Strategic Financial Management

Small businesses and foundations often must make the most of limited financial resources. At Mangen & Associates, we provide these organizations with the advanced tools and strategies they need to balance their financial health with organizational priorities. 

What Is Strategic Financial Management?

Strategic cost and financial management is the process of planning, directing and controlling an organization’s resources to achieve its long-term financial goals. It’s vital to small businesses and foundations because it helps these cash-challenged operations ensure that every dollar is aligned with their mission. It also improves decision-making by delivering timely, accurate financial insights.   

Strategic financial management differs from day-to-day financial management. While the former focuses on longer, bigger-picture needs, the latter handles daily operations, such as paying bills, bookkeeping, payroll processing and bank reconciliations. 

The Core Elements of Strategic Financial Management

Strategic financial management consists of several carefully integrated components that the experts at Mangen & Associates can tailor to small businesses and foundations:

•  Long-term financial planning and budgeting
•  Investment strategy and decision-making
•  Risk assessment and management
•  Performance measuring and monitoring

Our Strategic Financial Management Services

Mangen & Associates offers multiple financial and strategic management solutions to meet the needs of all types of small businesses and foundations:

•   Small business budgeting services
•   Strategic financial planning
•   Cash flow management
•   Investor reports
•   Financial assessments
•   Consulting and advisory services

Strategic Financial Management for Different Organizations

We tailor our services to the specific organizational type.

Small Businesses and Startups

Appropriate financial management helps these new and growing operations set realistic financial goals and develop a strategy for achieving them. It also improves cash flow by ensuring enough funds are on hand to weather slow periods, cover expenses and respond quickly to investment opportunities. 

Growing Midsize Companies

These strategies can support scalable growth by enabling organizations to have the financial capacity to enter new markets, handle increased revenue and manage larger teams. They can also help identify and mitigate risks resulting from market volatility and operational changes. 

Nonprofits and Foundations

We help these organizations promote long-term sustainability by meticulously planning for future needs and preparing for the inevitable funding fluctuations. We also assist in developing stakeholder and donor trust by implementing transparent practices that demonstrate fiscal responsibility.

Why Choose Mangen & Associates for Strategic Financial Management?

Mangen & Associates offers expert, cost-effective outsourced accounting and strategic advisory services that directly alleviate the burden of limited in-house expertise and the lack of time for strategic financial planning. We offer years of relevant experience serving high-growth businesses, nonprofits and foundations and delivering tailored, mission-driven solutions dating back to 2002.

As an extension of your team, we will provide the ongoing and trusted advice that is crucial for successful long-term financial management. Our unwavering commitment to compliance and best practices allows you to stay current with regulatory changes, giving you peace of mind. 

Contact Us to Learn More

Let the experienced professionals at Mangen & Associates guide your organization’s strategic financial management practices. Contact us to request additional information and a quote today.