Controllership and finance
Many companies recognize the importance of controlling and finance in the impact of their actions. An area that, through transparency in processes, can find your mobile number database bring countless benefits to the organization.
Speed and security of information and support for decision-making are some of them. In addition, controlling and finance are interrelated, which adds efficiency, profitability, productivity and cost the basics of email newsletters reduction.
What is controllership?
Controllership is an area of Accounting Science, but it is closely related to administration. Due to this fact, it can be divided didactically into administrative controllership and accounting controllership.
The methodology used in controlling is based on the control process , through previously text services established quality standards, focused on the planning and budget drawn up by the organization.
Thus, the controller makes important contributions to organizational progress, enabling the organization to balance itself in the face of difficulties existing in its operational environment.
Controllership and finance , in turn, carry out practical work that goes beyond bureaucratic aspects. These include calculations, financial and operational cost controls, hiring employees, purchasing materials or monitoring finances.
In this context, the main functions of this area are:
- develop, maintain and systematize operational plans consistent with organizational objectives, that is, that are related to the company’s mission;
- organize, evaluate and understand the data collected in order to make more assertive decisions and generate the demonstrations required by stakeholders ;
- update business management costs so that information remains secure and serves as a basis for company control; and
- oversee taxes and maintain relationships with external and internal auditors, while monitoring treasury functions.
Therefore, this is a strategic function with a managerial role. It needs to be performed by a controller .
This professional, who specializes in Business Management and Controlling, needs to have broad knowledge. This knowledge must ensure the evaluation of management indicators and a clear breakdown of information.
The importance of controlling and finance in business management
The controller’s office plays a fundamental role in business management. It controls the various sectors through planning, organization and project execution.
As a mission, the controller must provide continuity for organizations and one of its objectives is to meet the information needs of managers.
It was through the comptroller’s office that many Brazilian organizations evolved in terms of structure and cultural models . It was through this methodology that they began to act proactively, efficiently and in accordance with the relevant standards, legislation and procedures.
This requires the professional in this area, the controller , to have solid training and a stance on personal and managerial styles, giving strong value to leadership profiles and motivational culture.
Thus, it is possible to create attitudes and behaviors necessary for changes, innovations and survival in the market.
Know the duties
In general, controlling and finance encompasses the entire administrative and financial side of the company.
The comptroller’s office organizes financial and accounting operations, as well as controlling and monitoring activities. In this area, we can mention:
- cost management;
- formation of the sales price;
- development of strategies for raising funds;
- analysis of employee productivity and performance; and
- cash flow.