Controlling and Reporting

Controlling is a modern method for managing your company; a tool, that enables to observe the productivity of whole organization as well as its particular units, that makes easy to read and pick up the most important information out of hundreds pieces of data generated each day, a tool that helps to built financial awareness of decisions of managers and reinforce the identification with strategy and responsibility for tactical activity of each employee. It is a continuous process of knowledge improvement that includes planning, coordination, organization and control of all transactions in the way the organization could fulfill its strategic and tactical targets.

Time needed for implementation of systems of control is counted in months and learning how to make use of it just couple of days. Results however are seen immediately: each of managers can receive a full set of information about follow up of budgets or her/his targets realization just within one or two days. She/he can then easily find at least 10% of useless spending, take on improving or correcting steps and having the history of results assure better output and shorten the time for future planning. That way 75% of the time spent on this without controlling system can be used for further coordination of the team work and proper realization of the strategy if the organization.

In the area of controlling and reporting systems implementation we offer:

Construction of controlling systems:

• definition of cost control areas and units
• definition of processes
• preparation of procedures and instructions for processes
• preparation of job description documents

Managing a process of controlling system implementation

• definition of goals
• management of the implementation team
• construction of phases and mile steps for the process
• change management

Construction and control of budgets and forecasts

• definition of budgeting areas
• multi-dimension planning and data preparation
• preparation of variance control formats
• preparation of cost allocation systems

Multi dimension data analysis

• variances comparing to budgets
• variances comparing to last years results
• financial ratios and assessment of financial status of the company
• ad hoc analyses

Analysis of costs and profits for management decisions

• full costs method
• variable costs methods
• contribution margin analysis
• break even analysis

Construction of accounting system

• chart of accounts systematization
• construction of basic statutory reports: profit & loss account statement, balance sheet statements, cash flow analysis
• construction of processes for management accounting - definition of documentation flow, description, control and allocation
• stock management

Preparation of reports required by Stock Exchange for listed companies

• coordination of financial reports preparation
• preparation of management boards' reports
• preparation of period listing reports (quarterly, half year, yearly)
• preparation of reports on best stock practices

Additional services:

• Construction of business plans
• Preparation of financial documentation necessary to submit at the bank for credits and loans
• Preparation of financial documentation for subventions
• Preparation of financial documentation for business negotiations
• Preparation of reports on overall activity and management boards' reports
• Preparation of financial documentation for listing purposes
• Multi - media presentations preparations

Leader of this department is a multi-lingual professional with knowledge and experience in finance and controlling area. Strong financial and controlling background comprising business school studies, post grade in accounting and MBA course finished in an international environment in Barcelona. Skills include strong leadership and management abilities, definition of problems and systematic approach to work requirements, strategic view with knowledge of basic processes, strong communication and project management experience. Multi-cultured team leader with strong adaptability skills and natural ability to deliver effective solutions. Used to work in English, Spanish, French and Italian languages.

Last Updated Tuesday, September 15 2009 |