Managing a business through finance is one of the most crucial aspects of any organization. It is important to make sure that the financial resources are utilized in the best possible way to ensure the success and growth of the business. The management of finances is a multi-step process that encompasses budgeting, forecasting, financial analysis, and decision-making…
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Business process management (BPM) is a discipline that employs a variety of tools and techniques to model, implement, monitor, and improve business processes. In order to create business outcomes in support of a business strategy, a business process coordinates the behavior of people, systems, information, and things.
BPM focuses on establishing a standardized…
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The term Chief Financial Officer (CFO) is a senior executive responsible for managing the financial operations of a company. The CFO’s duties include tracking cash flow and financial planning as well as analyzing the company’s financial strengths and weaknesses and suggesting improvements. The role of a CFO is similar to a treasurer or controller…
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Working capital management is a business strategy planned to ensure the best utilization of a business’s current assets and liabilities for the company’s effective operation and to maintain sufficient cash flow to meet future short-term goals. Working capital management refers to the set of activities that make sure the company got sufficient resources for day-to-day operations. If a company has sufficient…
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