Management of financial operations, business deals and budgeting is managing all aspects of budgeting, reporting, and forecasting. This includes recording and analyzing daily transactions to perform the financial close each month and compare actual expenses to budgeted amounts, and ensuring compliance with tax and auditing requirements. Additionally, it involves developing policies for evaluating creditworthiness, invoicing customers regularly and collecting on time to manage accounts receivable. On a larger scale the financial management process helps leaders gain insight into the current performance of their business to help them plan for future investments and build strong companies.

Financial operations management aims to move cash efficiently through a company starting with the purchase of raw materials and other goods for sale to customers to balancing accounts payable by paying vendors and paying outstanding invoices. It’s a complicated process that requires the right systems to manage. Tom dispels technical terminology to help businesses understand how technology can be utilized to increase efficiency and profit. He worked as a freelance writer and film critic in Melbourne and Berlin.

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