Adequate and responsible management of financial resources for the sustainability of companies

Abstract

Every organization needs to be more competitive and efficient economically and financially and for this, it is necessary to implement measures to achieve this end, so that they can become more productive and obtain results at a lower cost by making better use of their resources. Currently, due to globalization and technological use, more competitive, productive and profitable companies are required in order to achieve financial sustainability for their own benefit, but also for the environment or the community in which they operate and this can only be done be achieved through proper and responsible management of these resources. The general objective of this research is based on analyzing the adequate and responsible management of financial resources for the sustainability of companies. Taking care of the actions used by business administration is essential to provide useful and reliable financial information that allows gathering the necessary information for the result of its external operations and internal transformations, therefore, the decisions made around this will be objective. It is also important to consider the constant evaluation of the actions that mean expenditure of resources, in order to improve and manage them better, in order to maximize efficiency and with it, the profitability derived from the internal processes of any organization.