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This question is about what a finance manager does.
What is strategic finance?
Strategic finance is the process of translating operational information and data from a business' wide variety of departments into optimal financial insights in real time. Currently, many businesses, especially start-ups concerned with growth, are using strategic finance to support long-term growth and company objectives and goals.
Strategic finance relies heavily on technology and data sets. It is a clear shift from the past practices of business strategies that relied more upon gut forecasting and individual intuition. When using data businesses can accurately predict specific trends and seek to capitalize on different markets, and also optimize their organizational elements and functions.
Strategic finance boats these highly valuable features:
United data from all areas of an organization's business
Forward-looking and forward-thinking insights based on real-time data
The connection of platforms that act as intelligent building blocks for various types of financial models
The ability to increase speed and efficiency concerning business decision-making
The organizing and packaging of financial data in a manner in which all departments within a specific organization can understand
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