While many company owners fly blind without ever reviewing their financial statements, no company can possibly achieve its full potential without using the financial statements as the the instrument panel for guiding operational and financial decisions.
Simply reviewing historical financials, however, is not enough.
It it critical to take the time to use the financial statement to generate a forecast of where the company is headed based upon past performance and then take control of the 'critical factors' that determine the ultimate profitability of the company.
All important decisions should be made in the context of a consistent forecasting/planning/budgeting process weighing the pros and cons of strategic initiatives in a systematic way with real data.
Forecasting is the foundation.
All successful large corporations use a process of forecasting, make plans based upon the forecast and then budget accordingly.
Many of them have hundreds, if not thousands, of people directly involved in this process of providing management with the information necessary to make key strategic decisions utilizing business intelligence systems (BIS) that are licensed at 10s of thousands of dollars per year.
We specialize in working directly alongside management teams to implement these time tested methods and execute strategies by providing our financial and operational expertise and experience on an outsourced basis at a fraction of the cost of in-house personnel or licensed systems.