Management Accounting
Do you and your management team have access to the information you require to make smarter business decisions?
Product / service costing, customer profitability, productivity measures, scenario planning and what-if analysis - these are just a few of the areas where management accounting can provide fresh insight into business performance. As specialist management accountants with expertise in both financial and operational management, we can identify the information that your business needs to help drive real bottom line improvement and value creation. We're also experts in strategic performance measurement systems such as scorecards and executive dashboards, and can help convert the data collected by your IT systems into real business intelligence.
Operational Analysis
Most business leaders understand the need for continuous improvement. However, there is a frustration shared by many that despite the investment of time, effort and resource, the bottom line improvements generated by these activities and initiatives fail to meet expectations. If the rewards are so uncertain, why should this be a business priority?
The most common area of confusion is the failure to differentiate between hard savings and the more intangible productivity gains. If a business reduces expenditure on material, consumables, travel costs or heat, light and power, it is easy to see the savings through the P&L. However, operational improvement often results in a reduction in time required to complete a process. In this case, the business isn't necessarily "saving" anything - it is freeing up resource. This can only improve the bottom line if that resource is then applied to additional value-creating activity.
The problem is two-fold. Firstly, how can we calculate the potential value to the business of such gains, and secondly, how can we be sure that we are utilising the available capacity profitably?
This is where Business Base can help. With expertise in both financial and operational management, we can help identify and prioritise the activities that will have the greatest impact on overall business performance. And with our expertise in activity-based costing, theory of constraints and lean finance, we can ensure that you're creating - rather than destroying - value in your business.