… many new questions arise. From 2011 to 2017 Pascal has been straining himself and has managed to turn the 1-man-bag into a company with 30 employees. But Pascal did not put the profit into his own pocket, but always reinvested it. And made sure that all employees can think along entrepreneurial lines.
If employees are to think along entrepreneurial lines, they also need the necessary knowledge about the situation of the company. We received a business management evaluation from the tax consultant every month. The operating result was a profit - so far, so good. But so many questions remained unanswered for us.
What do sales and distribution cost us? How much do we spend on recruiting or training? What percentage of our turnover is recurring income?
We found out: The business management evaluationis a product of accounting, but for us it is not a helpful control instrument.
The bueiness management evaluation only ever provided us with a view into the past. However, in order to make business decisions, we need a look into the future, with valid figures.
… you'll build one of your own. This is how we programmed LiquiBuster in early 2018: A contract-based financial software that gives us a daily overview of our income and expenses, which allows us to easily create forecasts, explains the movements on our company account and also takes care of invoicing and dunning.
"Companies that can react flexibly to requirements and are open to change are usually also transparent. But often documents are still sent back and forth for this purpose and there is no uniform system. One thing is extremely important here: mutual trust."
"The connection between numbers and people is often not present in people's minds, and change management is also often separated from financial lines of action. A transparent system can connect this and ensure that data-based decisions are made by all employees."
"There are many systems that map key figures. In agile companies, however, these often do not work, so that controlling does not work properly. People need key figures that they understand and that encourage them to think for themselves."
"Many companies are not yet mature enough for financial transparency towards their employees. However, a definite place where information is collected and compared can also give these companies security, for example when setting up a new division".
"The glass company is a small, current trend. With my clients, I have seen the positive effects of financial transparency: Employees are more actively shaping the company."
Visible at first glance: Which revenues and expenditures were unplanned, which are still to come and what the next few months will look like financially.
By clicking on the respective bar, we can find out exactly how the figures come about.
In order to be able to make entrepreneurial decisions, you need to know how much money you earn with which customer - and how profitable the individual projects actually are.
A company account is constantly moving. With the aid of Bank Account Forecasting, ups and downs can be predicted - for investment decisions or discussions with the bank.
To know 2 months later how the company is doing often does not help much. And does the reported profit on the business management evaluation even correspond to the actual profit?
All income and expenses can be categorized individually so that we really understand what brings in or costs how much money.
All customer and supplier contracts are created in LiquiBuster. The transactions display planned payments and are linked to real account movements. Therefore, we can rely on the numbers and all our questions are answered.
"It's really motivating to plan offers and see how the revenue bar in the dashboard gets higher as a result!"
"If I have to make a business decision, for example whether to hire a new employee, I have all the data I need in LiquiBuster with just a few clicks".
Budget planning the way you want it - clear and forward-looking. And I can write invoices with just a few clicks. This leaves more time for the essentials: working for our customers.
"Which software supports a culture based on transparency and shared responsibility? Even in the areas of growth and liquidity? Right, none. So we built it ourselves."