Financial management should be seen as separate from financial reporting. Financial management is about good management, not simply stewardship of the finances of an organization. It is about achieving the organization’s strategic objectives through managing performance and incorporates corporate governance, effective use of resources and continual improvement
Within G.C LTD’s financial management unit we are able to provide innovative yet practical advice on the application of the latest financial management techniques covering such areas as:
- Strategic management including: visions, strategy development and corporate planning; reform of resource allocation and business planning processes; advising on appropriate corporate models; business and product viability; and advising on the implications of the business environmental.
- Performance management including: effective management information and Board reporting systems; establishing performance measures; establishing governance arrangements; driving productivity improvements; process redesign; development of Balanced Scorecards and other measurement frameworks; and improving the finance function (including health-checks).
- Costing and pricing advice identifying and assisting on pricing decisions (including rates of return); undertaking internal and external benchmarking; improving financial management systems; improving budgeting, forecasting and monitoring systems; costing (including Activity Based Costing); and business and forecast modeling.
Decision management including: undertaking value for money reviews; feasibility and scoping studies; options and investment appraisals; business case development; and decision support.
Effective financial management is key to driving better organizational performance whether through ensuring the organization is doing the right things, ensuring it has the right resources or through ensuring that those resources are delivering maximum benefit. Financial management ensures that the information provided, both financial and non-financial, enables organizations to make the right decisions. G.C LTD, with a wide range of qualified accountants, financial managers and experienced facilitators in the area of financial management, are well placed to provide you with the appropriate advice and support to maximise operational effectiveness.