oboloo Glossary

Managing The Finance Function

oboloo Glossary

Managing The Finance Function

The finance function of a business is responsible for overseeing all financial operations, providing accurate data and insights to decision makers, and contributing to the overall profitability of the company. Managing the finance function involves staying abreast of regulations, trends and industry news to ensure that the organization’s financial performance is optimized; this includes managing the budget, forecasting returns, collecting receivables, paying bills, and monitoring cash flow. Additionally, managing the finance function also requires keeping up with technology updates to ensure efficient and secure use of existing systems. By leveraging key insights from financial data and ensuring compliance with relevant laws and regulations, an effective manager of the finance function can be a valuable asset to any business.