Al Saif Group - Khalifa Al Saif

There are many businesses that face failure due to poor financial management.  An analysis by the well-known financial advisor, Amir Sohail Rammay , states that less than a half new businesses exist over 5 years. As expected, financial problems is the reason behind certain startups to fail. Financial hardship is often an outcome of poor financial management, yet can also be an indicator of other, largely in-depth issues, such as lack of market for the product or superior competitors. Better Financial Management in Business Competent financial management includes thorough records keeping as well as proper planning. As a business owner you require to manage your cashflow so that you can pay expenses such as you rent, utilities and payroll on time. For this, you require to expand your expense over the year and provide your clients or customers strict payment terms. Cashflow Problems and Invoice Financing Based on the company you work in, you may inquire you customers...

Practicing financial control is one of the vital roles of a finance manager. Financial control goes for planning, evaluation and coordination of financial activities with a specific end goal to accomplish the goal of the company. Thusly, this sort of control gives management, or others holding a high state of responsibility in the business or organisation, with enough valuable contentions and experiences enabling them to take choices that make sure the follow-up of any corporate goals proposed. Concept of Financial Control Financial control is concerned with the approaches and strategies surrounded by an organization for documenting, managing, evaluating and reporting financial transactions of the company. As such, financial control demonstrates those tools as well as methodologies assumed with regards to control its different financial matters. Importance of Financial Control Finance is imperative for any organization and financial management is the science that deals with...