Planning & budgeting is an analytical application that helps you set SMART targets – specific, measurable, achievable, realistic, and time-bound, and generate a solid budget, which is the foundation of your organization’s operations.
Well-established planning & budgeting best practices can make all the difference to the growth of your business. It will enable you to concentrate resources on improving profits, reducing costs, and increasing returns on your investment.
At FinnPrints, we build customized, interactive organizational models that integrate planning, budgeting, and performance measurement to ensure your business operations running smoothly.
The business plan is the blueprint and founding document for setting up your company and getting it started. It answers the question of “what do I want to do?”.
A complete business plan includes your company’s organizational structure, operational and marketing plan, and financial projections. Its purpose is to define where you want to take your business and includes initial goals and objectives, structure and processes, products and services, and financial resources.
A strategic plan, on the other hand, answers the question of “how can I do it?”. It includes a detailed action plan with specific activities, due dates, and responsible authorities of each pursuit for the next few years to achieve your company’s goals.
A well-written strategic plan ensures any growth initiative is undertaken in a coordinated, systematic, and informed way. It can play a pivotal role in your business growth and success because it tells you and your employees how best to respond to opportunities and challenges.
Budgeting involves identifying, prioritizing, acquiring, and allocating the resources needed to carry out the strategic plan. It helps a business identify future financial needs and plan based on expected profit, expenses and potential cash flow.
Creating, monitoring, and managing a budget is the most effective way to keep your business – and its finances – on track. It helps you allocate resources where they needed so that your business remains profitable and successful.
Planning, budgeting, and performance measurement are three fundamental pillars of FinnPrint’s Integrated Operations Management framework. The main objective of this framework is to meet strategic objectives, reach financial targets and create a proper and sustainable shareholder value.
English
Türkçe