The importance of financial planning in an organization

Abstract

The aim of this article was to present a study on the importance of financial planning for organizations and how it can improve the economic situation of the company studied. Financial planning helps the company to remain stable and enables growth, as the organization has real knowledge of its financial situation. The research carried out pointed out some deficiencies, such as the lack of financial organization, and presented possible solutions. The case study was carried out in a mechanical workshop company in the city of Paraíso do Norte - PR. It was found that the company has no system or methodology for organizing its information, such as expenses and income, to add to its decision-making, meaning that, due to its various problems, the company runs a serious risk of making a loss on its activities. With the suggestions pointed out by this research, the results found reveal how good planning in various activities within the company brings greater financial quality of life to the organization and security for the enterprise to remain stable and lasting.