In an IT company Finance organization plays a critical role in the success.  The finance department reports under the Chief Financial Officer of the company.  The objective of this group is to improve profitability, reduce risk, and maintain corporate governance. Here are the key functions of the Finance department in an IT organization: 1) Corporate Finance  Corporate Finance Department’s responsibilities are how business fund their operations, maximize profits and minimize costs.  It deals with day-to day demands on business cash flows.  The main activities of Corporate Finance are: a) Preparing accounts and financial statements b) Working with the Tax department to pay taxes c) Decision and distribution of dividends to its shareholders d) Working with Corporate accounting to fund the internal operations and capital expenditure of the company e) Ensuring that the company is profitable. f) Support business in developing annual growth strateg...

In the fast-paced and competitive landscape of technology, the presales department plays a crucial role in bridging the gap between sales and technical teams. This department not only influences the sales cycle but also ensures that the solutions offered align with client needs, driving both revenue and customer satisfaction. Having a strong presales team directly impact the win rate of proposals and deals for a company.  Major firms like Deloitte, Accenture, Infosys, Wipro, Capgemini, Tata Consultancy Services place high important to the presalesfunctions in their organizational structures.  The key responsibilities for Presales are The presales department plays a critical role in preparing pursuit plans and managing the Request for Proposal (RFP) response cycle. Here’s an in-depth look at the activities involved in these processes: Preparing a Pursuit Plan 1. Opportunity Assessment: o Market Analysis: Assess the potential client’s industry, market trends, and competitio...