worldneweconomyМир новой экономикиThe world of new economy2220-64692220-7872Financial University under The Governtment оf The Russian Federation10.26794/2220-6469-2021-15-3-56-68worldneweconomy-330Research ArticleРЕАЛЬНЫЙ СЕКТОРREAL SECTORИзменения в финансовой функции компанийChanges in the Financial Function of Companieshttps://orcid.org/0000-0002-1243-5349СмирновВ. Д.SmirnovV. D.

Владимир Дмитриевич Смирнов — кандидат экономических наук, доцент Департамента мировых финансов

Москва

Vladimir D. Smirnov — Cand. Sci (Econ.), Associate Professor, Department of World Finance

Moscow

vdsmirnov@fa.ruФинансовый университетРоссияFinancial UniversityRussian Federation2021280120221535668Copyright © Смирнов В.Д., 20222022Смирнов В.Д.Smirnov V.D.Данная работа распространяется под лицензией Creative Commons Attribution 4.0.This work is licensed under a Creative Commons Attribution 4.0 License.https://wne.fa.ru/jour/article/view/330

Автор исследует особенности функционирования корпоративных финансовых служб, в работе которых многое изменилось за последние двадцать лет. Целью исследования является поиск оптимального баланса традиционных, рутинных операций и аналитической работы финансовой службы компании в существенно усложнившихся и нестабильных макроэкономических условиях. Теоретическую и методологическую основу исследования составили научные труды зарубежных ученых и экспертов по вопросам повышения эффективности работы финансовой службы корпораций. Использованы методы качественного и количественного анализа научных публикаций, аналитические материалы известных консалтинговых организаций, статистические данные. В результате исследования автор приходит к выводу, что для повышения отдачи от своей работы финансовой службе целесообразно сосредоточиться на углубленном анализе деятельности корпорации и подготовить предложения по повышению ее экономической эффективности в рамках концепции капитализма заинтересованных сторон. При этом часть работы, связанной с текущими расчетными операциями и кредитной поддержкой деятельности компании и сопутствующими рисками, рационально передать организациям, специализирующимся на такой деятельности.

The author examines the peculiarities of the functioning of corporate financial services, in the work of which much has changed over the past twenty years. The study aims to find the optimal balance of traditional, routine operations and analytical work of the company’s financial service in a significantly complicated and unstable macroeconomic environment. The theoretical and methodological basis of the study was the scientific works of foreign scientists and experts on improving the efficiency of the financial service of corporations. The author used methods of qualitative and quantitative analysis of scientific publications, analytical materials of well-known consulting organizations, statistical data. As a result of the study, the author concludes that in order to increase the return on its work, the financial service should focus on an in-depth analysis of the corporation’s activities and prepare proposals for improving its economic efficiency within the framework of the concept of stakeholder capitalism. At the same time, it is rational to transfer part of the work related to current settlement operations and credit support to the company’s activities and related risks to organizations specializing in such activities.

