The amount of time until the publication of the current results is a critical factor in the success of publicly listed companies in particular.
If the figures are published too late the market becomes very uneasy until publication and there is the danger that they will disappear among the large number of other results published.
Quick and extensive publication of the results relevant to analysts and investors guarantees that the company receives the required attention and the high quality and efficiency of the company's accounting systems is demonstrated to the outside world.
But there are also numerous reasons for non-listed companies to decide for an accelerated and thus more efficient preparation of their annual accounts:
Preparing the annual accounts becomes a non-event using Fast Close. It is possible to prepare the annual financial statement in 3 to 5 days after the period end date!
Efficient and sustainable corporate performance management is decisive for the short-term but also especially the long-term success of a company.
Medium-sized companies in particular often have inadequate corporate performance management:
Working capital management is often implemented after the introduction of value-based control systems, but also in general to release tied-up capital.
The aims of working capital management include:
Studies show that European and especially German companies have substantial shortcomings in the area of working capital management.
Working capital management starts with three relevant business processes:
If a company does not already have medium and long-term plans, it will often prepare such plans for the first time when a venture capital provider comes on board, or for an IPO. Solid financial planning is also an indispensable pre-condition for receiving external financing.
The effects of optimising financial planning are considerable: while plans that are too conservative can result in a company being undervalued or loan applications being rejected, plans that are too aggressive can lead to massive course corrections and a consequent loss of trust by lenders if the planned figures are not achieved.
Extensive, analytically derived financial planning that has been checked for plausibility helps to answer queries quickly and satisfactorily within the context of due diligence investigations, road shows, analysts’ meetings and discussions with banks.
Furthermore, detailed financial planning makes it possible to monitor plans effectively and is thus an indispensable pre-condition for reaching targets that have been set.
Our projects for harmonising internal and external accounting consist of adapting IT systems and interfaces to overall processes, as well as standardising reporting, processes, structures and organisation. There are lots of good reasons for integrating internal and external accounting:
We will identify where action is required and what potential exists on the basis of your company’s existing structures and the processes and methods it uses.