When selecting technological solutions for professionals and/or companies, it is important to know the range of programs available on the market. That is why we have compiled 10 of the best financial tools that companies can access:
Business cards , a great ally for managing payments, communicating with clients and controlling expenses.
Accounting software , a basic for all businesses. What comes in, what amounts go out, the possibility of making financial reports , how to save in the medium and long term to have cash reserves and generate assets, among other aspects.
Manage budgets : both a global budget for the entire company and for tackling new projects. This provides greater control over resources and a complete overview of the situation.
Payroll administration : another application that is among the most used because it automates something as necessary and recurring as preparing payrolls in organizations. It saves time, human resources and streamlines the dynamics of the human resources and/or administration department.
Billing system : software for companies to issue invoices and manage cash inflows and outflows, both invoices received for purchasing materials or stock, among others, and when they are issued to customers.
Project profitability and viability : This is another financial tool to consider, as it helps to assess whether it is time to launch certain products or services on the market or whether you want to norway whatsapp data undertake the internationalisation of a project. It automates some of the processes that are important to carry out before making a final decision.
Financing assessments : When it is considered necessary to resort to external financing, it is advisable to use developments specifically created so that a business can assess how much it could obtain and the cost - real and figurative - of that additional source of capital.
Investment evaluation : a step forward for those companies that want to grow but need to have an application that provides them with information about the panorama they could find when approaching certain investments.
Calculate working capital : another financial tool to consider, which can be found separately or as an application of one of the above. Working capital allows you to address debts that may arise in the short term and it is important that it is in line with the size of the organization.
Key financial indicators : these are the ratios that can help management or entrepreneurs to know whether their steps are going in the right direction or whether they need to recalculate. The truth that the figures reveal, the financial health of a project, is important to review with some regularity to avoid surprises that could lead to the early sinking of the ship.
These and other financial tools for expense control and other purposes are essential in business management and administration . Therefore, those professionals who want to continue developing their professional career in this field need to be aware of the latest developments and applications for such purposes. At EAE Business School Barcelona, special emphasis is placed on all of this in the Master in Finance or Master in Financial Management that enrolled students take. Those who want to advance in the field of economics must keep in mind the importance of retraining and improving their training with training proposals as specialized as this one.