финансовая службаэффективностьаналитическая работасоздание дополнительной стоимостиfinancial serviceefficiencyanalytical workcreating additional valueReferencesSchwab K. The fourth industrial revolution: What it means, how to respond. World Economic Forum. Jan. 14, 2016. URL: https://www.weforum.org/agenda/2016/01/the-fourth-industrial-revolution-what-it-means-andhow-to-respond/ (дата обращения: 20.06.2021).Schwab K. The fourth industrial revolution: What it means, how to respond. World Economic Forum. Jan. 14, 2016. URL: https://www.weforum.org/agenda/2016/01/the-fourth-industrial-revolution-what-it-means-andhow-to-respond/ (accessed on 20.06.2021).Hunt V., Nuttall R., Yamada Y. From principle to practice: Making stakeholder capitalism work. McKinsey & Company. April 26, 2021. URL: https://www.mckinsey.com/business-functions/strategy-and-corporatefinance/our-insights/from-principle-to-practice-making-stakeholder-capitalism-workHunt V., Nuttall R., Yamada Y. From principle to practice: Making stakeholder capitalism work. McKinsey & Company. April 26, 2021. URL: https://www.mckinsey.com/business-functions/strategy-and-corporatefinance/our-insights/from-principle-to-practice-making-stakeholder-capitalism-workWoetzel J., Pinner D., Samandari H., Engel H., Krishnan M., Boland B., Powis C. Climate risk and response: Physical hazards and socioeconomic impacts. Washington, DC: McKinsey Global Institute; 2020. 164 p. URL: https://www.mckinsey.com/~/media/mckinsey/business%20functions/sustainability/our%20insights/climate%20risk%20and%20response%20physical%20hazards%20and%20socioeconomic%20impacts/mgiclimate-risk-and-response-full-report-vf.pdfWoetzel J., Pinner D., Samandari H., Engel H., Krishnan M., Boland B., Powis C. Climate risk and response: Physical hazards and socioeconomic impacts. Washington, DC: McKinsey Global Institute; 2020. 164 p. URL: https://www.mckinsey.com/~/media/mckinsey/business%20functions/sustainability/our%20insights/climate%20risk%20and%20response%20physical%20hazards%20and%20socioeconomic%20impacts/mgiclimate-risk-and-response-full-report-vf.pdfПейтерс М. Трансформация потребителя. Глобальное исследование потребительского поведения за 2020 год: Россия. М.: PwC; 2020. 28 с. URL: https://www.pwc.ru/ru/retail-consumer/publications/assets/pwcglobal-customer-insights-survey-2020-russia-ru.pdf (дата обращения: 25.06.2021).Peeters M. Consumer transformation. Global consumer behavior survey 2020: Russia. Moscow: PwC; 2020. 28 p. URL: https://www.pwc.ru/ru/retail-consumer/publications/assets/pwc-global-customer-insightssurvey-2020-russia-ru.pdf (accessed on 25.06.2021). (In Russ.).O’Reilly K., Lacy P., O’Regan K., Hart M. Delivering on the promise of sustainability. Dublin: Accenture; 2021. 37 p. (Macroeconomic Insight Series. Vol. 03). URL: https://www.accenture.com/_acnmedia/PDF-150/Accenture-Delivering-on-the-Promise-of-Sustainability.pdfO’Reilly K., Lacy P., O’Regan K., Hart M. Delivering on the promise of sustainability. Dublin: Accenture; 2021. 37 p. (Macroeconomic Insight Series. Vol. 03). URL: https://www.accenture.com/_acnmedia/PDF-150/Accenture-Delivering-on-the-Promise-of-Sustainability.pdfGoedhart M., Koller T. The value of value creation. McKinsey & Company. June 16, 2020. URL: https://www.mckinsey.com/business-functions/strategy-and-corporate-finance/our-insights/the-value-of-value-creation (дата обращения: 25.05.2021).Goedhart M., Koller T. The value of value creation. McKinsey & Company. June 16, 2020. URL: https://www.mckinsey.com/business-functions/strategy-and-corporate-finance/our-insights/the-value-of-value-creation (accessed on 25.05.2021).Dias J., Khanna S., Paquette C., Rohr M., Seitz B., Singla A., Sood R., van Ouwerkerk J. Introducing the next-generation operating model. Washington, DC: McKinsey & Company; 2017. 