Good quality Management Information (MI) is the lifeblood of all successful businesses. It supports the business plan by providing reports based upon performance analysis in areas critical to that plan, with feedback loops that allow for adjustment of every aspect of the business. In effect, MI not only indicates how things are going, but why they are not going as well as planned, where that is the case. These reports include performance relative to cost centres and projects that drive profit or loss, and do so in such a way that identifies individual accountability, and in virtual real-time.
Such information drives entrepreneurial decision making and leads to beneficial innovation.
Secantor can give you a competitive edge and help you improve your business
Insightful management information can help provide you with a competitive edge by providing a deeper understanding of business performance, enabling you to identify and deal with issues, and take advantage of opportunities ahead of your competitors.
Secantor has a rapid and well proven solution. (See our short MI video).
As a national team of financially qualified proven business experts, Secantor can work with you on a part-time or project basis, helping you in many ways, including:
1. Produce the numbers quickly and accurately. MI generated later than 10 working days is starting to be stale. It has to be monthly, never quarterly.
2. Cash and profit. For most SMEs, cash is much more important than profit but it is it properly monitored? We can quickly bring a focus and understanding of cashflow.
3. Future focus. Cashflow forecasting tools are implemented quickly and updated frequently to shine a light on the cash position for the next 3 months.
4. Comparators and comments. We help you get behind the numbers to ensure we know what is driving performance and compare them to plan and to the prior year so you can judge if performance is good, middling or nose-diving.
5. Secantor dashboard. We present a dashboard of the KPIs of the business (agreed with you) on one sheet of paper to give you an insightful snapshot of performance.
With these 5 steps in place you will see improvements in many areas:
All this can be implemented rapidly at a very reasonable cost. All our people are financially qualified, seasoned business practitioners with a proven track record. We can work with you to help transition of your finance function into an effective management tool to drive growth, profitability and help you increase the value of your business.