"Practical" reporting is about using the internal financial systems you have (whether MYOB, SAP, SAGE, Excel or whatever) in the most effective way you can, (given the knowledge, experience and expertise of your team) in order to ensure that your business operates in a commercially clever way.
Every business is different - they operate in different industries, different cultures, different performance management systems, different cultures etc. With this context, it is obvious that there is no one size fits all solution.
Our approach recognises that the success of any change depends on you and your team understanding and implementing the changes from the start.
All finance teams want to add value to their business. What defines the level of value added is the particular experience and skills contained within the finance team. In order to achieve any outcome in any business then, the main constraint is the experience and skills of the particular finance team.
A different approach!
The Practical Reporting approach is therefore different, taking into account the above. The main difference is an understanding that your team has to own and operate any process or system changes. There is no value in a consultant leaving behind a system/process/spreadsheet which you/your team don't understand and can't change or operate effectively.
The Key Steps
We use our experience to coach and guide your team, so that they can make the changes. In this way, when they need to, they can modify the process as your business changes.
- Document what you want to achieve.
- Plan how to get what you want including, what steps, over what time frame.
- Determine finance team capabilities and current pain points.
- Re-design the relevant process and coach your team through the implementation.
We set out to help you improve your effectiveness and efficiency within the systems, tools and team you currently have.
This means you get improvements at low cost within a complexity level that suits your current team.
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