Successful businesses have strong foundations supported by a clear and embedded vision / mission and a number of specific goals or objectives. Having clear objectives and goals is critical for a business to succeed but equally as important is for a business to be able to measures performance against those objectives.
The model of reporting shown below illustrates the theory of “Joined up reporting”.
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Operational reporting should focus on converting inputs into outputs in the most efficient way possible.
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Commercial reporting should focus on customer satisfaction ensuring the business is meeting or exceeding customer expectations.
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Financial reporting should be focussed on minimising financial exposure by ensuring working capital is used efficiently, profit is maximised and the integrity of the accounting systems are maintained.
The joined up theory ensures that all reports are using the same data and the information produced is giving a consistent result. This information is then used to drive business by enabling thorough understanding of business performance and well reasoned decision making.
We can provide a review and advisory service around business systems and reporting and also offer consultancy service to setup a system of joined up reporting written specifically for the needs of your business.
We have experience with MFGPro, SAP, Formul8, System21, microsoft office products and a number of other accounting systems.
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