Investment controlling in an international group can be exercised through reporting or cash management. The scope and governance of investment controlling defines the subsidiaries’ options and freedom of action. The investment controlling for a subsidiary tracks the strategy execution and reduces risks. Cash management for investment controlling The monitoring of cash flows in a cash… Continue reading Classic investment controlling in a group
Tag: Governance
Finance Department Organization in SME’s
In a Small-Medium Enterprise (SME) several accounting and financial-related tasks are typically headed by the Finance Manager. Whereas in large corporates these tasks are separated under different responsibilities, in SME’s these are often bundled in the Finance Department. The Finance Department of a SME is therefore often composed of these departments: Accounting, Controlling, Treasury, IT… Continue reading Finance Department Organization in SME’s
7 Reasons Why Businesses Need Structure (In The Home Office)
The element of structure is paramount for any organization, especially one that involves remote working in home offices. Essentially, organizational structure encompasses formal and informal procedures and policies that a business owner can use to govern all the operations from a home-office. However, many home-based businesses don’t actually implement working structures in their operations because… Continue reading 7 Reasons Why Businesses Need Structure (In The Home Office)
When a verbal agreement doesn’t cut it
Contracts govern nearly every aspect of day-to-day life in ways one may not even realize. From accepting the Terms and Conditions of an app on our smartphones to haggling over prices at a neighborhood yard sale, contracts are a fundamental part of modern life. We’ll explain what are the benefits of a written contract vs… Continue reading When a verbal agreement doesn’t cut it
Accounting Trends for International Businesses
Today’s accounting department must not only deal with the collection of financial information, but has to deal with non-financial information, controlling, IT and process topics to demonstrate that valid, meaningful actual and planning data can be provided to various stakeholders. The increasing complexity should lead to more transparency, but accounting departments have to adapt to… Continue reading Accounting Trends for International Businesses
Why two functional periods are enough
For all organisations, the difference between success and failure lies in identifying and cultivating strong leadership. Without strong managers weaved throughout the organisation, it’s possible the entire company will stagnate and fail to deliver on the promise of its mission. But how many functional periods shall a manager remain in place? Identifying strong managers isn’t quite… Continue reading Why two functional periods are enough
Help Staff Improve Cyber-Security
Car dealerships have everything that hackers and scam artists love and need to focus on cyber-security therefore. You deal with high-value items and handle large amounts of money. Car dealers deal with people’s banks directly and process stacks of personal information that could be used for identity theft. You process payment information like debit and… Continue reading Help Staff Improve Cyber-Security