Aligning a management accounting system

Industry:Professional services| Country:Russia
27/05/2021

SCHNEIDER GROUP reviewed the company's management accounts, budgets, business processes and overall financial structure. Our team came up with a number of suggestions to improve the company's processes, define a management accounting system, develop accounting policies, use optimal forms of management accounts and automate workflows.


Customer

The challengeThe solutionThe result

The challenge

A Russian communications agency was active in a number of countries on a regular basis. It had its own accounting division as well as a financial service that handled account preparation and control. The management accounts, on the other hand, were delivered to the company's owners with long delays and some discrepancies. Using potentially irrelevant or inaccurate data to guide decision-making was difficult and risky.

The solution

We reviewed the company's management accounts, budgets, business processes and overall financial structure.
Our team came up with a number of suggestions to improve the company's processes, define a management accounting system, develop accounting policies, use the best forms of management accounts and automate workflows.

The result

The customer accepted our advice and even signed a recruitment contract with us. Our company's experienced professionals carefully screened candidates and hired an employee who met all of the criteria and is now successfully working for the company. Processes at the customer's location are much more efficient as a result of our consulting assistance and guidance.

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