Financial Information Quality as a Priority
Organizations, big and small, live or die by the quality of the financial information they use to make decisions. And technology hasn’t really changed this – there’s just more data that often brings no better insight into what drives an organization’s success. I’ve seen a lot of “garbage in-garbage out” scenarios.
Delivering clear financial information, tailored for the audience making decisions, can seem time-consuming, so it sinks on the priority list. What is needed is a fresh eye that can look at how resources – both cash and human – are used and find ways to simplify processes and information flow to enhance insight and accelerate decisions.
Services
Ø Accounting staff training/coaching
Ø Accounting process automation
Ø Board financial governance training
Ø Board financial package design
Ø Budget development
Ø Cash flow analysis – with focus on cash flow timing
Ø Chart of accounts configuration
Ø Financial & accounting policy development
Ø Financial projections
Ø Income/expense matching
Ø Long-term financial planning
Ø Program/product costing
Ø Risk /sensitivity analysis
My approach is customized to the particular needs of the leader because there is no single right way to manage the accounting and finances of a small organization. What works best differs between organizations, but the common thread is it must be executable and sustainable. Often times the “perfect” system is the simplest.
Jennifer Knebel