Strategic Financial Planning

Strategic financial planning is the process of determining how a business manages itself financially to ensure it achieves its goals and objectives for both the short-term and long-term. Sound financial planning considers every aspect of a business' operations and the interwoven impact each has on the overall financial position of the company.

Strategic financial planning involves a 360Âș, whole picture evaluation of the company operations to create a comprehensive financial plan:

  • Budget development, cost systems and management reports
  • Resources required to achieve objectives (cost, type, amount)
  • Working capital management (inventory, receivables, payables and cash)
  • Employee structure, payroll and benefits
  • Risk identification and management
  • Succession planning