Running a Managed IT Services company is a dynamic and demanding job. From providing immediate support to address client’s urgent technical issues through to managing and co-ordinating your internal teams, it’s easy to get caught up in the whirlwind of daily operations. When you are so deeply involved in the day-to-day operations, it can be challenging to keep an eye on the broader strategic goals.
Even where you do have strategic goals and a long-term vision for your company, you need to ensure that you are closely monitoring and tracking the key business drivers that will help you achieve this vision so you don’t stray from your intended path. Therefore, for successful Managed IT Services providers, regular and easily digestible management information is an indispensable tool.
The investment in management reporting has the potential to repay itself quickly as it will provide you with a platform to predict and plan your next step. It’s also a form of risk management, as without timely management information, you run the risk of not identifying potential risks and detrimental signs before they’re too late to avoid.
We look to support our clients to look forward at the road ahead but also to enable you to make informed decisions based on historical trends. We don’t want you and your business to only look in the rear-view mirror at the past as you will forever be hostage to the economy and the environment.
Therefore, we’ve pulled together this guide to help you understand:
- What does useful management information look like?
- What financial KPIs should your company track?
- What non-financial KPIs do you need to track?
- How can you budget and forecast to the future?
- What useful technology products can help you with this management reporting?
- How we can help…
If you have any questions or need support with your company’s finance function, then please do get in touch.
