Finance department strategic business plan

Goal I - Strategy 2 - Action Items Develop mechanisms for assessing and increasing the percentage of students for whom UNF is their university "of choice," and determine the impact on retention, graduation, and other student success outcomes. Provide pre-admission and first-year introduction to UNF's programmatic opportunities and requirements to aid students in selecting their majors and career paths. Provide early introduction to, and encourage student use of the network of support mechanisms and services available at UNF.

Finance department strategic business plan

Strategic Budgeting One of the main goals for your finance department should be to create and monitor not only your overall company budget, but a variety of functional or departmental budgets, as well. Budgeting requires research to estimate accurate revenue levels based on demand forecasting.

finance department strategic business plan

Using annual budget projections, your accounting staff can help you set targets for profit goals and for overhead and production spending levels. Overhead includes costs such as phones, rent and marketing, while production costs are those related to making your product.

Cost Containment To ensure you get the best quality at the lowest price for materials, supplies and services, make purchasing management one of the duties of your finance department. Require that employees get multiple bids or present some justification for large purchases, and have your vendors, suppliers and contractors rebid their contracts each year.

Look for trends in spending levels to determine where you can cut costs without sacrificing quality. Make receivables management a key role for your finance department. Debt Service Letting your debt get out of control can have serious long-term impacts on your business.

Use proactive strategies to lower your tax burden, such as depreciating assets and offering voluntary benefits to employees that help you lower payroll taxes.

Accurate Record Keeping The most important objective of any finance department is to keep accurate financial records. Consider external audits to prevent fraud, and institute policies and procedures for controlling contracts and payments.By Erica Olsen.

Simply put, a strategic plan is the formalized road map that describes how your company executes the chosen strategy. A plan spells out where an organization is going over the next year or more and how it’s going to get there.

finance department strategic business plan

See the Strategic Plan (PDF) on one page.. Mission. The mission of Florida's K education system is to increase the proficiency of all students within one seamless efficient system, by allowing them the opportunity to expand their knowledge and skills through learning opportunities and research valued by students, parents and communities.

Steven Terner Mnuchin was sworn in as the 77th Secretary of the Treasury on February 13, As Secretary, Mr. Mnuchin is responsible for the U.S. Treasury, whose mission is to maintain a strong economy, foster economic growth, and create job opportunities by promoting the conditions that enable prosperity at home and abroad.

Finance Department

Get breaking Finance news and the latest business articles from AOL. From stock market news to jobs and real estate, it can all be found here. Jun 26,  · Every business has similar financial management goals, whether they're handled by a separate finance department or a small startup's core partnership.

Mission Statement: To be responsible for management of the County’s finances guided by the fiscal policies adopted by the Board of Supervisors while promoting excellence, quality, and efficiency of operations by enhancing the ability of our employees to serve our internal and external customers in an outstanding manner.

Strategic Plans and Initiatives - Finance and Administration