Finance may be defined as an art or a science of managing money. It includes financial service and
financial instruments. Finance is also referred as the provision of money at the time when it is needed.
Finance function is the procurement of funds and their effective utilization in business concerns.
“Business finance deals primarily with raising, administering and disbursing funds by privately owned
business units operating in non financial fields of industry”.
administration, investment analysis and fund procurement of the business needs to adopt modern
technology and application suitable to the dynamic global environment.