Common use of Finance Division Clause in Contracts

Finance Division. The Finance Division (FIN) provides a broad range of different services to meet corporate, statutory, and compliance requirements. They provide transactional, administrative and professional services to the business, and deliver financial and management reporting and value add decision support. The main activities of the division include: budget control, internal control management, revenue and expenditure management and accounting system management. The division will amongst others focus on the following:  Adoption of Standards of Generally Recognised Accounting Practice (GRAP);  Utilisation of technology to improve efficiencies, such as automated reporting; and  Improved management reporting.

Finance Division. The Finance Division (FIN) provides a broad range of different services to meet corporate, statutory, and compliance requirements. They provide transactional, administrative and professional services to the business, and deliver financial and management reporting and value add decision support. The main activities of the division include: budget control, internal control management, revenue and expenditure management and accounting system management. The division will amongst others focus on the following:  • Adoption of Standards of Generally Recognised Accounting Practice (GRAP);  • Utilisation of technology to improve efficiencies, such as automated reporting; and  • Improved management reporting.