Setting budget targets and measuring performance is essential in maintaining control and informing strategic business decision making.
Performance measurement and analysis generally includes
- Analysis of trends.
- Comparison with budgets.
- Comparison with the previous period.
- Outturn projections - actual to date plus budget.
- Comparison with benchmark figures for the business sector.
- Examination of the working capital cycle.
- Review of rolling monthly budgets.
- Cash flow projections/cash management.
- Setting cash collection targets.
Forvis Mazars has the professional expertise available to help you in completing this essential management review and analysis.