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It Finance Manager

When you are in reporting side to show all the soft reports that are developed with the help of some OLAP tools in the IT profession you will be really in trouble in explaining the chief finance officer about the metrics that are being defined in the reports for the purpose of analysis. To make easier in the regular jobs some also try learning the financial concepts of what would credit to an account and what should debit to an account. The account balances that are done by in debiting and crediting the accounts is really a tough job for an individual to handle IT finance manager in his company.

Is he different from you? Alternatively, does he have some horns on the head? Alternatively, does he eat you in his lunch or dinner? No. However, what is making you to feel him so different is the lack of knowledge you have in finance. Once you get a grip of finance, you feel it easy to explain your IT finance manager all the reports and their purpose what they reveal. What is happening with the revenue figures that are been generated with the orders placed for their products or services. All this will be just like a explaining a movie that you have seen in the morning provided you know the language of the movie, which is here the financial terms.

Then after listening what would your finance manager don he has to validate the set targets for the revenues in this month and see the gap that is prevailing for the month. If so, understand the roadblocks and help the company to be out of danger. If the company revenues are as per planned then he can further change the targets to let the growth move in positive direction. However, before setting any new targets he would discuss with the other departments like the promotions that can be applied in the marketing side to increase the sales for the company’s products.

Also apart from increasing the revenues by increasing the orders the IT finance manager can also think of expenses incurred and reduce them where ever possible by interacting with the low level executives on the cost patterns and understand the green IT to save the paper and the power through printing paper and many other options that are available in plenty in the cost cutting options. Ultimately, he plays a major role for the company growth. 

 

 

 

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Definition of the Day Long-Term Investor

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