Finance management is the process of managing the financial activities of a business. It includes the planning, organizing, directing and controlling of financial activities such as investment, financing, and budgeting. This includes developing policies for cash management, ensuring compliance with applicable federal, state, and local laws and regulations, and providing training and guidance to employees on matters related to finance management. It also involves working with external advisors such as auditors, lawyers and bankers. Various software tools and systems can be used to help with finance management, but it is important to remember that the success of any financial activity depends on the planning and execution of those activities.
Loading...