Enterprise Financial Management (EFM) is a structured approach to managing the financial resources of an organization. It involves ensuring that all financial activities are conducted efficiently and effectively, with a focus on improving long-term performance. EFM encompasses all financial transactions conducted within an enterprise, from budgeting and forecasting to cost management and financial reporting. With EFM, organizations gain a clearer view of their financial situation and can make informed decisions about their financial strategies. By adopting EFM, businesses can maximize efficiency and profitability, resulting in sustained competitive advantage.