The application of the MICIL Model as a financial control tool for the optimization of resources.

The Venezuelan economy is going through a problematic situation, such as high inflation rates, acute levels of shortages, makes managers and administrators of companies experience a very dynamic situation, generating uncertainty when making any decisions, which affects the organization in all its aspects, in the financial, productive, administrative.

That is why the success of organizations depends on the control and monitoring of each and every one of their processes, whether productive or administrative, because in this way they manage to monitor the use of all resources, seeking fundamentally at all times to make a rational use of them.

Consequently, this approach is applicable to any type of organization, public or private, dedicated to agricultural production, processing or services, in short, any organization that intends to be successful, must have a good financial control model.

This context presents two different perspectives for Venezuelan companies, on the one hand the difficulties due to the increase in the prices of products, but also of raw materials and inputs. However, there is a positive aspect and it is the opportunity to undertake businesses that can meet the demand for products that are not being imported and that is where it is born.

From this perspective, the MICIL model, which is a tool such as the Latin American Integrated Internal Control Framework, becomes an indispensable and decisive ally for the management of companies and institutions, so that they can have control of financial processes as well as productive and administrative processes, in order to make an efficient management of resources.

This in turn will allow you to get the most out of each of them, especially in contexts where investments are booming and production cost controls have a constant variation, thus achieving the expected levels of efficiency.

To conclude it is very important that all companies that have the vision of expanding their markets can consider the evaluation and implementation of this tool as it will allow them to know about the new control models, and thus will not fall into a situation of losses, forcing its closure, therefore it is necessary to take steps to better control the processes, both financial, productive and administrative.