SUBSTANTIATING THE USE OF AUTOMATED PLATFORMS FOR CASH FLOW MANAGEMENT AT SMALL AND MEDIUM-SIZED BUSINESSES PDF Free Download

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SUBSTANTIATING THE USE OF AUTOMATED PLATFORMS FOR CASH FLOW MANAGEMENT AT SMALL AND MEDIUM-SIZED BUSINESSES PDF Free Download

SUBSTANTIATING THE USE OF AUTOMATED PLATFORMS FOR CASH FLOW MANAGEMENT AT SMALL AND MEDIUM-SIZED BUSINESSES PDF free Download. Think more deeply and widely.

Transfer of technologies: industry, energy, nanotechnology

1. Introduction





trend but also an effective tool for ensuring a high level of

-

-





-

-







-



The reverse statistics are demonstrated by the indicators of

the level of digital intensity of small and medium-sized busi-

How to Cite: Aleksieienko, I., Baranova, V., Trokhymets, O., Bukreieva, D., Viunyk, O. (2025).

Substantiating the use of automated platforms for cash flow management at small and medi-

um-sized businesses. Eastern-European Journal of Enterprise Technologies, 5 (13 (137)), 17–28.

https://doi.org/10.15587/1729-4061.2025.340562

SUBSTANTIATING THE

USE OF AUTOMATED

PLATFORMS FOR CASH FLOW

MANAGEMENT AT SMALL AND

MEDIUM-SIZED BUSINESSES

Inna Aleksieienko

Corresponding author

PhD, Assosiate Professor

Department of Finance and Credit

Simon Kuznets Kharkiv National University of Economics

Nauky ave., 9-A, Kharkiv, Ukraine, 61165

E-mail: inna01alekseenko@gmail.com

Valeriia Baranova

Doctor of Economic Sciences, Professor

Department of Banking Business and Financial Technologies

Education and Research Institute “Karazin Banking Institute”*

Olena Trokhymets

Doctor of Economic Sciences, Professor

Department of International Economics and World Economy*

Department Management and Marketing

Katowice Business University

(Akademia Górnośląska im. Wojciecha Korfantego w Katowicach)

Harcerzy Września 1939 str., 3, Katowice, Poland, 40-659

Daria Bukreieva

PhD, Associate Professor, Vice-Rector for Perspective Development

Department of Economic Analysis and Finance

Dnipro University of Technology

Dmytra Yavornytskoho ave., 19, Dnipro, Ukraine, 49005

Olha Viunyk

PhD, Professor

Department of Economics, Management and Commercial Activities

Central Ukrainian National Technical University

Universytetskyi ave., 8, Kropyvnytskyi, Ukraine, 25006

*V. N. Karazin Kharkiv National University

Svobody sq., 4, Kharkiv, Ukraine, 61022

This study considers cash flow man-

agement processes at small and medi-

um-sized businesses in the context of digi-

talization. The subject of the study is a set

of digital solutions that enable the opti-

mization of cash flow management pro-

cesses by enterprises. The task addressed

relates to the economic feasibility of using

automated cash flow management plat-

forms for small and medium-sized busi-

nesses. To this end, the work identified the

features of existing financial accounting

tools and analytical cash flow manage-

ment platforms.

An example of using the Finmap

online platform proves the advantages of

visualizing financial information, which

is easily perceived even by non-finan-

cial specialists. Automation of transac-

tion accounting makes it possible to mini-

mize manual labor and errors by 90% and

allows business owners to receive struc-

tured information about the financial

results of their activities and cash flow.

The time required to analyze a company’s

financial condition and make decisions

is reduced by 50% through quick access to

key metrics and their visual display.

The prospects and feasibility of

implementing digital solutions in cash

flow management have been proven by

modeling and simulation using Bizagi

Modeler software. This tool made it pos-

sible not only to reflect the optimized

cash flow management process using

automated tools but also, by analyz-

ing metrics, to quantitatively assess the

minimization of process execution time

and resource utilization. In the practical

domain, this is an effective tool for sub-

stantiating a management decision on

the feasibility of using digital solutions,

with elements of training business own-

ers and staff on their integration into

operational activities

Keywords: cash flow management,

small and medium-sized businesses,

BPMN modeling, automated financial

systems, SME digital transformation





Received 02.07.2025

Received in revised form 09.09.2025

Accepted 16.09.2025

Published 29.10.2025

Eastern-European Journal of Enterprise Technologies ISSN-L 1729-3774; E-ISSN 1729-4061 5/13 ( 137 ) 2025





   





        

-

-





-



        

       

medium-sized businesses are increasingly focused on short-

       

