Performance, Measurement & Improvement Service

Inspired by this extract from a recent publication by The Institute of Chartered Accountants in England and Wales…
Every aircraft in the world would be grounded if air traffic control relied on the same type of system as companies use to report their information… current reporting formats provide too little too late.
… we have worked with hundreds of other leading accountants across the UK to formalise a 9-step best-practice process called the Performance Measurement and Improvement System, ‘the numbers’ based on what the UK’s most successful businesses do every single year.
Performance Measurement (KPIs) Prospero Accounting

What do you really want out of your business performance measurement (KPIs) and your life? Getting clarity on your business and personal goals.

Developing your plan - The strategy, plan and financial forecasts that will allow you to achieve your goals.

How are you doing? - The key numbers you need to collate performance measurement (KPIs) to ensure you are on track.

The financial accounts the law says you must produce each year.

How your performance compares to previous years – The trends in your accounts over the last five years.

How your performance compares to your competitors – benchmarking your performance against others in your industry to identify your strengths and weaknesses.

How much is your business worth? The capital value you have generated and how much a buyer might be willing to pay for your business.

Improvement potential – sensitivity calculations showing how much more profitable and valuable your business could be.

Improvement action plan – a detailed action plan setting out precisely what you are going to do to improve your performance measurement (KPIs)

If you would like to find out how we can help you or your business please call us now.