Hi Paul, excel was definitely my oxygen for many years but now am starting to accept that well designed software can do a much better job (for most things - not all!).
Having said that, the hundreds of SME business owners I've worked with over the last few years generally see little value in traditional management accounts, no matter how slick they look. They are interested in where they are headed and what actions they need to take to ensure good future performance.
There is also a good understanding of how other data sources can drive business performance.
I would definitely consider incorporating common non-financial data sources, such as google analytics, and think about how you can use data on actual performance to help tell businesses where they are headed
My answers
Hi Paul, excel was definitely my oxygen for many years but now am starting to accept that well designed software can do a much better job (for most things - not all!).
Having said that, the hundreds of SME business owners I've worked with over the last few years generally see little value in traditional management accounts, no matter how slick they look. They are interested in where they are headed and what actions they need to take to ensure good future performance.
There is also a good understanding of how other data sources can drive business performance.
I would definitely consider incorporating common non-financial data sources, such as google analytics, and think about how you can use data on actual performance to help tell businesses where they are headed