Financial controlling involves the planning, management, and monitoring of a company’s financial flows. The goal of financial controlling is to ensure the financial stability and profitability of a company.
One of the main tasks is financial planning, where plans are developed to achieve the financial goals of the company. Another aspect is budgeting for revenues, expenses, and investments. Additionally, financial controlling involves monitoring and controlling financial performance. Another concept in financial controlling is liquidity management, which includes ensuring adequate liquidity and monitoring cash flow. The next important step is cost control, where cost structures are monitored. Potential cost savings and efficiency improvements are also examined here. Risk analysis in the financing area is also part of financial controlling. This involves planning the handling of financial risks and developing strategies for risk mitigation. The final task is reporting, which includes preparing financial reports for internal and external stakeholders and communicating financial performance and trading recommendations.
If financial controlling is used effectively, the company can react to financial challenges at an early stage and take advantage of opportunities. With the help of our QVANTUM financial planning for automated controlling processes, secure cash flow and convincing reporting, we can make your financial controlling simple and efficient.