Are you driving your business using the rear-view mirror?

One of the symptoms of business failure is the lack of accurate, timely & meaningful financial information.
Successful directors, business owners & CEOs insist on regular financial reporting regardless of
business size, which comprises:

1. 3-way reports reviewing historical performance against last year, budget & forecast
2. Forecast based on granular detail by product, employee, expense, etc
3. Funds flow to project cash flow requirements
4. Activity based drivers linked to financial information to identify key trends
5. Ability to ask the “what if” questions to develop a strategic actionable plan

As we enter a new phase of disruption in our world, the need to be able to forecast the financial outcomes of our decisions will become more important. Inflation, interest rates, volatile exchange rates, procurement of resources (materials, services, finance, equipment & human capital) will be constantly changing and the ability to understand the impact on your business becomes essential.

If your financial department is not delivering on these 5 key points, why not call 0417 751 775 or email andrew@improcus.com.au for a discussion about how Improcus can help you.