Financials Management System
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A Financials Management System is a management support system that supports financial processes.
- Context:
- It can Manage Cash Flow through receivables, payables, and inventory management.
- It can provide Financial Reporting (to support compliance).
- It can provide intra-period financial reports to determine on a real-time basis how the business is performing.
- It can support Budget Management by providing timely financial information to department managers
- It can provide insight into the General Ledger and receive alerts on events that may impact Financial Health.
- See: Financials Management Application.