Capital management, a proposal to improve short-term financial management in the enterprise

Abstract

The management of working capital is becoming more and more relevant in contemporary business organizations dedicated to the production of goods and services, on which business efficiency depends to a great extent, an aspect to which the top management of the Cuban State directs priority attention, as part of the updating of its economic and social model. The objective of the research is the design of a proposal for the management of working capital, for a correct short-term financial administration in decision-making in the enterprise. Its practical basis is that the financial techniques to be applied make it possible to arrive at results that reflect the potentialities and weaknesses located in the items that make up the working capital: cash, accounts receivable and inventories, which facilitate a correct short-term financial administration and thus act in order to improve the results in the economic and financial management of the company. The research methods used allow the use of techniques that make it possible to know the strengths and weaknesses of the business organization. Among the main results, the proposal for the management of working capital in the company, from its conception, constitutes a tool that facilitates to the entity the improvement of the financial administration in the short term for a correct decision making.