The finance function of an organization can contribute significantly to a company’s operating success. The key is how the financial leadership communicates with sales and operating staff. Creating a flash report can make a huge difference in your communications
Creating a Flash Report
The flash report details the organization’s liquidity, productivity, and profitability. It is meant to be a current summary of the company’s performance as a whole, as well as how the efforts of the company’s individual departments tie to productivity and profits.
The flash report differs significantly from the standard monthly financial statements. It’s purpose is to show a company’s leadership where they are, and where they are headed, as opposed to where they have been. It highlights strengths, weaknesses, as well as trends in each.
Does your organization use a flash report? If not, why not?