MANAGEMENT
REPORTING
Management Reporting is so much more than just providing the daily, weekly and monthly financials.
Great management reporting collects ALL information relevant to a specific context (Financials, KPIs, Benchmarks, market intel, Risk evaluations, expert statements etc.) this also implies filtering away any irrelevant information - we call this Contextual Management Reporting.
This type of management reporting requires strong cross-functional collaboration and internal openness, which is never as easy as it sounds - but when done right, it will lift your management reporting to new highs and provide management with great insights and knowledge to act!
EMPOWERING MANAGEMENT
WITH INFORMATION
Asking management what information they need to have, will never provide you with the answers required to generate strong management reporting - the reason being they don't know before they see it or suddenly needs it!
Therefore, a management reporting framework must be agile and flexible enough to serve the ever-changing requirement depending on context and current management discussions and strategic choices that are to be made.
To create a context-based Management Reporting framework will require a focused effort and probably some organisational changes, but once done it will generate value on a daily basis for management and all involved stakeholders
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