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The phrase "financially effective" is correct and usable in written English.
It can be used to describe something that achieves good financial results or is efficient in terms of cost.
Example: "The new marketing strategy proved to be financially effective, resulting in a significant increase in sales."
Alternatives: "cost-effective" or "economically viable."
Exact(5)
He said he would strive to provide "academic excellence in a financially effective way".
The reality is that for most older people, the most financially effective way of releasing equity will be to move to a smaller property or a cheaper part of the country.
One of the key advantages of PG for a charity is that when a donor's gift is matched 100% by their employer (currently only about 6% of employers with schemes do this) it is comfortably the most financially effective form of committed giving.
So while mergers are politically difficult, collaboration is financially effective.
These ships were financially effective for the duration of their lives, and their steam engines were able to generate a shaft-power of 19000 hp.
Similar(55)
Whether these incentives are financially efficient and socially effective remains an open question among educators and economists.
The owners accused Four Seasons of "failing, among other things, to operate the hotel in a financially efficient and cost-effective manner".
(53, midwife) Some participants considered that if financial incentives were shown to be financially more effective than existing strategies or where they were so concerned about the health effects, they would be willing to 'try anything': My gut instinct is incentives are wrong, but as you say we've got such an issue and we have to do something and whatever we end up doing.
On the other hand, mechanized firewood harvesting was financially less effective than traditional motor-manual operations.
This approach may also be both clinically and financially more effective.
These figures also exceed the level at which the programme is deemed to be financially cost effective [ 5].
More suggestions(17)
financially potent
physically effective
fiscally effective
financially influential
financially powerful
financially useful
partially effective
financially real
financially viable
environmentally effective
financially successful
financially active
funding effective
needs effective
species effective
affordable effective
funded effective
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com