Modern Controlling in the Enterprise - Strategy and Tools
Making business decisions based on hard data rather than intuition is no longer optional — it is a prerequisite for survival and growth in today’s market. An increasing number of companies recognize the need not only to monitor expenses on an ongoing basis but also to actively manage their finances at a strategic level. This is where financial controlling comes into play — not as a rigid set of procedures, but as an effective management support system.
Clients delaying payments? Protect your business from liquidity loss
Delayed payments are one of the most significant challenges faced by Polish entrepreneurs. Currently, the average waiting time for invoice payments is approximately 60 days, and in many cases, it exceeds even 90 days. By the end of 2023, one in three companies in Poland grappled with overdue payments, posing a serious threat to financial liquidity, especially in light of today’s economic challenges.
Understand the Differences Between Simplified, Full Financial Accounting, and Management Accounting and Make an Informed Choice
Are you running your own business? Achieving great results and continually coming up with new development ideas? That's fantastic!In this article, I want to persuade you why it's worth implementing full financial accounting as well as management accounting and controlling in your organization without delay.