Financial Management Challenges in Enterprises Employing Remote and Hybrid Workforces

Michał Ćwiąkała, Gabriela Wojak, Dariusz Baran, Ernest Górka, Bartłomiej Bartnik, Waldemar Gajda and Ryszard Ratajski

EconStor Open Access Articles and Book Chapters, 2025, vol. 28, issue 4, 595-615

Abstract: Purpose: This paper explores financial management challenges in companies with remote and hybrid workforces. It examines how flexible work models affect budgeting, reporting, and transparency. The study aims to identify key factors that influence efficiency in distributed environments. Design/methodology/approach: A quantitative survey was conducted among managers, HR staff, and finance professionals with experience in remote or hybrid work. The questionnaire gathered data on digital tool usage, communication, and financial process effectiveness. Responses were analyzed to assess the impact of work models on financial outcomes. Findings: Remote and hybrid work improve budget control and financial transparency due to digital tools like ERP systems. Forecasting and communication across departments remain major challenges. Respondents also reported lower stress and better work–life balance in flexible work settings. Practical recommendations: Organizations should strengthen digital infrastructure and use advanced analytics for better financial forecasting. Clear communication strategies and employee well-being support are crucial. Remote models require secure systems and accessible documentation to ensure efficiency. Originality/value: This is one of the first empirical studies on financial management in remote and hybrid settings. It offers data-driven insights into budgeting, reporting, and employee outcomes. The findings support strategic decision-making for managers navigating flexible work environments.

Keywords: Remote work; Hybrid work; Financial processes; ERP systems; Organizational efficiency (search for similar items in EconPapers)
JEL-codes: L21 M15 M41 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:espost:338636

DOI: 10.35808/ersj/4132

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