Performance Management Solutions
Business strategy formulation
Performance management and reporting
Accounting systems establishment and coaching
Business strategy is at the heart of any business success as guided by the fundamentals of a SWOT (Strengths, Weaknesses, Opportunities and threats) analysis . We formulate businesses with a specific focus on the Business Modelling Canvas, a graphical representation of the business idea and is the basis for the business plan.
Performance management and reporting
Focus on the critical success factors (CSFs) based on management accounting principles. It is a subjective measure on the utilization of all resources to meet the established objectives. Various stakeholders, including analysts and investors use financial performance to compare similar firms across the same industry or to compare industries or sectors in aggregate.
Considerations include: analysis of the value chain for resource utilization efficiency and processes enhancements, with an aim to focus on the core functions, and outsourcing wherever possible; staff remuneration systems including ESOPs; critical analysis of profit centres; budgeting (including cash flow budgeting) and pro-forma (projected) financial statements.
Reporting systems include derivation of a chart of accounts for financial accounting (statutory purposes), management accounting reports (divisional, segmental, product, service or other criteria). For investors or borrowing purposes, a complete prospectus can be derived.
Formulate systems for data capture to ensure completeness, accuracy and the establishment of audit trails (cost effectively). This enables compliance to financial accounting for statutory purposes.
We also establish computerized accounting systems (such as QuickBooks) to cover:
- Charts of accounts in line with IAS or IFRS
- System security for data integrity
- Coaching is on an as-needed basis (online or physically).