• Pratiksha Karambe

Small businesses, the backbone of many economies, are inherently vulnerable to a multitude of financial risks. These risks—ranging from market fluctuations and credit defaults to operational disruptions and cyber threats—can have severe consequences, including business failure. While traditional risk management techniques have been employed, the rapid advancement of technology offers innovative tools to enhance financial risk management practices. This research delves into the potential of technological tools in mitigating financial risks for small businesses. By examining the adoption and effectiveness of these tools, this study aims to provide a comprehensive understanding of their role in improving financial decision-making, operational efficiency, and overall business resilience. Moreover, it highlights how such tools contribute to building a solid foundation for long-term sustainability, ensuring small businesses remain competitive in today’s fast-paced market environment.

Financial Risk Management, Small Businesses, Technology, Risk Mitigation, Digital Tools, Financial Decision-Making, Business Resilience

"Technological Tools for Financial Risk Management in Small Businesses", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.11, Issue 12, page no.169-177, December-2024, Available :http://www.jetir.org/papers/JETIRGQ06021.pdf

"Technological Tools for Financial Risk Management in Small Businesses", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.11, Issue 12, page no. pp169-177, December-2024, Available at : http://www.jetir.org/papers/JETIRGQ06021.pdf