Financial Data Management
Financial data management is the process of maintaining financial information, generating accurate reports, and staying in compliance with industry standards, generally through the use of advanced software.
What Small and Midsize Businesses Need to Know About Financial Data Management
All companies need financial data management tools and processes to stay current with their informational needs and reporting duties. These tools include analytics and reporting features. Federal and state regulations are often difficult to navigate, especially when they concern finances. These tools help companies stay compliant with regulations. They also allow businesses to measure income, expenses, and profit/loss margins.
Related terms
- Tokenization
- ROIT (Return on Information Technology)
- SAC (Subscriber Acquisition Cost)
- Energy Trading and Risk Management (ETRM)
- Chief Revenue Officer (CRO)
- Core Banking System
- Record to Report (R2R)
- Fintech
- Financial Management System (FMS)
- Business Capability Modeling
- Capital Allocation
- Compound Annual Growth Rate (CAGR)
- Net Present Value
- Hedge Fund
- Gateway
- Selling General and Administrative (SG&A) Expenses
- ROE (Return on Equity)
- Financial Planning and Analysis (FP&A)
- Dollar-Cost Averaging (DCA)
- Procure-to-pay Solution
