Financial Management is a fundamental pillar because it allows us to administer and manage resources, with the objective of guaranteeing that they will be sufficient to cover expenses and that the company will continue to operate in the most profitable way possible.
Companies grow or decline, often not because their model is the most successful, but because cash flow allows them to take advantage of opportunities or not.
The financial structure of a company is a formula that depends on factors such as: purchase payment terms, invoicing and collection period, the way to pay investments, the break-even point of expenses, the structure of withdrawals, payments to banks and above all the payroll, achieving a balance in this equation is the “art” of an efficient financial management that supported by a correct accounting allows anticipating the decision making process.