My client, a manufacturing company, had very limited information in their monthly management accounts. In addition, management accounts were taking several weeks to produce as they relied upon an external accountant.

I worked with them to develop a monthly reporting template covering P&L, balance sheet and cashflow, as well as financial and operational KPI’s. I also created an easy way of comparing month end WIP with the previous month and developed a fully integrated financial model that could be updated each month.

This resulted in more timely monthly management accounts and a greater accuracy of their financial projections, as well as enabling the management team to have a better understanding of what was driving the business forward and what areas were causing problems.

This allowed them to take corrective action sooner, with a direct impact on their margins.