ACCOUNTING
Planning & Performance Management Reporting
What gets measured gets done
In the tumultuous seas of today’s economy, UK start-ups and small to medium-sized enterprises (SMEs) face challenges like geopolitical shifts, supply chain woes and the relentless pace of innovation. Traditional forecasts falter in these stormy conditions. Agility and integrated risk management are the compasses guiding decision-making.
Our ‘Planning & Performance Management Reporting’ service is the captain for this journey, steering through uncertainty with a dynamic model that unites financial and operational insights. This approach isn’t just about survival—it’s about thriving. It’s a strategic shift towards unlocking value and enhancing productivity.
Embrace our framework for a future where analytics and operational excellence chart the course to success.
Benefits of our dynamic model:
- is linked to the business strategy,
- is forward-looking,
- monitors changes to the environment,
- and includes a mix of financial and non-financial information.
This integrated approach to planning and reporting can help businesses navigate the challenges of today’s fast-paced business environment and achieve their strategic objectives.
How we can help:
1
Business intelligence (BI):
Our BI solutions utilize next-generation technologies like AI, machine learning, and automation to provide enhanced data insights, advanced scenario outcomes (what-ifs), and advanced predictive analytics. This empowers start-ups and SMEs to make faster, more informed business decisions, driving a competitive edge. We help identify areas for cost optimization, customer experience enhancement, and new revenue generation, simplifying messaging and providing actionable recommendations.
2
Metrics, targets, KPI's & benchmarks:
Clearly defined, outcome-based metrics and benchmarks (best in class and best in practice) are essential for consistent analysis, performance monitoring, and reporting. Our analytics insights help define relevant measures for assessing financial impacts and comparing performance against internal targets and industry standards, improving the scorecard.
3
Financial planning, budget & forecasting :
Our financial planning is intricately linked to business strategy, outlining considerations of value at risk, opportunities, and financial impacts on the Profit & Loss account, Balance Sheet, and Cashflow. Recognizing changes in market trends, consumer behaviour, and regulations, we ensure that budgets and plans consider commercial opportunities and financial risks/costs, such as obsolete technologies. Where necessary, we apply a rolling technique for greater insight and control, reducing reliance on the annual budgeting process.
4
Scorecard model :
Our scorecard performance reporting model measures critical success factors (CSFs) through key performance indicators (KPIs) for each of the four main perspectives. This high-level snapshot provides insights into service quality, financial performance, and efficiency, allowing management to quickly identify and strategize changes tracked by future scorecards.
The four perspectives are:
- Financial measures: Aim to create shareholder value through measures like cash flow (survival), sales, profit (success), and shareholder value (prosperity).
- Customer measures: Focus on quality, delivery time, performance, and service.
- Internal business measures: Essential for meeting customer expectations and enhancing customer experience.
- Innovation and learning measures: Enhance crucial internal processes to deliver greater customer value, emphasizing both the quantity and quality of innovation and long-term process improvement goals.
5
Investment:
By harnessing the power of analytics, we can pinpoint both high-performing and underperforming assets through comprehensive scenario analysis. This strategic approach enables us to proactively mitigate financial risks and capitalise on emerging opportunities.
6
Skills & Talent:
Our commitment to empowering startups and SMEs is unwavering. We offer a pool of adept professionals dedicated to achieving strategic goals and enhancing shareholder value. Armed with next generation technology, optimal value chain alliances, and a relentless pursuit of skill advancement, we stand ready to elevate our clients’ strategic planning, vigilant monitoring, and informed decision-making processes.
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