What are the benefits of good financial management?

Question

Soliman Abd ALmalak Gendy · Answer

We are indeed to collect and analyzing data for running a business in a way as wanted as well as making good financial decisions.

Mohammed El Tahir Mohammed Yousif · Answer

Good financial management will help your organisation to:

make effective and efficient use of resources

achieve objectives and fulfil commitments to stakeholders

become more accountable to donors and other stakeholders

gain the respect and confidence of funding agencies, partners and beneficiaries

gain advantage in competition for increasingly scarce resources

prepare for long-term financial sustainability.