What are the benefits of good financial management?

Question added by Mohammed El Tahir Mohammed Yousif , Finance Manager , Factory of Golden Block Company for Cement Products
Date Posted: 2017/09/07

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by Soliman Abd ALmalak Gendy , مدير ادارة مراقبة حسابات , الجهاز المركزى للمحاسبات

We are indeed to collect and analyzing data for running a business in a way as wanted as well as making good financial decisions.

by Mohammed El Tahir Mohammed Yousif , Finance Manager , Factory of Golden Block Company for Cement Products

Good financial management will help your organisation to:

make effective and efficient use of resources

achieve objectives and fulfil commitments to stakeholders

become more accountable to donors and other stakeholders

gain the respect and confidence of funding agencies, partners and beneficiaries

gain advantage in competition for increasingly scarce resources

prepare for long-term financial sustainability.

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