The success and risks of companies can be measured by performance criteria and indicators. By finally measuring strategic and operational processes such as production, inventory management, human resources, sales, purchasing, information technology, and finance with operational and financial indicators, better internal decisions can be made and measures can be taken about possible risks.
Operational and financial reporting informs shareholders, boards of directors and top management in today’s world where fast and agile decisions must be made, fulfills the accountability function and measures the achievement of targets. Thus, the accuracy of the implemented corporate strategies and risk management can be understood.
These decisions and measures may concern strategic areas such as competitive advantage, profitability, growth, productivity, investment, human resources, and cash flow.