Definition:
Controlling or managing the financial resources in an organization or enterprise is called financial management system. Planning, directing, controlling, organizing the financial needs i.e. processing the company funds in the right way is the financial management.
We have to consider 3 elements in this system, i.e. investment decisions, financial decisions, dividend decisions. By using the ERPORGAN finance management system you can organize these at one place. You can see all the decisions taken by finance management, though that you can easily understand the investments and profits what your company getting.
Controlling or managing the financial resources in an organization or enterprise is called financial management system. Planning, directing, controlling, organizing the financial needs i.e. processing the company funds in the right way is the financial management.
We have to consider 3 elements in this system, i.e. investment decisions, financial decisions, dividend decisions. By using the ERPORGAN finance management system you can organize these at one place. You can see all the decisions taken by finance management, though that you can easily understand the investments and profits what your company getting.
Functions:
Money Management: Taking decision or managing regarding money like salaries, water and electricity payments and etc related to the cash payments from the company.
Removal of unwanted source: By using the ERPORGAN You can easily identify the unwanted sources to be removed.
Investment:
Here he (Finance Manager) has to decide to assign funds into commercial projects so that organization will get returns.
By using the ERPORGAN you can view all the above in one integrated application, you can view how much invested, net profit, employee salaries, determination of capital composition and more.
In any organization software play important role in the resource management only if you had an excellent financial management system to handle all the related issues delicately.
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