Development of a system of company’s budgets
- Financial Consulting
- Investment banking
- Investor relations (IR)
During development of the company, expanding range of activities and increase in the number of its staff the task of optimizing planning of the company and improvement in the management system becomes rather timely. Basis for solution of this problem is budgeting, a comprehensive and coordinated planning of financial activities of the company and its business units based on preparation and execution of budgets.
Pro Capital Investment offers its services to implement budgeting for your company. An important aspect of our work is to identify the most effective types and areas of your business, perform a comparative analysis of performance and cost efficiency of the activities of individual units, planned projects, development of recommendations to improve motivation of employees at all steps of career ladder while increasing accountability for financial results. The emphasis is on coordination of interests of individual business units, ensuring their relationship for a more sustainable development.
Experts of Pro Capital Investment will develop a concept of budgeting and will build an algorithm of budget process, will present the main characteristics of the budgeting model, will identify and analyze the key factors influencing the performance of the company and management. The result of our work in this aspect will be a developed system of budgets for various forecasting horizons, implementation of which will help to improve planning of activities, effective monitoring of various expenses, in particular to optimize allocation of resources and their costs. Great advantages of working with us will be no additional financial costs for software equipment (as the system is developed in the budget spreadsheet editor Microsoft Excel), the depth and level of details of budget rules, its simplicity and clarity will allow employees to easily implement a methodology of budgeting and possibility of training your employees to use implemented technology of design.
Budgeting is carried out using indicators to assess contribution of each division, each employee (from an ordinary worker to a manager) to achieve the objectives. This set of indicators, calculated for a certain period of time, becomes an information basis for administrative decisions on the subsequent stages of planning and development of a management accounting system which provides control and cost optimization of working time by eliminating overheads. Thus, budgeting as technology of financial planning is one of the key instruments of the company's management, providing improvement in its efficiency and achievement of long-term goals by improving business fundamentals. Results of budgeting are executed in a form of budget systems (varying frequencies and planning horizons), while detailed elaboration of strategic plans are results of short-term budgets.
Understanding the need to introduce a system of budgeting is the first step towards modernization of a business and an increase in its efficiency. If during planning of activities you are targeting specific results and expect to form a transparent financial management system, plan to ensure fiscal discipline and effective forecasting of financial performance - the implementation of budgeting technology is the first thing for you to do.