“Only reporting numbers is not enough” is the mantra. Unless one provides thought-provoking insights and challenge the existing financial results, the management reporting doesn’t justify its delivery. We took to hand the existing internal reporting activities and transformed them. We turned them into insightful, cleaner and clearer financial and operational reporting directing the management towards the commercial and strategic decisions which needed immediate attention to revamp the whole organization and various functions within. We also devised KPIs and their parameters for them to identify and regularly assess what isn’t working well and then figure out why.
The internal management reporting mechanism was not efficacious to help leaders take timely decisions for business growth.
Let the in house finance professionals perform their job of laying and maintaining strong foundation of flawless engine ensuring accurate books and let the experts on management reporting advance the effectiveness and insightfulness to be provided to the management.