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What is Management Reporting?

Management reporting systems, as the phrase suggests, captures all data by a company’s manager in order to run the business. For the smooth running of a business, data needs to be collected by using a management reporting system, especially…

Tips on how to Improve your Financial Reporting Process

Production of informative financial reports for both internal leaders and external stakeholders is becoming more difficult each year. The data workload from several departments within a system is really increasing for the financial reporting…

Why ERP Projects Fail

ERP (Enterprise Resource Planning) projects should be an important segment of every successful business. They will help you reduce cost and streamline processes while providing visibility in operations which is crucial for making sound and fast…

What is a Project Manager and What Do They Do?

The practice of planning, executing, controlling, and closing a project is known as project management and is one of the crucial segments of running a successful business. Hence, the role of a project manager is of the utmost importance for…

What are the 12 Key Elements of a Project Risk Register Template?

Running a successful business requires lots of time and effort. However, with the help of a Project Risk Register Template, a handy tool to quickly and easily carry out a full risk management process, and Latitude 12, a business management agency…

What is Management Accounting?

As a business owner you should know that management accounting involves providing and preparing timely statistical and financial info for business managers, so they can make daily and short term financial decisions that will be best for the…

Tips for Growing a Successful Business

Today, flexibility and great planning and organisational skills are key to growing a successful business. However, building successful business from the bottom up is actually a lot more difficult and challenging than most people think. But,…

The Difference between Financial Reports and Management Reports

In general, business owners understand the importance of the usual monthly financial reports, but many aren't familiar with management reports. Namely, there are various kinds of management reports that are very helpful and beneficial for increasing…

Benefits of Hiring a Business Management Agency

The truth is, technology, regulations, and competition are all changing quite fast. Thus, every business owner must put a lot of time and daily efforts if they want to see their businesses grow. Luckily, you don't have to do this alone. Latitude…