Human history records various changes in all aspects, including in
health, as we are facing now is the COVID-19 virus pandemic. The
University of Computer Science and Technology (STEKOM University)
held a webinar related to the conditions that are expected to occur
after this pandemic. The theme of this webinar is “Business Finance
Management and Worklife After Covid-19, which will be held on June
26, 2021 at 13.00 WIB.
The resource persons who
attended the webinar activity presented information based on data and
facts that were being faced by each of the countries represented.
Mrs. Gribincea Corina, PHD who is a lecturer from the University of
Moldova and Prof. Dr. Gonca Telli Yamamoto who is the Dean of Dogus
University in Turkey. As for Indonesia, it was represented by
Ableono, M.Kom who is the vice chairman of the Smart Indonesian
Teacherpreneur Association and Ratih Yuni Arman, M.Si as the
representative from STEKOM University.
Changes in
work culture will occur. In the future, technology will play a very
important role in the effectiveness of work because there is a
possibility that we can do our tasks at home, explained Professor
Gonca Telli. Working from home (work from home) has become a common
thing to do since the COVID-19 pandemic hit the global world. The
impact of this virus is also felt in various industrial sectors and
also for all levels of humanity.
Some companies
were forced to close some of their stores, decided some employees to
quit and put off work they might have planned to do. This of course
makes the economic cycle around the world become chaotic and decline
sharply. To suppress the spread of the virus bigger and faster,
governments in many countries have imposed lockdowns and social
distancing. This is done to avoid direct contact between humans.
Therefore, many companies implement a work from home system (work
from home).
However,
working from home is not a difficult thing. Maybe for some people
working from home (work from home) is not new, but what about some
people who have just experienced what it feels like to work from
home, especially for an uncertain time?
In the next
presentation, Corina PhD explained the importance of financial
management in Moldova. By having financial management, companies can
manage their assets to provide value for profits. That way, the
continuity of the company can be better maintained both in the short
and long term.
Financial
management is an activity that regulates, plans, directs, and
oversees financial activities, for example expenses to buy equipment,
or income from product sales. Financial management seems trivial to
some business people, because this term itself is still rarely
understood by people. Indeed, it is not only useful in the business
world, financial management can also be applied in everyday life.
If previously
financial management was only around the efficient use and allocation
of funds, now financial management also covers a wider area. This can
be seen from its scope which includes how to get funds, use of funds,
asset management, to investment.
There are many
benefits if financial management is implemented properly. Here are
some of them:
1. Knowing the Capital That Has Been
Issued
By practicing good financial management, it will
allow us to know the exact amount of funds spent on the purchase of
assets. Assets here mean capital that can later generate income.
In
spending funds for capital expenditures, we need to balance the
amount of income that will be generated by the capital. This needs to
be done so that bankruptcy does not occur. If we can manage our
spending well, our financial flows will be healthier, so we don't
need to make loans to other parties. We can also focus on assets that
can provide more income for the company.
2. Can
Manage Cash
By having good financial management, cash flow
can be managed more regularly. We will not bother thinking about
whether we have the funds to pay bills such as electricity, water,
telephone, employee salaries, to insurance.
One useful tip
we can do is to shorten the amount of time we give customers to pay
or negotiate due dates with vendors. Financial management is
important for anyone. The reason is, if we are not successful in
managing cash flow effectively, we may fail to pay and the company's
operations will be disrupted.
3. Lowering
Cost
One of the main tasks of having financial management
is to keep costs as low as possible. There are several things that
can be done, such as asking vendors to lower prices due to long
subscriptions, reducing electricity and water usage, or buying
massive supplies of goods.
If we can't manage expenses
well, another thing that can be done is to be able to significantly
boost sales figures so that expenses can be patched.
4. Tax Planning
Another thing that can be done by having
financial management is tax planning. With financial management, we
can estimate the estimated amount of tax that must be issued. We can
also be calm because we already have our own post for taxes, so we
don't have to worry about being late in paying taxes.
As
is known, late paying taxes will be subject to a fine so that
additional funds are needed to pay the fine. Because it already has
financial management, corporate tax planning will run smoothly.
The
fundamental change that we will feel after this pandemic is that we
will begin to understand and implement a healthy lifestyle, to avoid
the risk of contracting the covid-19 virus or other viruses that
endanger our health.