Financial managers plan, direct and coordinate the financial operations of an enterprise or organization, in consultation with senior managers

and with managers of other departments or sections, or of enterprises that provide financial services to other enterprises and organisations; (ILO, 2018)

RISK PROBABILITY BASED ON THE SEMINAL FREY AND OSBORNE STUDY

Professional Group characteristics and similar occupations

Minor Group 121

Business Services and Administration Managers

Business services and administration manager’s plan, organize, direct, control and coordinate the financial, administrative, human resource, policy and planning activities of organizations, or of enterprises that provide such services to other enterprises and organizations (ILO, 2018)

  • Financial controller;
  • Budget analyst;
  • Finance Manager;
  • Management accountant
  •  Finance Managers
  •  Human Resource Managers
  • Policy and Planning Managers
  •  Business Services and Administration Managers Not Elsewhere Classified

Background Information

FMs: Machine Learning in the Financial industry has exploded over the last 15 years with the creation of better and cheaper hardware, the evolution of software, cloud computing and wide adoption of the internet.

Bas: One of the key benefits of the Internet of Things (IoT) with its integrated machines is that it creates a centralized base of operations where data for all operations within a company are stored, managed and analysed. By automating the financial and budgetary aspects of companies, it gives greater insight to the overall manager on how the company is performing, immediate and current situation analysis with security and immediacy.

Case Examples

One of the primary sectors that will be affected by AI robots is the statistical industry. It is true computers and software will be capable of completing budgetary calculations and statistical analysis at a far quicker pace than humans.

Multiview is a financial management solution that includes financial reporting and analytics, general ledger with budgeting, accounts receivable, accounts payable, POs with requisitions, as well as inventory, order entry with invoicing and fixed assets. Alerts with dashboards, WorkFlow, Imaging and ViewSource360 allow end users to monitor and control processes within the company.

In addition to financials, Multiview also offers a reporting and analytics environment with the ViewPoint tool.


Sources

Categories: Skill Level 4