This free, interactive tool is designed to assist business decision makers in evaluating and improving the quality of their Management Information (MI).
The purpose of management information is to inform and support the decision-makers of a business, allowing them to make better decisions, build more robust plans, and ultimately drive growth and efficiency. Good management information provides useful, actionable insights in a digestible format. Without strong MI, a business is flying blind.
MI can range from the basic to the complex, and can look both forward into the future, and back over previous reporting periods.
Management information is only beneficial if used well. It will exist for any business that is active but, if not used, it has no real purpose or benefit. Our team has produced a number of helpful blogs on this topic, which you can read using the link below.
Artificial Intelligence is reshaping industries at lightning speed, and accountancy is no exception.With the rise of AI accountancy software and tools promising automation and efficiency, many business owners are asking: Can AI replace my accountant?
Management information (or MI) comes from multiple sources and covers everything from business operations (such as sales, customer interactions, loss and revenue over a set period, or supply chain) to financials.
Management accounts, also known as management information reports, are reports prepared for the use and benefit of internal management or for external stakeholders in a business, such as banks and angel investors.
