in enterprise management, with a focus on their role in performance optimization, risk mitigation, and digital integration. The analysis demonstrates that effective financial controlling improves profitability, forecasting accuracy, and resource allocation while reducing operational inefficiencies. Key tools such as ERP systems, KPI dashboards, variance analysis, and cash flow modeling are shown to support informed, real-time decision-making. Case studies reveal how advanced technologies like AI and RPA enhance controlling functions. The research offers a multidimensional perspective on financial controlling, linking financial oversight with digital innovation, sustainability metrics, and behavioral economics. The findings underscore the need for enterprises to embed financial controlling within core strategic frameworks, adopt international best practices, and develop controller competencies in data analytics and strategic advisory to remain competitive in the evolving global economy.
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Copyright (c) 2025 Ilmira Konisbayevna Urazbayeva
This work is licensed under a Creative Commons Attribution 4.0 International License.
