- Turn Around – The do’s and do not’s
- Process Mapping - Administrative processes
- Management Information – Ensuring that you get decision making information
- Due Diligences – Aquismart performs opportunity due diligence
- Due Diligences – Tracking and measuring
- Financial Year Ends – Preparing for the audits
- Policies and Procedures – Ensure your company is protected
- Bonus Audits – the Aquismart approach
- Aquismart performs two stock takes in Tanzania.
Management Information – Ensuring that you get decision making information
Why is management information so important? Why not just work on the financial reports? They do provide all the necessary information! These are some of the comments that we hear from clients when we discuss management information and the importance of decision making information with them. They believe that managing the inputs will result in the outputs being correct and therefore do not need information on the outputs of the company. They can look at the income statement on a monthly basis and make decisions if need be based on this information.
This concept is fine when your company is in a hyper profit situation and managing the results is not that important. However, where the company is results driven, which all companies should be, the optimal management of inputs and outputs is not negotiable. All businesses must have information available when a decision needs to be taken to change the inputs in order to improve or affect the outputs. This is what we call decision making information and we build management information systems around this concept. Our approach to decision making information is to ensure that management gets information that is as accurate as possible and is available as soon as possible after the event. Based on this we developed a 6 pronged approach to management information:
