Challenge : Management Reporting
Insightful, Accurate and Value Add Management Reporting which makes a difference
A leading and long-standing furniture company in Dubai had lost their key employee who was in charge of all their management reporting. The reporting was a crucial element of decision-making for the management. The client had a bespoke management information system that was not easy to understand and report from. However, Credence took up the challenge and gave a complete set of management reports that were required. In the very first month, Credence highlighted that the capital gearing structure of the company was not correct and posed a risk to the business. The management implemented the suggestions and de-risked the business as well as saved significant amounts in finance costs.