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Management control is the instrument that helps to recognise whether the decisions taken and the management carried out are effective in meeting the proposed goals, providing the keys to making the necessary corrections to do just that.
To do this, an IT system is needed that is used, not only to cover operational or compliance needs, but that also helps to analyse the information available, seeking a clear vision of the existence of deviations and the effects of the decisions taken.
Systematic reporting that enables the up-to-date analysis of the available information and the anticipation of future results is key to detecting, in good time, and taking effective action to deal with negative changes in the evolution of the company or market opportunities.
Furthermore, it is necessary to accurately draw up the table that summarises the key information for the managers that are responsible for making the strategic and operational decisions within the shortest time possible, while also enabling information to be obtained from the data through segmentations and the in-depth analysis thereof.
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