Companies Financial Planning is an organized process used to identify, assess, and manage potential financial risks. It involves the setting of goals and objectives – both short-term and long-term – and involves the creation of budget and forecast documents. Companies use this system to ensure that their finances remain in order, to reduce exposure to risk, and to maximize return on investments. The end result allows for greater clarity when making decisions related to day-to-day operations and long-term financial strategy. A successful financial plan helps companies stay competitive and achieve their business goals.