REENGINEERING OF FINANCIAL BUSINESS PROCESSES AS A TOOL FOR OPTIMIZING THE ACTIVITIES OF ORGANIZATIONS

The aim of the work is to form the conceptual components of the reengineering of financial business processes in an organization. Analyzing, systematizing and summarizing the scientific works of many scientists, it should be noted that in order to successfully manage financial flows and their nodes, it is necessary to improve or create effective methods and tools in the organization. One of the methods for managing financial flows is management based on the reengineering of financial business processes. It has been substantiated that financial business processes are a set of one or more interconnected financial procedures / operations (functions) that jointly implement the financial business task of an organization within its organizational structure that describes functional roles and relationships. The paper defines and systematizes the main financial business processes. It is substantiated that the reengineering of financial business processes covers all aspects of financial activity, taking into account the goals of the organization and in accordance with the sensitivity of the market, and the process of its implementation in the organization is also recommended, where at each stage the head of the organization's division decides on the implementation of the next stage. Criteria are formulated (duration of the process; completeness, timeliness of obtaining and reliability of information; laboriousness of the process), advantages (transparency, responsibility, efficiency) and errors of reengineering of financial business processes.The paper substantiates that when reengineering financial business processes, it is effective to use CALS technologies that provide for the organization of a single information space and integrate automated systems designed to effectively solve engineering tasks and plan and manage production and organization resources. The characteristic properties of the CALS technology are determined and it is indicated that the use of CALS technologies allows the organization to improve processes during the business process or product cycle, reduce the timing of the business process and reduce the cost of the business process.