Does your company have a meaningful budget process? Do you have a cash monitoring and management program? How using a Financial Dashboard will help.
Wunsch & Basile favors a detailed, bottoms-up, budget process that is derived from the top-down model defined in the company’s planning process (“Plan”). We will lead the bottom-up process by detailing programs, projects and investments by function. Progr am spending will be summarized both quantitatively and qualitatively by project, resulting in an expected Rate of Return (“ROI”) on the investment.
Wunsch & Basile will lead the process to prepare and present the Plan to the Board of Directors for authorization. The Plan will be presented in information layers. High-level presentations will include the following:
Wunsch & Basile will lead the process to prepare and present the Plan to the Board of Directors for authorization. The Plan will be presented in information layers. High-level presentations will include the following:
• Market analysis • Defining company’s target market
• Market drivers • Competition • Strategic actions
• Proposed investments • Financial plan
Wunsch & Basile will design a monthly reporting process that is coordinated with the Plan. We recommend a “financial dashboard” issued within 3 days of the period end that contains the following information measured against Plan:
Revenue • Booking • Backlog • Headcount • Cash summary • Operational spending
The financial dashboard is intended to present meaningful information to management in a concise format.
