Financial Services

The Finance Department manages company’s long-term and day-to-day monetary operations and strategy. Finance teams oversee incoming and outgoing payments, budget creation, cash flow management, accounting, financial reporting and many other tasks related to the finances of the company.

Other functions include:

1. Ensuring that all company obligations are paid in full and on time; process invoices, issue checks and manage relationships with creditors.
2. Collecting payments from customers or clients for services provided or rendered
3. maintaining company’s books and ensuring that all business transactions are properly recorded and managed.
4. Budgeting and Forecasting – responsible for producing and assessing a company’s budget by calculating the variance between planned and actual costs. They also forecast the revenue and expenses of certain groups or functions, allowing budget ‘owners’ to plan and prioritize spending.
5. Monitoring and auditing all employee-initiated expenses, including travel, lodging, entertainment and food etc
6. Managing and planning all tax-related expenses; ensures that all tax payments are in compliance with government’s requirements to avoid interest fees or penalties.
7. Manages company’s assets to maximize liquidity and reduce risk; ensuring that the company has a steady cash flow and for securing any funding that may be needed.