Management Control and Finance

Markets and competition can be compared to a storm on an open sea: the conditions can and do change inside of days. Consequently, navigation causes a lot of headaches in Management Control. Among the flood of indicators today it is a real challenge to identify the most critical for staying afloat. How do you know when to make the right decision at exactly the right point in time?

Not to mention, Management Control Systems are often too inflexible, too focused on the past, and occasionally inflated and bureaucratic - not particularly effective when sailing in rough seas. The Management Control department must improve its performance to successfully steer the company through today's turbulent environment.

Competence

Horváth & Partners, now that's Management Control! We can say this with confidence, because Horváth & Partners has been providing companies with the support they require in all areas of performance-based Management Control for over 10 years now.

Who else can boast of the same array of renowned Management Control experts from industry and academia? Building on this huge knowledge base, we have been able to develop a systematic approach which delivers sustained performance improvement for Management Control Systems. The Horváth & Partners Management Control System is a module based concept which we tailor exactly to our clients' individual needs.

First we reposition the Management Control department within your corporate structure and culture. Next we establish the current performance of your Management Control structures by analyzing the current Systems, and by performing benchmarking studies. During the modernization phase we implement new and more powerful methods and instruments. We help you create a new Management Control design which is exactly tailored to your situation. One of our fundamental principles is to accept responsibility for the realization of goals, which means that we move on to transferring the new measures into working structures and processes. This stage includes teaching your people to adapt to the new processes.

Creating innovative Management Control Systems, or individual components, perfectly suited to their specific environments, is one of our core competencies. Of course, we also develop new areas of Management Control for our clients, early diagnosis systems, performance measurement, and the linking of risk management to Management Control. Why do we do this? We are convinced that the search for new competitive advantages and market opportunities is also a major part of Management Control. Instead of a tool to administrate the past, Management Control should be a way to shape a company's future. We will accompany you through this paradigm change.

Topics

Our consulting services consist of the following categories.

• KPI Systems
• Group Control
• Performance Improvement of Management Control Systems/Controlling Audit
• Finance Excellence
• Management Accounting & Controlling and Finance Organization
• IFRS and Harmonization
• Working Capital Management
• Advanced Budgeting
• Cost accounting and financial reporting
• Reporting
• Risk Management
• Value Chain Controlling
• Financial Shared Service Center