MONEY
• Design routine reporting packages to pro- a result of improved financial clarity and the
vide management with accurate, timely, and reduction of unknown obstacles. A properly
relevant financial and non-financial informa- structured accounting and financial infrastruc-
tion ture will make many decisions easier for man-
• Ensure that financial records are organized agement and give quick feedback about prior
to facilitate year-end audits and tax returns decisions and if they have led to the expected
results. Financial clarity is becoming more im-
Companies that make the investment in build- portant as changing markets complicate de-
ing out their accounting and financial infra- cision making and increase the importance of
structure experience significant benefits, in- solid financial information and feedback. Com-
cluding improvements in the following: panies that understand and react to accurate
and timely financial information will find it eas-
• Quality, accuracy, and timeliness of financial ier to make it through these difficult times and
and management information remain in position to grow during the recov-
• Understanding of current business perfor- ery.
mance
• Decision making capability
Ted Rose is the President of Rose Financial Services, based in
Rockville, MD. If you have any comments or questions, he can
• Planning and ability to project future results
be reached at
info@rosefinancial.com or 301.527.1130.
• Ability to hold department heads and proj-
ect managers accountable for financial re-
sults
• Relationships with most stakeholders includ-
ing bankers, customers, vendors, and em-
ployees
• Tax planning capabilities
• Cash flow through better management of
payables and receivables
• Value of firm during a merger or acquisition
All of these improvements will reduce the day
to day stress that management experiences as
June 2009 1
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