127 p. URL: https://www.mckinsey.com/~/media/mckinsey/business%20functions/mckinsey%20digital/our%20insights/introducing%20the%20next-generation%20operating%20model/introducing-the-next-gen-operating-model.ashxDias J., Khanna S., Paquette C., Rohr M., Seitz B., Singla A., Sood R., van Ouwerkerk J. Introducing the next-generation operating model. Washington, DC: McKinsey & Company; 2017. 127 p. URL: https://www.mckinsey.com/~/media/mckinsey/business%20functions/mckinsey%20digital/our%20insights/introducing%20the%20next-generation%20operating%20model/introducing-the-next-gen-operating-model.ashxLund S., Manyika J., Woetzel J., Barriball E., Krishnan M., Alicke K., Birshan M., George K., Smit S., Swan D., Hutzler K. Risk, resilience and rebalancing in global value chains. Washington, DC: McKinsey Global Institute; 2020. 112 p. URL: https://www.mckinsey.com/~/media/McKinsey/Business%20Functions/Operations/Our%20Insights/Risk%20resilience%20and%20rebalancing%20in%20global%20value%20chains/Risk-resilience-andrebalancing-in-global-value-chains-full-report-vH.pdfLund S., Manyika J., Woetzel J., Barriball E., Krishnan M., Alicke K., Birshan M., George K., Smit S., Swan D., Hutzler K. Risk, resilience and rebalancing in global value chains. Washington, DC: McKinsey Global Institute; 2020. 112 p. URL: https://www.mckinsey.com/~/media/McKinsey/Business%20Functions/Operations/Our%20Insights/Risk%20resilience%20and%20rebalancing%20in%20global%20value%20chains/Risk-resilience-andrebalancing-in-global-value-chains-full-report-vH.pdfHazan E., Smit S., Woetzel J., Cvetanovski B., Krishnan M., Gregg B., Perrey J., Hjartar K. Getting tangible about intangibles: The future of growth and productivity? Washington, DC: McKinsey Global Institute; 2021. 40 p. URL: https://www.mckinsey.com/~/media/mckinsey/business%20functions/marketing%20and%20sales/our%20insights/getting%20tangible%20about%20intangibles%20the%20future%20of%20growth%20and%20productivity/getting-tangible-about-intangibles-the-future-of-growth-and-productivity.pdfHazan E., Smit S., Woetzel J., Cvetanovski B., Krishnan M., Gregg B., Perrey J., Hjartar K. Getting tangible about intangibles: The future of growth and productivity? Washington, DC: McKinsey Global Institute; 2021. 40 p. URL: https://www.mckinsey.com/~/media/mckinsey/business%20functions/marketing%20and%20sales/our%20insights/getting%20tangible%20about%20intangibles%20the%20future%20of%20growth%20and%20productivity/getting-tangible-about-intangibles-the-future-of-growth-and-productivity.pdfMalek V., Rychlik P., Michniak P., Mlynski P. Business partnership: Inside the intelligent finance function. Warszawa: KPMG; 2015. 52 p. URL: https://assets.kpmg/content/dam/kpmg/pdf/2016/03/pl-Report-KPMGin-Poland-Business-partnership-Inside-the-intelligent-finace-function.pdfMalek V., Rychlik P., Michniak P., Mlynski P. Business partnership: Inside the intelligent finance function. Warszawa: KPMG; 2015. 52 p. URL: https://assets.kpmg/content/dam/kpmg/pdf/2016/03/pl-Report-KPMGin-Poland-Business-partnership-Inside-the-intelligent-finace-function.pdfAgrawal A., Eklund S., Waite J., Woodcock E. Finance 2030: Four imperatives for the next decade. McKinsey & Company. Nov. 17, 2020. URL: https://www.mckinsey.com/business-functions/operations/our-insights/finance-2030-four-imperatives-for-the-next-decadeAgrawal A., Eklund S., Waite J., Woodcock E. Finance 2030: Four imperatives for the next decade. McKinsey & Company. Nov. 17, 2020. URL: https://www.mckinsey.com/business-functions/operations/our-insights/finance-2030-four-imperatives-for-the-next-decadeCampagna C., Delawalla A., Peabody A. CFO Now: Breakthrough speed for breakout value. Dublin: Accenture; 2021. 28 p. URL: https://www.accenture.com/_acnmedia/PDF-145/Accenture-CFO-Now-Research-2021-FullReport.pdfCampagna C., Delawalla A., Peabody A. CFO Now: Breakthrough speed for breakout value. Dublin: Accenture; 2021. 