function and importance of finance company
Full Text. The Importance of Finance. Finance involves the evaluation, disclosure, and management of economic activity and is crucial to the successful and efficient operation of firms and markets. Managerial Finance. Managerial finance concerns itself with the managerial significance of finance. It is focused on assessment rather than technique.
The other role of the finance function is to process payroll and associated benefits in time and in tune with the regulatory requirements. Claims made by the employees with respect to medical, and transport allowances have to be processed by the finance function.