Budgeting

Budgets and Cash Flow Forecasts

Budgets and Forecasting

A budget is a numerical plan that outlines the figures an organization aims to achieve in the future. Companies typically create budgets for various aspects such as projected sales, production figures, and costs. On the other hand, a cash flow forecast estimates future financial figures based on past experiences. Businesses use these forecasts to predict future sales and the flow of cash into and out of the organization over a specific period.

Benefits of Budgeting

Budgeting serves as a financial representation of an organization's strategy, compelling managers to plan ahead and identify necessary resources to meet targets. This is particularly crucial in industries like insurance, where the products cater to medium- and long-term customer needs, with decisions made today having financial implications for many years.

Why Choose Us?

Low TH & Co is synonymous with trust and reliability. Our commitment to quality, innovation, and leadership in the industry allows us to respond swiftly to emerging risks and opportunities. Effective budgeting, which involves thorough research, realistic planning, and collaboration, is a significant source of competitive advantage. It enables businesses to set ambitious objectives or explore new territories. The degree of challenge or 'stretch' in a budget depends on the organization’s culture, ambition, and key stakeholders' influence, such as shareholders.

To achieve these aims, Low TH & Co employs university graduates and finance professionals adept at managing and interpreting budgets, ensuring the company meets its strategic goals efficiently.