Finance is considered to be the most important part of an organization. It is often referred to as the elixir which helps in the formation of new businesses, and enables businesses to take benefit of opportunities to nurture, appoint local workers and in turn help other businesses and local, federal and state government through the payment of income taxes. The tactical use of financial instruments, such as investments and loans, is vital for the accomplishment of each business.
Business finance is an imperative and predictable function in any business and well-organized financial management is vital for success and provisions as it includes the management of financial activities and financial resources of the organization. A team of accounting and finance professionals or the finance department usually handles it. There are quite a few courses for finance professionals that are accessible online to achieve a nuanced understanding of highly developed concepts in the areas of finance, and to keep themselves side by side of altering trends, legislation and mechanisms.
Arnon Dror ct has held many positions such as the VP of Finance within companies. As of now, he is working as VP Finance and Operations at Kornit Digital North America. He has extensive knowledge managing international business and a record of brilliance in integrating, restructuring, and managing businesses to exceed all revenue and performance targets. He has expertise and experience in several areas of finance such as
- Systems & Technology
- Finance & Strategy Planning
- Financial and Business Modeling
- Cash Flow Management
- Change Management
- International FP&A and Tax
- Complex Deal Structuring
- Internal Controls
- Turn Arounds & Mergers
- ERP Integration
- Supply Chain Optimization
Arnon Dror architect says that although a great product and a strong vision are the innermost needs of a business, one cannot just neglect to the significance of finance and its capable management. Businesses need finance in the form of working capital to meet set expenses for instance raw materials, remunerative payments, interest payments, inventory, etc. Appropriate quick-fix financial planning and maintenance of superior working capital flow is vital to keep the operations going. While maintaining sufficient cash flow is always significant, it is particularly significant in the starting stages as revenues will take some time to go with the cash outflows.
In fact it has already been proven that without proper financial management and finance even a recognized organization will not be able to discover newer markets or build up and test newer solutions and products. Finance is necessary for research and testing purposes in addition to for marketing and advertising purposes.
Hence, it can be said that the role of finance in business is to ensure there are sufficient funds to operate and that the business owner is spending and investing intelligently. The significance of business finance lies in its ability to keep a business functioning effortlessly without running out of cash while also safeguarding funds for longer-term investments.