What is Financial Management?

Brought to you by NewGen, a customer-centric ERP consulting group with over 25-years of experience

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Financial management is the process of creating a budget that supports the long-term plans for a business and informs decisions on where and how to invest funds around things like hiring, paying suppliers, research and development and other important initiatives. Effective financial management helps a business operate more smoothly by boosting profitability, maintaining cash runway, improving customer retention rates and more.

What is Financial Management? – YouTube

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