Consider Solutions

CFOs, senior operational managers and their organisations are struggling with the increasing and competing demands placed upon them, particularly coming out of recession. The compliance burden has grown, the business is subject to increasing cost pressure, and the demand for more and better information for management decision making requires us to do more at lower cost.

The business needs to be able to access effective management information to make key decisions, like how to recover and accelerate cash, where to reduce costs and where the holes in profitability are.  This is not just about classic management information or ‘Business Intelligence’, it is about sifting through the ‘haystack’ of business operations to find the exceptions that can drive cost reduction and cashflow improvement or that point to the systemic issues that management can focus on to resolve.
As we all have to do more with less while complying with increased compliance and governance demands we need to continue to find faster and more effective ways to drive operational efficiency.

Process breakdown happens all the time in different ways. It can be difficult and time consuming to find, which in itself loses money, and it can cost a lot of money and management focus to repair a company's financial position and reputation.

A well controlled company makes more money. The Hackett Group Financial Benchmarking Study showed that world class finance organisations operate with 51% lower costs, they have a 93% lower exception rate and a 45% lower cost of control. Accurate, relevant and timely information on exceptions is the key to effective control and financial performance. This exception information provided to the ‘pilots’ in the business enables management to make regular, rapid and subtle changes in the most efficient way, rather than delay which results in costly and time consuming changes.