The Dictionary Needs an Update: Finance

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When it comes to finance, the dictionary needs an update. Every traditional definition is limited to capital and credit. With the finance function serving as a data hub, the role of finance and the finance professional has shifted dramatically.

We believe finance is the pipes, carrying data to the stakeholders that need it and capital to the investments which can prosper. To do both effectively goes far beyond simple number crunching.

CLASSICAL DEFINITION
Finance noun
The system that includes the circulation of money, the granting of credit, the making of investments, and the provision of banking facilities.
Source: Merriam Webster

EVOLVED DEFINITION
Finance noun
The vein connecting teams with data and companies with capital.
Source: First Water

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