Commercial finance focuses on aspects of a traditional finance function that are associated directly with profitability and liquidity and acts as a bridge between finance and non-finance functions such as operations, marketing and sales. Responsibilities can vary depending on the organisation and may encompass several areas of financial discipline.Read more
The function provides financial data and analysis to assist management in making well-informed commercial decisions and plays an important role in challenging the business to make improvements to help increase profitability and improve financial performance. They may support new product development through the preparation of budgets and forecasts and often provide financial input into new contract negotiations
This business area evolved out of more traditional accountancy positions to provide financial best practice around areas such as credit control, billings, payroll and commission calculations, pricing and valuations as well as providing insight focused on supporting strategic business planning and budgeting & forecasting activities.
Within commercial finance, there are a number of key roles. A few examples include a cost analyst, pricing manager, working capital and supply chain specialist, human capital (people advisory) consultant and management accountant.