1. Financial Planning: This involves developing a comprehensive financial plan that outlines the client’s financial goals, objectives, and strategies. It includes analyzing historical data, identifying trends, and developing forecasts based on key assumptions.
2. Budget Preparation: This involves developing a detailed budget that aligns with the client’s financial plan and objectives. It includes developing a budget framework, identifying revenue and expense items, and allocating resources based on priorities.
3. Forecasting: This involves developing short-term and long-term forecasts based on key assumptions and market trends. It includes analyzing internal and external data sources, identifying trends, and developing forecasts based on key performance indicators.
4. Scenario Analysis: This involves developing alternative scenarios based on different assumptions and market conditions. It includes analyzing the impact of different scenarios on the client’s financial performance, and developing strategies to manage potential risks and opportunities.
5. Performance Monitoring: This involves monitoring the client’s actual performance against the budget and forecast, and identifying potential variances and trends. It includes developing performance metrics and key performance indicators (KPIs), and using them to assess the client’s financial performance.
6. Reporting and Analysis: This involves preparing regular reports and analyses that provide insights into the client’s financial performance and progress against their financial goals and objectives. It includes developing dashboards, scorecards, and other tools to help the client monitor and manage their financial resources.