Performance management
We work side-by-side with CFOs to get to the heart of performance management by developing effective reporting frameworks and creating insightful reporting outputs.
An essential component of any business is a robust reporting framework that measures and reports key performance indicators. Access to regular, quality financial and operational metrics (both lead and lag) helps CFOs to make decisions that meet business objectives and drive transformation.
We work closely with CFOs and divisional and functional heads to develop KPIs and build out the wider reporting process, empowering the finance functions to become a strategic force within businesses. We also create board and management reporting, ensuring that the finance function can provide the data and insight needed by senior teams to inform business strategies and decision making.
KPI development & reporting process
We believe in the principle of “one version of the truth” and ensure that the there is a single consistent dataset. In this way operational teams and stakeholders are using the same data definitions and information to make business decisions.
We focus on the KPIs that drive value in the business. We look to include lead indicators that give management sufficient time to act on opportunities or take corrective action, not just historic KPIs.
We develop and embed an efficient and sustainable process that ensures clean, hard closed, fully-reconciled data is reported each and every month.
Board and Management reporting
We specialise in the preparation of Management Packs that reflect the information management require to run the business as well as the data points for the equity story. This is typically in the form of a data cube.
We ensure that the Board Pack is effectively a sub section of the Management Pack and there is a clear audit trail and drill down from one to the other.
We know that the Board Pack needs to reflect the operating structure of the business, e.g. division, geography, sector, site, etc giving clear ownership and accountability where corrective action can be undertaken.
We always remember that the structure of the Board Pack will dictate the structure of the Board meeting itself and the relevant importance of items. Therefore, we ensure there is the appropriate balance within the Board Pack between strategic, forecast and historic information.
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Get in touch today to see how we can support you in building reporting frameworks that bring clarity and drive value creation.
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