Money is an essential ingredient in the health, vitality, and growth of any business. Smart financial management and cost-saving techniques will ensure your business continues to grow, even in a tight economy, and can provide your company with a vital strategic edge.
Financial management a specialised and effective role that is directly associated with the top management of any organisation. These individuals are resourceful and effective fiscal (monetary) management of the business in order to reach their goals and aspirations.
Financial management involves:
- Directing, and
- Control of all financial activities within a business.