Sooner or later all successful companies reach a level where traditional accounting and ad-hoc decision making processes are no longer satisfying. Management accounting is a tool which helps the company leaders to see a real-time picture, understand the underlying issues, make fact-based on-time decisions, and foresee the consequences of strategic moves.
We work with clients on:
Assessment of real needs and design of the management accounting system requirements. MCG is always ready to offer management accounting solutions which will fit the size and complexity of your business. We will not necessarily suggest you to purchase advanced IT solutions or hire a whole team of analysts to collect and deal with the data. MCG will first assess the current needs of your business, and look for the most suitable solution. Our experience proves that usability and management commitment to evolve to a new level of decision making processes is far more effective than revolutionary changes of IT platforms.
Development of management accounting procedures and templates. After the formal requirements for the new management accounting systems are approved, MCG will develop and outline the algorithms and calendars for data collection, interpretation, and “dash-boards” reports fulfillments. Here MCG team will work closely with the client’s task force. The close cooperation is important to ensure the knowledge transfer. The work stream ends with trainings and workshops to communicate the new system.
Support on management accounting system implementation. If the changes of the management accounting system are significant MCG is ready to support the client during the implementation stage. Not only MCG team will help the client to go through the new business process procedures, but also add value through the improvement of the concomitant areas (e.g. KPIs, motivational system, projects prioritization, strategic budgeting)