What Is A Financial Management System?
Designed for creating, connecting, storing, and reporting many different types of finance transactions, a financial management system ultimately has one core purpose: counting money.
Quite simply, without some kind of accounting software, an organization would not survive. At the most basic level, every organization needs systems to manage the flow of money in and out of the business. But a truly effective financial management system can do more: optimize profitability, measure cash flow, determine tax obligations, ensure compliance, and maintain long-term enterprise sustainability.