Financial management is concerned with the overall management of finances within the business, this being on a short, medium and long term basis.
Effective financial management can be improved by introducing a proactive approach to financial forecasting, ensuring that this is an integral part of business management. By continuously reviewing the future, financial requirements can be planned in advance of need, ensuring the business is able to take advantage of opportunities as they arise. It also ensures future issues are identified and addressed before they turn into a crisis.
We attach a link here to our document
the principles of which are able to be applied to organisations of all sizes.
Proactive financial management is not a stand alone activity, but is an integral part of proactive business management, strategic planning, business planning, budgetary control and management reporting. Working with organisations we develop proactive financial management and improve management control, including cost control, cash management and risk management/reduction, through the support we provide.
For an initial discussion call George Watts on 01302 842831 or use our contact page