OPTIMIZATION OF ACCOUNTS PAYABLE IN THE CURRENT ASSETS MANAGEMENT SYSTEM AS A FACTOR OF SUSTAINABLE DEVELOPMENT ECONOMIC ENTITIES

The article analyzes the effectiveness of managing the current assets of an energy supplying enterprise, the results of which served as the basis for developing an organizational management mechanism and maintaining an optimal level of current assets. Causal relationships between the level of financial stability and solvency of the enterprise and the effectiveness of the current asset management system in an unstable internal and external environment, when an objective assessment of the financial condition of the enterprise is of primary importance, are revealed. A characteristic feature of resource-supplying organizations is that they have a significant amount of receivables, therefore, enterprises in this industry need to improve their approaches, management tools, and maintain an optimal level of receivables. The proposed organizational mechanism for maintaining the optimal size of receivables allows to solve the following main tasks: centralization of functions to maintain the optimal level of receivables in one unit; the exclusion of double entry of information and duplication of functions by business units in the management of receivables; a clear distribution of responsibility for making decisions on maintaining the optimal level of receivables; organization of end-to-end receivables management, through the formation and regulation of relations between units involved in the process of receivables management; the formation of an effective employee motivation system. This mechanism will not only improve the process of managing the working capital of companies, but also increase the effectiveness of activities in the field of managing the organization as a whole, as it is based on the ideology of the process approach to managing the organization, taking into account the need for full internal integration and coordination interaction of units in the management of current assets as a necessary condition for the successful functioning of the organization in modern conditions.

current assets, financial condition, receivables, operating cycle, settlements with customers and customers, process management, solvency, financial stability, payment discipline, receivables management.

Sarunova M. P., Vankaeva A. A., Lavysov D. U., Antonov L. V. Optimization of accounts payable in the current assets management system as a factor of sustainable development economic entities. Business. Education. Law, 2020, no. 2, pp. 149–153. DOI: 10.25683/VOLBI.2020.51.233.