28 p. URL: https://www.accenture.com/_acnmedia/PDF-145/Accenture-CFO-Now-Research-2021-FullReport.pdfRoos A., Tucker J., Rodt M., Stange A., Ego P., Boudadi A., Sheth H. Lessons from best in class CFOs. BCG. Jan. 15, 2020. URL: https://www.bcg.com/publications/2020/lessons-best-in-class-cfosRoos A., Tucker J., Rodt M., Stange A., Ego P., Boudadi A., Sheth H. Lessons from best in class CFOs. BCG. Jan. 15, 2020. URL: https://www.bcg.com/publications/2020/lessons-best-in-class-cfosReeves M., Goodson B., Whitaker K. The power of anomaly: To achieve strategic advantage, scan the market for surprises. Harvard Business Review. July-Aug., 2021 URL: https://hbr.org/2021/07/the-power-of-anomaly?utm_medium=Email&utm_source=esp&utm_campaign=none&utm_description=bhi&utm_topic=none&utm_geo=global&utm_content=202106&utm_usertoken=CRM_720865f60b2505878339cfeaa1738381b23b0737 (дата обращения: 26.06.2021).Reeves M., Goodson B., Whitaker K. The power of anomaly: To achieve strategic advantage, scan the market for surprises. Harvard Business Review. July-Aug., 2021 URL: https://hbr.org/2021/07/the-power-of-anomaly?utm_medium=Email&utm_source=esp&utm_campaign=none&utm_description=bhi&utm_topic=none&utm_geo=global&utm_content=202106&utm_usertoken=CRM_720865f60b2505878339cfeaa1738381b23b0737 (accessed on 26.06.2021).Reeves M., Heje A, Wesselink E., Whitaker K. Placing bets on recovery: The importance of capital allocation in a crisis. Boston, MA: BCG Henderson Institute; 2020. 8 p. URL: https://web-assets.bcg.com/fc/b9/b47b4bd84bf0ab5687dce2abab94/bcg-placing-bets-on-recovery-oct-2020.pdf (дата обращения: 26.06.2021).Reeves M., Heje A, Wesselink E., Whitaker K. Placing bets on recovery: The importance of capital allocation in a crisis. Boston, MA: BCG Henderson Institute; 2020. 8 p. URL: https://web-assets.bcg.com/fc/b9/b47b4bd84bf0ab5687dce2abab94/bcg-placing-bets-on-recovery-oct-2020.pdf (accessed on 26.06.2021).Barbey R., Burghardt M., Dab S., Fersztand P., Jung Y., Levet J., Sénant Y., Subramanian S., Tang T., van den Berg P., Wee C.K. Corporate treasury insights 2018: A game of trust. BCG. June 04, 2018. URL: https://www.bcg.com/publications/2018/corporate-treasury-insights-2018Barbey R., Burghardt M., Dab S., Fersztand P., Jung Y., Levet J., Sénant Y., Subramanian S., Tang T., van den Berg P., Wee C.K. Corporate treasury insights 2018: A game of trust. BCG. June 04, 2018. URL: https://www.bcg.com/publications/2018/corporate-treasury-insights-2018Barbey R., de l’Estang T.B., Burghardt M., Carlos M., Dab S., Levet J., Sénant Y., Subramanian S., Tang T., van den Berg P., Wee C.K. Corporate treasury insights 2016: It’s all about security and client experience. BCG. May 11, 2016. URL: https://www.bcg.com/publications/2016/financial-institutions-corporate-treasury-insightssecurity-client-experienceBarbey R., de l’Estang T.B., Burghardt M., Carlos M., Dab S., Levet J., Sénant Y., Subramanian S., Tang T., van den Berg P., Wee C.K. Corporate treasury insights 2016: It’s all about security and client experience. BCG. May 11, 2016. URL: https://www.bcg.com/publications/2016/financial-institutions-corporate-treasury-insightssecurity-client-experienceGhatge C., Ibáñez P., Khushaiani S., Spiller P., Teixeira H. Indirect procurement: Insource? Outsource? Or both? McKinsey & Company. Nov. 24, 2020. URL: https://www.mckinsey.com/business-functions/operations/our-insights/indirect-procurement-insource-outsource-or-bothGhatge C., Ibáñez P., Khushaiani S., Spiller P., Teixeira H. Indirect procurement: Insource? Outsource? Or both? McKinsey & Company. Nov. 24, 2020. URL: https://www.mckinsey.com/business-functions/operations/our-insights/indirect-procurement-insource-outsource-or-both

The authors declare that there are no conflicts of interest present.