Role of Finance within Business
Finance is the lifeblood of business without which it will starve and die. Finance provides opportunities and allows business to employ local workers, strategic use of financial instruments and to take advantage of opportunities for growth and maximization. The various roles of finance within business discussed in the Finance Assignment Help are given below: - · Cash Management- Financial managers must make sure the business has enough liquidity to pay its employee and suppliers on time. If a sufficient amount of cash is not available, then the finance people will follow procedures to make use of the firm’s bank line of credit. · Budgeting and strategic planning- budgeting and strategic planning form the basis for marketing campaigns, capital spending, raising capital, hiring employees, etc. · Profit planning- we know that the basis of each and every business is to make a profit. And, finance plays a major role in finding different ways to