vioft2nntf2t|tblJournal|Abstract_paper|0xf4ff01ca32000000d1be130001000500 The financial management of startup companies is an important factor in ensuring their success. One approach to financial management of start-ups is to use an intelligent budget allocation framework that incorporates analytical decision-making. This framework involves the use of predictive algorithms to estimate the financial performance of the company based on the company’s current financial data, such as revenue and expenses. The framework also includes an optimization tool to determine the most cost-efficient path to achieving the desired financial goals. The aim is to allocate budget in a way that will maximize profit and minimize risk. This type of tool can help a startup company make informed decisions about its financial strategy. It can also help the company to prioritize projects and optimize investments in different areas such as research and development, marketing, and operations. This type of solution can ultimately enable a startup company to be more competitive and successful by optimizing its resources based on a comprehensive picture of its financial performance.
S. Nawin
Dr. N.G.P Institute of Technology, India
Financial, Management, Start-Up, Company, Budget, Maximize, Profit, Risk
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| Published By :
ICTACT
Published In :
ICTACT Journal on Management Studies
( Volume: 9 , Issue: 2 , Pages: 1745 - 1750 )
Date of Publication :
May 2023
Page Views :
316
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