       



-

 







A selective analysis, highlighting of barriers and incentives

        

  

The results of the digital transformation of small and medi-

      

        -

      



-







        



   

       





        

businesses face financial difficulties because of ineffective

         -

       -

cesses, accounting, and data analysis, control over financial

-

cient use of resources, loss of customers, and delays in the







       

       







      

-





 -

        

        

     

highlights the need to substantiate those that most effectively



2. Literature review and problem statement

The authors of [2, 3], based on a multidimensional analy-

-



       

          



-

-



-



   



-

-





-



       



their large number and variety of business needs create ob-





        

-

-





-

 

        

   





 





         -

  



chosen to investigate these digitalization indicators and their



      



        

the effectiveness of using artificial intelligence in managing



-



        



      

-



      



conclusions on the effectiveness, accessibility and necessity

Transfer of technologies: industry, energy, nanotechnology





to test numerous artificial intelligence tools and justify them





       

   







  

not limited to the use of a single infrastructure and therefore

involves the injection of significant investments in digital tech-

-





     







-







        

-





       

      

describes in reasonable detail the financial results of using dig-





modeling contributes to the integration of detailed information



         





-

       



-



uncertainty for small and medium-sized businesses, using

       

automation that the effectiveness and validity of decisions

-







       

       

       

-





  

        -

    -

tifies the choice of financial management automation tools



-



-

       

        

      

      -

         

         





-

 

-

-

      

-





        



Therefore, there are reasons to believe that it is advisable

to conduct a study aimed at substantiating the selection and



-



        

       

       -



        



        



3. The aim and objectives of the study

          

       



-

        





-



      -





      



        



4. Methods and materials

         -





     -



       



        



Eastern-European Journal of Enterprise Technologies ISSN-L 1729-3774; E-ISSN 1729-4061 5/13 ( 137 ) 2025

financial transactions, efficiency of management decisions and

-







 











 -





      -

       



       -

        

-

      



      



-



     



       

     

-

         

      -

        

        -

       



-

    

      



-





-





        -







-



conduct scenario modeling of resource utilization in the absence



5. Results of implementing and applying digital solutions

in the cash flow management system of enterprises

5. 1. Identifying features of existing platforms for

automating business cash flow management processes

-

-







resist training and using various interfaces and functionality,



Therefore, although the availability of a choice of digital tools is

 

-







       -

-



     

     

     -

tions), and analytical data (historical, trends) are critically

-



        



by subjective factors, namely errors or loss of data during

      





-



-

     



       

      

   -



         

financial management tools for small and medium-sized busi-

        

-

-

counting and management accounting is most often conducted

      



          



       

        



-





-

     





-



services that are configured to each other, have a common





       

     -

-



Transfer of technologies: industry, energy, nanotechnology

Fig. 1. Benefits of automating cash flow management processes for small and medium-sized businesses

Benefits of automating cash

flow management processes for

small and medium-sized

businesses

Centralization of all financial

information in one place

Automatic data collection

and processing,

minimizing manual labor

and errors

Data visualization in a

convenient format

Possibilities for forecasting

future cash flows

Provision of structured reports

for analysis

Improved control over accounts

receivable and payable

Ensuring shared access to financial

information

Table 1

Comparative analysis of business cash flow management process automation platforms

ODOO, SAGE, QUICKBOOKS ONLINE [17–19]

Characteristics 

  

   

The main focus 





 

Target audience 

functions  

Key features



-

cal accounting





calculations

-



management

-

culty



of modules)



 

 -

ty ones  

  -

 

Advantages for

  

accounting 



   

Table 2

Comparative analysis of business cash flow management process automation platforms XERO, ZOHO BOOKS, FINMAP [20–22]

Characteristics 

  

   

The main focus 

control, accounting









Target audience Small and medium business 

business

-

-



Key features





management, integrations

Accounting automation, online

-



inventory control









   

   



 

  



-

gration, collaboration, mobile



-



ecosystem, convenient interface











-





business



focus on management accounting

Eastern-European Journal of Enterprise Technologies ISSN-L 1729-3774; E-ISSN 1729-4061 5/13 ( 137 ) 2025

-

tation of digital solutions by small and medium-sized busi-

-





-







        -

-





         

















Therefore, the choice of digital solutions for small and

      -

-



-



    

      



        









5. 2. Advantages of automating cash flow manage-

ment processes using an application platform

-







-

-











        -

     

    



-

    

       





of all financial transactions, giving

     



 -

resents data in the form of under-

    

   

    -





   -

   



   

   

   

-

   





-

-



     

   

     

-





   

       









        



-

         

