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@aduru
Yusafali Adukurussi Valiyaparambil suggests that you should be careful that your tight budget is not source of additional stress. Increase your financial income to ease some financial stress. You should find and pay the essential bills which can be eliminated. Saving is the most prominant thing.
Yusafali Adukurussi Valiyaparambil says, you must go through your financial budget and decide how much you can put extra towards your debt
You must go through your financial budget and decide how much you can put extra towards your debt. Refinance of debt is neccessary thing. Yusafali Adukurussi Valiyaparambil says, getting out of debt helps you to have more money to spend on things without worrying about interest payments.
Yusafali Adukurussi Valiyaparambil says, risk management includes the identification of the exposure to risk in finance of a business firm. There are many type of financial risks like market risk, credit risk, liquidity risk and operational risk. Managing the risk you must have proper amount of insurance at backend.
According to Yusafali Adukurussi Valiyaparambil, finance management is the practice of making a business plan and ensuring all departments stay on track. Finance management enables the finance officer to provide data to support long-range vision, makes plan on where to invest and yields insights.
Within total context of the company's decisions, the projections should be assembled says Yusafali Adukurussi Valiyaparambil
Yusafali Adukurussi Valiyaparambil suggests you to establish an emergency fund which will help you out if any damage or threat happens. You should determine your financial situation and go ahead according to a financial planning. This will help you for financial management.
Yusafali Adukurussi Valiyaparambil says cashflow management includes running regular creadit checks on clients and suppliers. If your business is making late or missed payments cash flow becomes important for your to improve. You should concentrate on improving the quality of your product and focus on brand loyalty with the clients. With good customer turnover you can have better cash flow in your business.
According to Yusafali Adukurussi Valiyaparambil, Borrowing money for your business offers a number of benefits and can improve the chances for your commercial success. It allows investment in more sales, creating more profit.
Yusafali Adukurussi Valiyaparambil says, ICT system allows your business in better decision making to store, process, analyze and share the large data. It enables managers and employees to make decisions quickly and on very acurate way to manage operations effectively. ICT system also increases the manufacturing productivity. It reduces set-up times and improve manufacturing accuracy so that employees spend less time on reworking. It also helps to improve customer service by offering them faster response to and higher standards of service.
ICT stands for Information and Communications Technology. Yusafali Adukurussi Valiyaparambil says ICT Systems have three following types: Information system which is focused on managing data and information Control system which mainly controls machine. Communications system includes transport of data