To provide financial information to help the company directors make informed decisions on a timely basis.
The company had been operating without any real time financial systems in place. The directors run the company based on their knowledge and experience rather than detailed budgets and actual cash flows. As the company was growing, there was a need to implement robust accounting systems which would record sales and expenditure, while also creating detailed budgets for use in a Profit and Loss account. This information had to be available as soon as possible after month end, using their existing software capabilities (i.e. Microsoft Excel)