The Heart of the Operation
As the “heart of the operation”, the Finance department gathers and coordinates all financial information, ranging from vendor A/P invoices, A/R client invoices, cash flow projections, and profit and loss information. Especially in today’s economic climate, all of these areas are critical to keeping the relocation company operational. In order to fund the operation, the relocation company needs to generate cash from client invoices, while simultaneously paying vendors to provide services to the company and the transferees. The cash flow projections, along with profit and loss information, provide key stakeholders important data on the health of the company, so they can make informed decisions on their growth. These behind-the-scenes roles that finance departments perform within the relocation company help other departments fulfill the needs and provide the quality services that all customers expect.Capital’s customers expect accurate and timely invoicing and it’s the finance department’s responsibility to ensure this happens. Future blogs will focus on the many different ways that Capital’s finance department staff provides crucial support to our clients and their relocating employees. jtorres@caprelo.comJoe Torres