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How is the finance function assessed by its information customers ?
We believe that it is outputs that are most under scrutiny. If relevant information is not being disseminated rapidly then this deficiency gets noticed.
Reporting effectiveness is built on clean data that is linked, extracted and built up on disciplined processes. This enables data to be assembled into useful information, effectively the same as linking individual words to express a sentence that has meaning.
Not all information customers can necessarily understand the words, so it is the way they are linked that adds value. Reporting performance is based directly on the relevance to, and understanding by the report reader. FSG Group knows that financial information needs to be succinct and actionable. We can help you build a finance function that is articulate when it talks to the rest of the business.
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Common symptoms :
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- we are taking too long to report
- am I reporting all the relevant information?
- our reports need too much explanation
- how much of my reporting can be automated?
- do we really need to maintain separate systems for management and financial reporting?
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