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The role of financial manager

The role of financial managerThe role of financial manager is growing steadily due to the need for companies to be more competitive financially, which leads them to seek advice on financial professionals to achieve better economic performance and creating value in the organization.

It is said that the financial objective of maximizing the value of the company, which should focus on the main functions of the organization’s key financial, investment, financing and dividend decisions.

But the question is how financial statements and indicators are efficient in generating critical information for the organization?

You could say that while financial indicators are useful, they require the proper interpretation and application by the financier in order to obtain information that can be used in decision-making, and to use new financial tools such as global indicators that further complement the source of information and fail to take action in pursuit of economic growth in the company.

The global market should question the future financial manager on the important role it plays in business and the business environment as well as the need to anticipate events that may affect the economic stability of the organization, in the case of financial projections , the financier must calculate the cost may be an erroneous projection in their sales or lack of liquidity in the organization to cover its cash disbursements and some major tax changes, fiscal and monetary might divert completely the projection made, it is important the financial watch out for the global economy and determine how the company can be affected to the changes in international markets and the effects on exchange rates, inflation and interest rates.

An important objective is to finance the company as cheaply as possible, this being a challenge and commitment to the company seeking the best use of these resources and achieve economic value added, in case of financial investments the investment options must determine recoverable in the shortest time possible, measuring the risk and analyzing the opportunity costs to the project IRR is able to cover the TIO that investors have projected their participation in the company.

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