Controller Management Services – The Vital Link to a Sound Financial Future
Most businesses retain a bookkeeper to manage their day-to-day cash flow and at least consult with a CFO when they need strategic planning. But there is another essential function that companies often overlook: Controller Management Services. Many misunderstand a Controllers’s function, and fewer still recognize its value. But when assessing “bang for your accounting buck,” Controller Management Services are vital and cost-effective. Read on to find out why.
Why are Controller Management Services important? While a bookkeeper manages the ledgers and a CFO sets financial objectives and strategies, it is the Controller who performs the critical task of bridging the two functions. They are the “secret weapon” in organizing and managing your accounting function.
Controllers provide oversight of bookkeepingresponsibilities, coordinate financial analyses, and cash forecasting, develop meaningful metrics that provide ongoing insights, and suggest best practices. Information flow is key, and the Controller is the conductor who keeps the train moving down the tracks.
They are the link between the basics provided by the staff accountants and the higher-level data that CFOs and CEOs rely upon (KPI’s and top-line financials). They review the accuracy of the numbers driving the KPI’s, while also managing key accounting functions including cash flow.
Controllers are up to date on accounting and business trends and can translate the books into useful information, allowing the CFO and CEO to easily make decisions. In addition, Controllers provide critical reports required by your CPA for year-end tax purposes. With technology and applications changing at warp speed, Controller know-how is critical.
Our Controller Management Services are Top-Notch! As you have come to expect, The A Team Consulting, with our full composite of financial services, has excellent Controllers who provide valuable services to our Clients. For example, for one of our Clients, a $25mm service business, The A Team’s Controller manages all of the day-to-day financial details, from accounts payable to payroll, while also maintaining an accurate set of books. The Controller successfully manages a team of two staff accountants that enter day-to-day transactions and provides the CFO with key data enabling the CFO to handle the cash flow management for this Client. Our Client has confidence in its financials knowing that our Team, with the support of the Controller, is coordinating all levels of its financial needs.
Could our Controller Management Services be right for you?Contact us to learn more!
This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Strictly Necessary Cookies
Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.
If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.