Finance Financial Management is the practice of creating and managing financial systems that enable goal-oriented organizations to plan, save, monitor, and invest their resources for short-, mid-, and long-term success. It involves recognizing where the organization stands now and making sure it gets where it wants to go in the future. To do this, finance financial managers must apply sound accounting practices, strategic thinking, and decision-making processes. With wise financial management, an organization can realize its goals and stay on top of the game in any industry.