We all know that the financial transactions are the most important and most sensitive activities at any Corporation. All activities and functions are measured financially and the performance of the Corporations whatever their activity is ultimately measured by the financial results achieved. The good management of the financial component is a major reason for their success and development. Financi
al Department is responsible for managing that vital element efficiently to ensure the continuity and success of the corporation. Recently the concept of the financial department has been changed from a department whose role in data processing to a key partner that the management relies on to monitor the performance of the entire corporation, supporting decision-making and helping in risk management activities. In Egypt the traditional role of financial management has begun to change significantly under the current economic situation and market challenges faced by most companies at all levels. This made an effective financial system a prerequisite for the success of the corporation. Therefore, the companies are now in need for a modern technological means that help them generally in managing their business effectively and help the financial department in particular to work efficiently in managing the company’s assets. In addition the presence of computer systems for the management of financial subjects has become essential as these modern systems help to provide an effective financial information which support the company with all the data and financial indicators.
