Once a company’s goals have been defined and budgeted, they have to be monitored efficiently. Internal reporting is often too lengthy, doesn’t necessarily focus on the real goals, or needs to be slimmed down. Usually just a few key figures are enough to manage the company, and for the whole company to focus on. We provide reporting that’s oriented to decision-making and the receiver, with just a few, unambiguous key figures and clear structures.
Reporting to owners or external stakeholders like lenders is also extremely important. For example, if certain financial covenants have been agreed with providers of financing, those arrangements too must be included in the company’s target system, and consequently also in its reporting. That enables the company to actively manage compliance with those covenants. In the design and preparation of reporting, we can draw on extensive practical experience and ensure the best approach for your company’s situation.
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Whistleblower Protection Act: What companies must do
With the so-called Whistleblower Protection Act, the German legislator has implemented the EU's Whistleblower Directive into German law in May 2023. The Whistleblower Protection Act has been in force for larger companies with 250 or more employees since June 2023. Smaller companies with 50 or more employees must comply with the provisions of the Act since December 17, 2023. ...read more