Financial Management System is the process of managing the financial activities of a business, like accounting, financial reporting, budgeting, account receivables / payables, risk management, investment and insurance management”
Financial management encompasses a number of crucial areas of a business. It helps:
> Drive company performance by efficiently handling a multitude of daily transactions.
> Sharing valuable information hidden in transactional data.
> Adapting processes smoothly as business conditions and regulatory environments keep changing.