Controllership

Controllership brings together the processes that organize a company's back office, cash and management information. Companies usually struggle with the complexity of the back office and, in particular, with cash management, which is vital to controlling the business. TCP uses a product designed to reduce complexity so that managers and owners can focus on the business.

Signs that a company needs controllership

• Cash is tracked in an improvised way and payments are decided without a view of the forecast.
• There is no budget and no tracking of actual against budget.
• Owners receive late numbers, or in a different format every month.
• Each area has its own indicators, with no single dashboard.

The five basic controllership processes

1. Cash monitoring

Immediate control over cash movements: actual cash flow, cash flow forecast and a payment approval committee.

2. Budgeting and financial forecasting

Building or adapting a model based on history, zero-based budgeting (ZBB) and the company's expectations, bringing together the company's action plan and projecting the cash flow, income statement and balance sheet, with actual vs. budget tracking.

3. Financial results

The company's overall result: cash flow (actual and budget), income statement (actual vs. budget) and balance sheet.

4. Presentation to shareholders

Summarizes the previous month's financial result and compares it with the budget, with the main business analyses, decision points and timely topics.

5. Operational monitoring

Recurring reports with essential information, split by profit center or area: KPIs, operational dashboard, ranking and business-specific analyses.

See also: diagnosis, interim management and IT services.

Talk to TCP about your company's controllership →