Abejo, Niņa Angelika D. Bautista, Reniel A. Blanco, Veronica Anne D. Cabilao, Joren Daven Daniel T. Cereno, Christian John B. Docena, Rousshelle Anne Sumampong, Lyxander Zoe S. 4 0
A Five-Year strategic financial plan for Congressional Commercial Corporation 6
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Abejo, Niņa Angelika D. Bautista, Reniel A. Blanco, Veronica Anne D. Cabilao, Joren Daven Daniel T. Cereno, Christian John B. Docena, Rousshelle Anne Sumampong, Lyxander Zoe S.
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Financial Plan: (BSBA major in Financial Management) - Pamantasan ng Lungsod ng Maynila, 2022
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EXECUTIVE SUMMARY: The Congressional Commercial Corporation (CCC) was established to rent out commercial space to small, medium, and big businesses, offer parking spaces and rent out dormitories to people from various racial and socioeconomic backgrounds. The company's primary goal is to maintain leadership by prioritizing people and helping clients grow their businesses quickly and profitably. They do this through tenant placement and property management systems. The firm offers leasing services to a commercial client for a predetermined duration. Hotels, pharmacies, and other well-established companies that require commercial building spaces can rent out dorm rooms, parking spaces, and shop locations. According to previous years' financial statements, the corporation requires assistance in repaying its short-term obligations with its short-term assets. This difficulty results from several unaddressed challenges for the company, including negative working capital due to reduced asset turnover and declining profit margins, operating expenses consuming excessive sales, and its aggressive performance of financing strategy. It has problems, which have been confirmed by several ratio analyses of its financial statements. Because the company needed to generate more profit from its sales over the previous five years due to its operating expenses, the resulting study revealed a problem. Profitability is interpreted negatively. The company's effectiveness in generating revenue from its assets could have been higher over the last five years. The difficulty in repaying current liabilities needs to demonstrate better liquidity. The company's liquid and existing assets are significantly less than the current debt disclosed in the financial statements. The company's efficiency ratio is lower than the industry average, indicating that it needs to improve its asset management to generate profit. Furthermore, it had spent the previous five years in a grey and troubled zone, suggesting that it was exposed to dangers and prone to these problems, which led the researchers to recommend utilizing an Integrated Workplace Management System: Integrating the Integrated Workplace Management Systems (IWMS) with the Property Management Software into the company's system would help management visualize asset productivity. The researchers strongly advise the corporation to implement software to support the Congressional Commercial Corporation in managing its facilities and maintenance. This allows management to make better decisions, whether purchasing another asset or solving a problem. It is also simple to track which commercial spaces are available for lease and which assets have been idle for an extended period. This option is sound and practical because the company's fixed asset utilization needs to be improved. A . smooth and effective implementation of the recommended course of action benefits the company by increasing revenue, eliminating unnecessary debt, promoting operational efficiency, and assisting businesses in managing resources efficiently. Keywords: commercial space, parking spaces, rent, financial statements, liquidity, operating expenses