Financial Control: Important Role of Amir Sohail Rammay as Finance Manager

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 managing of finance; however the goals of financial management can't be accomplished without the correct controlling of finance.
The significance of financial control is discussed below
·         Financial Discipline:
Financial control guarantees satisfactory financial discipline in an organization by effective utilization of assets and by keeping sufficient supervision on the inflow and outflow of resources.
·         Co-ordination of Activities
Financial control tries to accomplish the targets of an organization by coordinating the exercises of various bureaus of an organization.
·         Ensuring Fair Return:
Proper financial control builds the profit of the company, which ultimately expands the income per share.
·         Reduction in Wastages:
Sufficient financial control guarantees ideal use of resources without any wastage.
·         Creditworthiness:
Financial control keeps up an appropriate balance between debt collection period and the creditors’ installment period in this manner guaranteeing proper liquidity exists in a firm which expands the creditworthiness of the firm.

Managing finances is the core motive of all major businesses and the role of Amir Sohail Rammay as finance manager is important for the success of organization. He has concentrated expertise financial control & management.

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