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Introduction

Financial management sees the objective of teaching financial management to be to help


managers and potential managers to make sensible investment and financing decisions.
Acknowledges that financial theory teaches that investment and financing decisions should be
based on cash flow and risk. Provides information on payback period; return on capital
employed, earnings per share effect, working capital, profit planning, standard costing, financial
statement planning and ratio analysis. Seeks to combine the practical rules of thumb of the
traditionalists with the ideas of the financial theorists to form a balanced approach to practical
financial management for MBA students, financial managers and undergraduates.

Meaning
Financial management focuses on ratios, equities and debts. It is useful for portfolio
management,distribution of dividend,capital raising,hedging and looking after fluctuations in
foreign currency and product cycles.Financial managers are the people who will do research and
based on the research, decide what sort of capital to obtain in order to fund the company's
assets as well as maximizing the value of the firm for all the stakeholders. It also refers to the
efficient and effective management of money (funds) in such a manner as to accomplish the
objectives of the organization. It is the specialized function directly associated with the top
management. The significance of this function is not seen in the 'Line' but also in the capacity of
the 'Staff' in overall of a company. It has been defined differently by different experts in the
field.

The term typically applies to an organization or company's financial strategy, while personal
finance or financial life management refers to an individual's management strategy. It includes
how to raise the capital and how to allocate capital, i.e. capital budgeting. Not only for long
term budgeting, but also how to allocate the short term resources like current liabilities. It also
deals with the dividend policies of the share holders.

Features
1- Management of general accounting procedures:

Financial Management System is software that manages all accounting procedures of the
business such as cash flow management, general ledger, expense, payments, and purchasing. It
efficiently manages all financial administrative processes.

2- Management of expense:
The financial management system of SolutionDots Systems manages the expense of
organization into the form of documentation, it contains all information regarding the
expenditure requirements, necessities, and funds etc.

3- Manage the budget:

It helps in the management of budget control. It keeps the record of all financial statements that
help in knowing about the current budget of the organization and also helps in making decisions
to control the budget efficiently.

4- Efficient management of time and work:

Financial management system helps in the management of time and work efficiently. It allows
managing more work in less time efficiently.

5- Advanced reporting:

Financial management system has an ability to generate reports such as profit and loss
statements, balance sheet, and other financial statements rapidly. It allows the user to
customize reports according to their demand and requirement.

6- Ensure data security:

Financial management system developed by SolutionDots System ensures its access to the only
authorized user. We understand that accounts data is important as well as confidential
therefore financial management system keeps it secure from unauthorized person.

7- Reduced the paperwork:

Financial management system maintains and updates all records and invoices automatically,
online record management reduces the paperwork. Now there is no need to update and
maintain manual records.

8- Complete Audit:

Financial management system maintains and updates the accurate and complete audit of the
organization.

9- Data Integrity:

Financial management system ensures data consistency and accuracy in all records updated by
different departments. Conclusion:
SolutionDots Systems has developed an excellent solution for accounting problem in the form of
the Financial Management System. It allows business and clients to get an advantage with
different tools and technology. It makes it easy to check and increase the progress of business
on a daily basis. It maximizes customer satisfaction and minimizes human efforts.

The team of SolutionDots Systems understands the market competition and their financial
management system comes up to the market requirements and strategies. It allows the
management to takes an accurate and immediate decision with the access to correct data
availability. It helps in increasing the professional strength of accounts and finance department
of the business.

Objectives
Objectives of Financial Management

The financial management is generally concerned with procurement, allocation and control of
financial resources of a concern. The objectives can be-

To ensure regular and adequate supply of funds to the concern.

To ensure adequate returns to the shareholders which will depend upon the earning capacity,
market price of the share, expectations of the shareholders.

To ensure optimum funds utilization. Once the funds are procured, they should be utilized in
maximum possible way at least cost.

To ensure safety on investment, i.e, funds should be invested in safe ventures so that adequate
rate of return can be achieved.

To plan a sound capital structure-There should be sound and fair composition of capital so that
a balance is maintained between debt and equity capital.