These are the processes and controls for providing financial and economic information.
This enables management (and others) to guide and control the business. The activities
The owners, boards, presidents and CEOs of excellently run companies understand the
strategic, tactical and operational importance of their financials.
Their management teams know the inner workings of the underlying transactions, and
how to control costs and manage margins to generate net profitable income.
Many potentially successful companies struggle needlessly and some fail due to misunderstandings,
poor decisions or bad timing about their companies’ financial health - their sales,
costs and margins.
Budgeted cash flow is at the heart of a company’s success and often times, its survival.
FarLook helps strengthen management’s ability to:
This is worth repeating:
When members of the management team are ineffective or inefficient, they usually
spend too much time doing their employees’ hourly work:
There is an 80% possibility of improving in-scope net profit by 300%.