The value of real-time management reporting

The value of real-time management reporting

Improving your financial efficiency requires a clear overview of your key numbers, so you can track your performance and drive improvements.

This is where detailed, up-to-date management reporting makes a real difference. Management information helps you measure your key performance indicators (KPIs), track progress against your core goals and provide some real impetus behind your progress.

Getting proactive with financial management

By setting up management accounts and KPI reporting in the cloud, you get a real-time overview of your business health, helping to guide decision-making and financial performance.

By drilling down into this management information, you can:

  • Get prior warning of any finance issues – so you’re aware of any cashflow holes, late payments from customers or unplanned drops in company revenue.
  • Plan ahead to avoid future problems – by running forecasts, monitoring your cashflow position and aligning your strategic budgets with your business-wide KPIs
  • Take action and gain control – using the financial insights from your dashboard to flex your operational tactics, rein in spending or make the right strategic decisions.

Talk to us about setting up management reporting

If you are looking to get in real control of your financial destiny, we’ll work with you to set up a management pack and KPI dashboard that puts you firmly in the driving seat.

Get in touch to set up your management pack.

MEDIA RELEASE 7th July 2017 – Xero’s ‘Perfect Bookkeeper’ Wins Top Trainer Award

Wellington-based bookkeeping superhero firm, GoFi8ure, has scooped the Bookkeeping Trainer of the Year – Gayle Buchanan Memorial Trophy at the New Zealand Bookkeeping Association Inc. (NZBAI) annual conference last week – which ran from Friday 30th June to Saturday 1st July.

Recently endorsed by leading financial software provider, Xero, as a ‘Perfect Bookkeeper’, GoFi8ure has dedicated itself to educating and upskilling New Zealand’s Bookkeepers to enable them to do their jobs to the highest standard.

The company currently works with over 750 clients across 20 different industries. Its training division runs programmes for all major financial software systems and has, so far, trained over 2500 Bookkeepers nationwide.

Commenting, GoFi8ure’s Executive Director, Lisa Martin, says: “We are all absolutely thrilled to receive this award in memory of our friend and fellow Bookkeeper Gayle Buchanan. We are passionate about helping Bookkeepers with their professional development. It is fantastic to receive recognition for our training work from the bookkeeping community itself.”

Tania Hayes, GoFi8ure’s Managing Director adds: “Bookkeeping involves complex processes and ever-changing technology. It is a job that should never be undertaken by anyone who isn’t qualified or doesn’t participate in ongoing training – we urge business owners to invest in their bookkeepers by supporting their professional development.”

The conference, the Bookkeeping Association’s fifth, also saw Lisa Martin being presented with the Outstanding Service to the Bookkeeping Profession 2017 award, in recognition of her commitment to changing the perception of bookkeeping from a general admin task that anyone can do, to a highly skilled occupation that promises a rewarding career.

GoFi8ure is a multi-award winning bookkeeping, accounting and financial advisory firm. With its HQ in Wellington, GoFi8ure has branches in Auckland and the Hutt Valley. GoFi8ure also services clients nationwide remotely, using cloud technology. The company is well known for its ‘financial superhero’ branding, which uses cartoon imagery to depict how qualified Bookkeepers can save business owners from the nightmares of financial administration.

GoFi8ure – Excited to be part of Xero’s new Advisors Directory

Trusting who you work with is important, along with knowing that the company you are dealing with is professional and knows what they are doing. That is why we are so excited to be on the Xero Advisors Directory as your go-to professional bookkeeping advisor. Visit our profile by clicking here.