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F&B and Hospitality
Setting a data-driven approach
Adequate control of business performance, both business and financial, to make informed strategic decisions.
Finance Transformation
Results
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1
Implementation of Financial Controlling: monthly monitoring of performance, analysis of variances vs. budget, and identification of improvement opportunities.
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2
Development and promotion of a budget-oriented corporate culture.
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3
Implementation of an incentive system for Top Management linked to business performance.
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Structuring of Business Controlling with BI systems.
Approach
- Clarification of medium and long-term business objectives.
- Assessment of the AS-IS situation: analysis of the Business Model, internal processes, reporting mapping, organizational structure.
- Verification of the adequacy of internal processes (with a particular focus on AFC processes) to ensure monthly financial reporting production.
- Creation of a Budgeting & Controlling model.
- Structuring of team procedures for periodic closing, with information cycle management.
- Meetings with top management for budget definition: implementation of a clear incentive system based on budget achievements.
- Implementation of a management incentive system: creation of financial and budget-based goals.
- Creation of directional reports and periodic meetings for data sharing.
- Creation of reports using Business Intelligence systems (Power BI) for a data-centric Business Controlling (sales analysis, order efficiency, productivity, etc.).