Posts Tagged ‘finance’

Management Information – do you pass the test?

MI or Management Information is vital to running, developing and growing a successful organisation.

 

So what is MI?

Management Information is the lifeblood of the business, or it should be. It should take the form of analysing both financial and non-financial aspects of the business and allows the user to quickly and easily understand the performance of the business or aspect of the business into which they are concerned or responsible.

Is your MI sharp and to the point?

How is it used?

Traditionally this took the form of quarterly or if we were lucky, monthly management accounts comprising of a Profit and Loss account, Balance sheet and in exceptional circumstances a Cashflow statement! The problem was that this information was often provided long after the event and performance dating back 2 or 3 months was irrelevant, especially in a fast moving market and economy. Times have changed and continue to do so. We no longer help businesses prepare the bare minimum of information to indicate the success or failure of recent months. Instead it is a rather interactive affair, whereby our clients can access data in a fast, timely and relevant way and presented in an interactive graphical and tabular format to ensure the end user understands the data being presented.

Who says it is important?

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Financially smart marketing – do your campaigns deliver?

In association with NAME we are delivering a workshop on Tuesday 23rd November (09.30am) with a financial twist and is a great opportunity for firms to be better understanding some of the financial aspects of marketing. Read more →

Training course released – Finance for Non-finance Managers

A new training course has been designed to assist Managers in industry understand the basics of finance. Too often Managers are provided with printed reports each week or month, however they do not neccesarily understand the relevance or indeed the areas on which to focus.

The course covers areas such as basic terminology used in Finance, Ratio analysis, Budgets and most importantly Key Performance Indicators. The course is FULLY TAILORED to your business, and managers are asked in advance for details of reports which they regularly use (or not as the case may be) and requested to fill in a brief questionnaire before the session. For more details please contact us on sales@mintconsult.com