Optimization of The processes in the field of the company’s financial management
Lean Finances/Lean management accounting
AGILE FINANCIAL MANAGEMENT
Creating stable financial processes that adapt and develop in line with the rest of a company’s structure is key. The philosophy of Lean management encompasses all processes in a company and arranges and structures them in such a way that they interact, pursue the same key goal, and occur sequentially and without unnecessary losses. And last but not least - to have a common accountability that reflects progress across the entire chain and the numbers correspond to the sense of progress.
⇒ Management accounting includes both financial and non-financial indicators and reports. It is an indicator and mirror for the performance of the business, as well as an assessment of its current and future development.
⇒ When a company commits to the processes of Lean transformation, all processes, systems, people, actions, and information must be synchronized to achieve the company’s strategic goal. This means that the management accounting system has become ‘Lean’.
⇒ The implementation of such processes in the company will lead to the so-called continuous improvement effect and the company will be able to follow and orient itself in time what is happening and what measures to take. As a result, these actions will be visualized in the numbers of the financial report in a completely natural way, without any artificial corrections being imposed.
And the benefits for your company will be:
- Elimination of losses in administrative and financial processes
- Transparency in all processes of the company /financial and non-financial/
- Presence of indicators /financial and non-financial/ for tracking processes for the entire activity of the company
- Increasing efficiency
- Quick decision making
- Higher profit
- More free cash
- More free time and resources.
OUR SERVICES INCLUDE:
- Optimization and reorganization of processes in the financial management activity of the company. Analysis, action plan, check, implementation;
- Optimization and reorganization of the processes performed in the financial accounting department. Analysis, action plan, check, implementation;
- Optimization and/or creation of lean/agile reporting /lean management accounting/, which reflects in time the results of the activities during the transformation and the actions following the Lean principles in all processes - financial and non-financial. Reporting in line with Value stream;
- Structuring of financial flows /revenues, expenses/following lean principles - value stream financial mapping;
- Creation of periodic lean/agile management accounting for tracking on a daily, weekly, monthly, quarter, and annual basis. Selection of suitable indicators;
- Building a strategy to develop and continue the process of improvements in the field of financial management of the business;
- Other issues.