Why do you need Management Information?
We need to measure how our business is performing. Is it meeting expectations, are there problems that need addressing.
Traditionally this takes the form of detailed management accounts – ie monthly profit and loss accounts, balance sheet and cashflow.
Most businesses realise that this information doesn’t give them enough to drive their businesses forward. So most successful businesses also measure other Key Success Drivers (also known as Key Performance Indicators or ‘KPIs’), so that they can really understand what is happening while there is still time to do something about it.
How We Can Help?
Measure all the key things that really matter – We can help you identify the important KPI’s for your business. We then help you monitor and improve these.
Discuss all the key issues raised – We can meet with you monthly or quarterly to discuss all the key issues raised by your performance measures. These meetings – which we call the BoardView service – are designed to help you solve problems, seize opportunities and create an action plan to drive your business forward.
Get the bookkeeping right – Of course, as accountants we can help make sure you have the most cost-effective and efficient bookkeeping and accounting systems in place. Whether you need new software, training or even someone to outsource your entire accounts function to, we can help.
Produce detailed management accounts – We can also help you produce accurate and timely management accounts- complete with graphs, analysis and commentary (if you want them) – within an agreed period after the month or quarter end.