Financial Management::Manage Financial Resources::Allocate Financial Resources

Allocate Financial Resources process involves distributing the enterprise’s financial resources to various departments, projects, or activities. The key steps include identifying financial needs, allocating the budget based on priorities, and continuously monitoring and adjusting the allocations. The main goals are to ensure optimal financial resource utilization, align financial allocations with strategic goals, and maintain financial control.<br/><br/>This process was renamed in 24.5 old name was Manage Resource Allocation<br/>