Another key element of effective enterprise finance management is the optimization of production or service costs for businesses

Another key element of effective enterprise finance management is the optimization of production or service costs for businesses. Cost optimization at enterprises is an important factor in ensuring their economic sustainability. It is advisable to develop a strategy for minimizing costs at the enterprise. When pursuing a cost minimization strategy, businesses can gain a significant share of this type of product at a lower cost. The firm implementing this strategy must have a well-established production system, good supply chain, modern technology and engineering base, and a good distribution system. In addition, in order to achieve minimum costs, it is necessary to thoroughly analyze all areas related to product cost. In addition, it is important that you study the administration and sales costs and look for ways to reduce them. It is worth noting that the organization of financial management at the enterprises is a new area for our business, so it is important to analyze the international practice of financial management and determine the possibilities of their application in Uzbekistan. Effective organization of corporate finance plays an important role in the development of our economy. Because we can emphasize the economic potential of developed countries today and their interrelation with companies that are well-known in the world. In other words, the financial potential of the state is directly linked to the financial capacity of businesses operating in that country.

In general, the purpose of forming funds in an enterprise is not to accumulate funds and increase the number of funds at one level, but to use its own revenues and state budget as a result of the efficient and accurate use of the company's funds. increase in income.

It is more important in corporate finance that cash flows and receivables are more important, rather than the amount of cash or accounts receivable. We have considered this in the example of JSC "Uzdonmahsulot". The quicker the money can be, the less money it can produce in a given period of time, and the larger the cost. With so much money turning out to be slow, financing a production with a large amount of money can be difficult and even delay production for a certain period of time. In addition, the accounts receivable will increase and will result in additional fines and penalties for non-payment of taxes. This has a significant impact on the financial condition of the enterprise and on the state budget.

In view of the above, we have developed the following suggestions to improve the efficiency of corporate finance.

1. In order to further improve the economy of the country, corporate structures need to use effectively targeted funds, which ensure the continuity and continuity of use of funds in corporate structures.

2. Efficient corporate planning should focus on effective tax planning, which will result in an improvement in the financial position of businesses and, in the subsequent years, an increase in tax revenues through the expansion of the tax base.

3. It is advisable for businesses to adjust the cash flow as much as possible to the tax period. This means that as soon as the tax period expires, the company will be ready to pay the proceeds from the sale of its products. This should happen not long before the tax payment period. Only then will the company have no problem with taxes.

4. The link between the real sector and the financial sector needs to be strengthened to effectively establish the mechanism of corporate finance. The development of the financial market is of paramount importance.

Financial relationships that occur in corporate structures can be grouped in the following areas:

- among the founders;

- between individual enterprises;

- between enterprises and their subdivisions;

- between enterprises and their employees;

- between enterprises and higher organizations, between business entities within financial and industrial groups, between business entities in the holding;

- between enterprises and public finance system;

- between enterprises and the banking system;

- between enterprises and insurance companies;

- between enterprises and stock exchanges;

- between enterprises and investment institutions.

Corporate finance is a set of economic relationships that arise from the formation, distribution and use of cash in the business of an enterprise. Corporate finance is a core business. Corporate finance is directly involved in the sources of financial resources, gross social product, and material production, where national income is generated.

Entrepreneurship enters into a financial relationship through the formation of monetary benefits: Supplier - in the purchase of services and material values ​​necessary for its activities; contractors - construction, repair and other payments; buyers - in sales and service delivery; budget - taxes, deductions and other payments; banks - loans, savings, payments for account transactions; workers and employees - salaries and other accounts.

Funds in enterprises are the basis for the organization of enterprise finance. This is because there is a need for enterprise finance only when there is money available. To achieve its stated purpose, corporate finance generates, distributes and utilizes monetary funds. The enterprise forms various funds for the purpose of effective use of funds. Each fund has its own goals and objectives. Provides businesses with the funds they need to create their own funds and expands their reproduction; focuses on cash flow movement continuity; - Financing of scientific and technical process; mastering and introducing new techniques; economic stimulation of subjects; carries out settlements with the budget, bank and so on.