Sri Lanka, Jan. 8 -- Seylan Bank's Assistant General Manager, Marketing and Sales, Asiri Abhayaratne said that financial management and discipline are critical to the survival and growth of small and medium-sized enterprises (SMEs). Unlike large corporations, SMEs often operate with limited capital and narrow profit margins, making careful planning and control of finances essential.
Sound financial management enables SMEs to monitor cash flows, manage costs, and ensure timely payment of obligations. Proper budgeting and forecasting help business owners anticipate financial challenges, allocate resources efficiently, and avoid liquidity crises that can disrupt operations. Maintaining accurate financial records also improves transparency, su...