The financial management service extended with the enterprise controlling modelis a comprehensive solution that allows for effective and multi-faceted management of the financial area in the organization.
It combines traditional accounting, budget planning and liquidity analysis tasks with advanced methods of monitoring key indicators, management reporting, financial forecasting and supporting decision-making processes.
As a result, it provides a basis for consciously shaping business strategy, increasing profitability, controlling costs and minimizing risk.
Key elements of the service:
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Analysis and optimization of financial processes
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- Effect
- On this basis, improvements are implemented to improve the efficiency, transparency and timeliness of the implemented processes.
The service includes a detailed analysis of existing financial procedures - from cash flows, through invoicing and settlement rules with suppliers, to receivables and payables management.
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Enterprise controlling model
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- The controlling model, which is an integral part of the service, assumes the introduction of a coherent system of measures, KPIs (Key Performance Indicators) and reporting systems, allowing for ongoing monitoring of the company's financial condition.
By defining and implementing standard reports for management staff and developing reporting schedules, the management board gains a clear and up-to-date picture of the financial situation - divided into departments, projects or cost centers.
- The controlling model, which is an integral part of the service, assumes the introduction of a coherent system of measures, KPIs (Key Performance Indicators) and reporting systems, allowing for ongoing monitoring of the company's financial condition.
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Planning and budgeting
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- Implementing controlling enables effective preparation and monitoring of operating, investment and strategic budgets.
This allows the company to more precisely predict future revenues and expenses, respond to deviations and make decisions on resource allocation based on real data.
- Implementing controlling enables effective preparation and monitoring of operating, investment and strategic budgets.
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Financial forecasting and simulations
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- Includes preparing financial forecasts and conducting what-if analyses.
This allows for the assessment of the impact of potential changes in the market environment, legislation or pricing policy on the financial condition of the company.
The controlling model provides tools for quick response to market fluctuations and reducing the risk associated with unpredictable events.
- Includes preparing financial forecasts and conducting what-if analyses.
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Cost estimation and profitability analysis
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- Through detailed analyses of costs, margins and profitability of individual products, services or business lines, company managers can better identify their strengths and weaknesses.
This allows for making informed decisions about the development of certain areas of activity or abandoning less profitable ones.
- Through detailed analyses of costs, margins and profitability of individual products, services or business lines, company managers can better identify their strengths and weaknesses.
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Support for decision-making and strategic processes
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- The extensive controlling model provides reliable information and databases for making strategic decisions.
The company's management can objectively evaluate the results of previous initiatives, as well as compare different variants of actions based on measurable financial and economic criteria.
- The extensive controlling model provides reliable information and databases for making strategic decisions.
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Integration with IT systems and process automation
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- A key element of implementing controlling is the use of dedicated financial and accounting software, Business Intelligence tools and ERP systems.
Their integration with reporting processes and analyses allows for the automation of many activities, reducing human errors and shortening the time needed to aggregate data.
- A key element of implementing controlling is the use of dedicated financial and accounting software, Business Intelligence tools and ERP systems.
Benefits of implementing a financial management service expanded with a controlling model:
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Better cost and expense control
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- Ability to quickly identify areas generating excessive costs and effectively implement optimization activities.
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Increased profitability
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- Precise measurement of margins and profit allows you to focus on the most profitable areas of your business.
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Improved financial liquidity
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- Tracking cash flows and monitoring liabilities allows you to take proactive action in the face of potential problems with liquidity.
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Strengthening the decision-making process
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- Access to reliable data and analyses on an ongoing basis enables the management board to react quickly and consciously to changes in the market environment.
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Long-term planning
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- Controlling allows for the creation of multi-year development plans, taking into account changing economic conditions and the strategic goals of the company.
To sum up
The financial management service extended with the company's controlling model is an integrated solution that allows not only for daily supervision of finances, but above all for building the capacity for long-term planning, quick adaptation and conscious growth of the company's value.