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Broadly speaking, the process of financial management takes place at two levels. At the individual level, financial management involves tailoring expenses according to the financial resources of an individual. Individuals with surplus cash or access to funding invest their money to make up for the impact of taxation and inflation. Else, they spend it on discretionary items. They need to be able to take the financial decisions that are intended to benefit them in the long run and help them achieve their financial goals.

Managing
this movement of funds in relation to the budget is essential for a business.

At the corporate level, the main aim of the process of managing finances is to achieve the various goals a company sets at a given point of time. Businesses also seek to generate substantial amounts of profits, following a particular set of financial processes.

Financial managers aim to boost the levels of resources at their disposal. Besides, they control the functioning on money put in by external investors. Providing investors with sufficient amount of returns on their investments is one of the goals that every company tries to achieve. Efficient financial management ensures that this becomes possible.

The OECD (Organisation for Economic Cooperation and Development) is carrying out the project "Strenghten Financial Management Capacity of Local Level Actors in the Water Supply and Sanitation Actors".

The overall goal of this project is to help selected EECCA countries to improve the quality and effectiveness of municipal water sector services delivered to their population. This will be achieved by strenghtening the operational and financial sustainability of water utilities.

This is a dedicated website to provide general information about the project and the available tools. Furthermore, for the selected participants in the trainings and workshops this homepage offers a login to download all available training material.
This project is carried out by a consortium led by Kommunalkredit Public Consulting GmbH, Austria.