Outline below three (3) financial processes you would implement as required according to financial objectives, for each the following: Monitor actual expenditure Regular Financial Reporting: Implement a system for generating regular financial reports (e.g., weekly or monthly) that detail actual expenditures against budgeted amounts. This helps in identifying variances early and allows for timely corrective actions. Variance Analysis: Conduct variance analysis to compare actual spending with budgeted figures. This involves identifying the reasons for any discrepancies and understanding whether they are due to changes in volume, price, or efficiency. Expense Tracking Tools: Utilise expense tracking software or tools that provide real-time data on expenditures. This ensures that all spending is recorded promptly and accurately, facilitating better monitoring and decision-making