Paper Outlines Steps in Converting Strategic Planning to Shareholder Value
Firms can effectively adapt traditional budgeting, planning and forecasting processes to become more strategic tools for the business, according to a newly-published study issued by Wolters Kluwer Financial Services.
The white paper, entitled ‘Strategic Budgeting and Planning: How to Turn Mandatory Finance and Risk Disclosures into Strategic Tools’, outlines how by quantifying the effects these functions have upon the business, firms can have access to a feedback loop that provides management with the information it needs to make forward-looking decisions.
The paper also addresses the following issues:
“The future lies in expanding a firm’s view into all of its budgeting, planning and forecasting processes to ensure that the strategies it enforces deliver the most shareholder value,” said Nancy Masschelein, vice president, market management, finance and risk at Wolters Kluwer FS.
“A more forward-looking and granular approach to information gathering outlined in this new paper, when combined with necessary controls, can help financial organisations ensure strategic decisions that deliver optimum return on equity,” added Jeroen Van Doorsselaere, director, business development, global finance and performance for the company.