United Kingdom

Effective Decision Support 

As businesses are evolving, the need to provide information that allows effective decision making is more prominent.  Today’s CFO needs to embrace this demand and enhance the decision support capabilities of your business.

Effective Decison Support

Decision support should inform and enable a business’s commercial and strategic goals and objectives.  This capability requires strong financial analysis and insight to help the business to make better informed decisions. This capability should include the ability to:

 

  • Produce fast and accurate analysis on key business issues and parameters that impact current and future profit and revenue growth
  • Challenge and validate assumptions made, and provide scenario type analysis on commercial proposals


Businesses are now facing the issues of data overload which has the potential to impact the timeliness and relevance of information produced. For instance our experience indicates that the average budget cycle time is in excess of four months and forecasts are in excess of two weeks.  Information is therefore out of date by the time it is produced.

 

In addition as the demand for information increases, businesses should consider what information they really need to achieve their strategic objectives and avoid information  overload.

 

Key questions for you to consider
  • How confident are you in the market projections you make externally?
  • Is your planning process seen as adding insight and value by the business?
  • Does your performance reporting provide actionable insights?
  • Does your performance reporting allow Finance to effectively partner the business?
  • Can you identify and target customers that drive your profit?
  • Do you know what products and services are under performing?

 

How KPMG can help

 

KPMG is considering these challenges that business face today and helping our clients overcome these and other related issues.  Our Effective Decision Support approach can help businesses with issues-led offerings which are tailored to your business.

 

Our team can help businesses achieve greater clarity by focussing on three key areas:

 

Planning, budgeting and forecasting

Planning, budgeting and forecasting

    Assisting businesses to make decisions/actions focusing on attaining strategic goals with clearly defined accountabilities in the planning cycle and encouraging the right behaviours to provide:

     

    • Greater accuracy is achieved building greater market confidence
    • Reduced planning cycle times

Performance Reporting

Performance Reporting

To allow businesses gain performance transparency from strategic goals to operational metrics, through effective management of data and production of insightful information which can:

 

  • Align performance consistently across the organisation
  • Focus on the true drivers of value and controllable elements of performance

 

Dimensional Profitability

Dimensional Profitability

      To help businesses move beyond traditional costing approaches (ABC and standard costing) by aligning costs and revenue to relevant dimensions (e.g. product, service) to allow:

       

      • Insight into what products and service to focus on to grow business and market share
      • Identification of products/services and activities that destroy business value

Contact us

Simon Osmer

Simon Osmer

Partner

Management Consulting

020 7311 8104

Email Simon

John O'Mahony

John O'Mahony

Director

Management Consulting

020 7694 1787

Email John

Nick Mountcastle

Nick Mountcastle

Director

Management Consulting

020 7694 3532

Email Nick

Roger Copleston

Roger Copleston

Principal Advisor

Management Consulting

020 7311 1448

Email Roger