Transaction Support

Financial Optimization

Handelsblatt Top Beratung 2023

Financial transparency is a significant factor for any company. It makes businesses more agile in their everyday operations – and in times of crisis.

New regulatory regimes, internationalization, digitalization – businesses today are constantly having to adapt to changing conditions and withstand increasingly intense competition. If prices then fall, margins shrink or competing product innovations erode much of their market, companies need to be absolutely clear on what their precise financial situation is.

RITTERWALD has a mastery of all the tools of the trade that facilitate financial transparency for our clients. By showing you how your performance is doing at any given moment, exactly how your margins are made up, which products or sales channels are the most profitable and so on, we help you align your business optimally, maximize your earnings and secure your profitability long term.

Digital controlling

Controlling and management accounting tools fulfill a special role when it comes to financial transparency. Today’s digitalized data and processes as well as powerful business intelligence applications enable us to deliver up-to-the-minute financial evaluations tailored to the specific audience and to perform in-depth analyses on relevant aspects. Besides facilitating all of this, the tools also provide transparent management reporting to support decision processes.

Analysis and tool selection

Tasked with the financial optimization of your business, RITTERWALD will analyze where your company currently stands financially, formulate where you want to be and select the appropriate applications and tools to help you get there. We’ll design the necessary controlling and management instruments and adapt them to your company’s financial processes to provide a basis for assessing your financial transparency.

How we create internal transparency

  • Develop a monitoring system for management control and visualization of relevant KPIs, e.g. in a management dashboard
  • Differentiate between operational and strategic controlling
    • Operational controlling: Direct costing, income statement, cash flow statement, budget planning including comparison of targets/actuals, break-even analysis, balance sheet consolidation
    • Strategic: Balanced scorecard, SWOT, scenario and risk analysis, benchmarking, portfolio analysis
  • Ensure digitalized capture of daily data on a revolving basis
  • Have digital reporting and analyses supported by business intelligence apps and suitably adapted financial and business processes
  • Enable user-specific analyses, giving you the possibility to independently carry out whatever detailed analyses you need
  • Display all changes transparently in red/amber/green traffic light systems and charts
  • Present all results summarized in management dashboards

How we create external transparency

  • Develop a reporting/controlling system for external investors (e.g. banks, private investors)
  • Facilitate certification in accordance with predefined standards/labels
  • Present data in a digital format, for example through a business intelligence app
  • Focus on timely and consistent data delivery, e.g. when financial covenants need to be met
  • Ensure regular, transparent presentation of uniform/consistent KPIs on the company’s development, including any additional explanations required