So, what is financial management exactly? Financial management refers to the efficient and effective management of money (finances), with the aim of accomplishing the mission and objectives of an organisation over the long term, and in a manner that is sustainable and in compliance with the laws of the relevant land. It is a specialised function aimed at articulating and implementing a comprehensive financial plan, and one that is typically directly associated with a business's key executive management. An organisation typically employs a financial manager who is tasked with fulfilling the responsibilities embodied in this role.
Financial management strategies include how to raise and/or generate capital, and how to allocate that capital in service of the organisation's key business objectives. It involves not only business practices focused around long term budgeting, but additionally the strategies around the efficient and prudent allocation of capital over the short term. A financial manager also deals with the dividend policies of the shareholders.
SumTotal financial management services are ideally suited to SMME’s or smaller enterprises constrained by affordability. SumTotal Consulting offers outsourced financial management services that insert the necessary and valuable skills and expertise of a chartered accountant. We offer outsourced financial management services that insert the necessary and valuable skills and expertise of a CA(SA) into any business enterprise, regardless of and beyond the size of the professional partnership in terms of contracted hours only. We are committed to and skilled at ensuring that your business is equipped with the necessary financial insights and disciplines that promote its effective and efficient operation.
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