-



Fig. 2. SWOT analysis of the benefits and risks of implementing digital cash flow

management solutions for small and medium-sized businesses

STRENGTHS WEAKNESSES

increased transparency and control

reduced manual operations and

errors

faster decision-making

improved financial planning and

forecasting

improved collaboration and

communication

improved regulatory and security

compliance

reduced operational costs

the need for initial investments in

the initial cost of implementation

the need for staff training

the complexity of integration with

existing systems

dependence on technology and

internet connection

cybersecurity risks

resistance to change from staff

limited functionality of some budget

solutions

OPPORTUNITIES THREATS

increased competitiveness

access to new sources of financing

business expansion and scaling

opportunities to use cloud and AI

technologies

improved relationships with

suppliers and customers

focus on strategic tasks



wrong choice of software



insufficient qualification of

personnel

dependence on external service

providers

competition from large enterprises

costs of support and updates

potential data loss

Transfer of technologies: industry, energy, nanotechnology

Fig. 3. Fragment of the “Payments” section at the Finmap platform

Fig. 4. Fragment of the “Analytics” section at the Finmap platform using the example of a cash flow report

Fig. 5. Fragment of the “Analytics” section at the Finmap platform using the example of a profit and loss statement

Eastern-European Journal of Enterprise Technologies ISSN-L 1729-3774; E-ISSN 1729-4061 5/13 ( 137 ) 2025

5. 3. Formalized model of automated cash flow

management at small and medium-sized businesses

        



a universal solution that uses standard modeling methods





       



       

      -

      





  

-



    



The diagram consists of four cases that consistently

-

      



      

-

        

Aggregated information is the basis for forecasting future





-

-



       -





        

      -

tions in the financial management at small and medi-

 



The first stage of the simulation analyzed resource

      -

       -

agement in the absence of automated data collection and



The simulation results simultaneously demonstrate the

-





        

-





          

         





The results of our simulation of determining the level of

resource utilization during automated management of cash





          

        



Fig. 6. Business process diagram of cash flow management by a business entity

with the introduction of automated systems

Transfer of technologies: industry, energy, nanotechnology



         

          -



      





-

-



Fig. 7. Results of scenario modeling of resource utilization in cash flow management in the absence of automation processes

(AS-IS model)

Fig. 8. Time allocation scenario for implementing four cash flow management cases

in the absence of automation processes (AS-IS model)

Eastern-European Journal of Enterprise Technologies ISSN-L 1729-3774; E-ISSN 1729-4061 5/13 ( 137 ) 2025

6. Discussion of results based on the implementation

and use of digital solutions in the cash flow

management system of enterprises

       



       -

       









Fig. 9. Time allocation scenario for the implementation of four cases of automated cash flow management (TO-BE model)

Fig. 10. Results of scenario modeling of resource utilization in automated cash flow management (TO-BE model)

Transfer of technologies: industry, energy, nanotechnology

         -

        



       -

        





      

       



and medium-sized businesses face financial difficulties due





-

ment tools for small and medium-sized businesses [13, 15] has

been solved by highlighting the functionality and characteristics





accounts eliminate the need for manual entry and therefore

        

-





     -

        

    

finance and are the basis for identifying reserves for scaling and

-





       















-









       

results of such a simulation demonstrated the economic effect





-







-



         





-

rity of small and medium-sized businesses and are engaged in



The research results are limited by their focus on certain



-









-





-

-





As areas of further research, it is advisable to consider the

-



      



   -



7. Conclusion

-



    



  



of their systematization, resolves the issue of not only the fea-





         

-





      

-







automatic transformation into clear and understandable tables

          





of analysis of the current financial condition of business entities,

 









       

-







 



       

       

-

         



-

-





Eastern-European Journal of Enterprise Technologies ISSN-L 1729-3774; E-ISSN 1729-4061 5/13 ( 137 ) 2025

       

      





-





Conflicts of interest

The authors declare that they have no conflicts of interest







Funding



Data availability



Use of artificial intelligence

-







 

 



       



 



 



 

   



 



 



 



            



        



 



 





                



 



                    



 

 

 

 

 

 

 

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SUBSTANTIATING THE USE OF AUTOMATED PLATFORMS FOR CASH FLOW MANAGEMENT AT SMALL AND MEDIUM-SIZED BUSINESSES PDF Free Download

SUBSTANTIATING THE USE OF AUTOMATED PLATFORMS FOR CASH FLOW MANAGEMENT AT SMALL AND MEDIUM-SIZED BUSINESSES PDF free Download. Think more deeply and widely.

Uploaded by tracyjoneswrites on 4/9/2026

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