This is a key issue for any business owner as good quality management information systems are fundamental in business planning, strategic thinking and raising finance.
All too often we are called in to look at a business struggling with a particular set of financial issues and our general consensus is that the business owner does not have a clear view of his overall business activity including sales volumes, production efficiency, debtor controls, creditor position including Crown arrears, etc, etc.
From all of our business strategy and planning meetings we have developed a saying -
“to get a man out of a hole, you first have to stop him digging”.
Management information systems can be wide and varied with Quickbooks and Sage leading suppliers of appropriate software but just buying the systems are not a panacea for such a fundamental issue.
Our involvement includes assessing the business case and formulating appropriate systems to provide simple, cost effective solutions that the management can use, understand and assist with all aspect of their planning processes.