The titles ‘Controller’ and ‘Finance Manager’ both indicate a focus on financial matters, but the two roles are distinctly different. A Controller is responsible for collecting and interpreting financial data to make sure everything remains in line with company policies and legal regulations; in essence, they are keeping an eye on the company’s accounting accuracy and financial stability.
On the other hand, a Finance Manager is primarily concerned with creating and managing budgets and forecasting cash flow; their aim is to ensure that spending stays within budgetary limits. They must also analyze the numbers from various business operations to inform decisions and manage investments, while staying abreast of new trends in finance and rising economic conditions.
In short, a Controller keeps everybody honest, while a Finance Manager helps keep the company solvent.