CIMA where business + finance meet
Profitability improved by £36m in a four year period
Management accountancy is about being able to interpret information to enable you to identify the key drivers influencing the business. You should then be able to translate and communicate their impact to empower key decision makers.
Clive Hart ACMA CFO Capgemini Consulting UK Clive Hart joined Capgemini in 2001 and took on the position of Capgemini Consulting UK’s financial controller in 2007 working closely with CEO Tom Blacksell. Together they set up a new method of working that didn’t just look at the numbers, but allowed them to act on them and develop strategy accordingly. Between 2006 and 2009 Capgemini Consulting UK bucked the recessionary trend - upping its profitability by 8% by the end of that period and, in doing so, adding some £36 million to the bottom line. Clive feels that his CIMA training has made a real difference in this area. ‘I needed to interpret the information available quickly to identify what needed to be done. CIMA gives you that confidence to react quickly, so the training made a real difference.’ With the systems set up, Clive was able to improve the profitability of the company by analysing the activities of the organisation and highlighting to the CEO where further analysis and action was necessary.
The key was being able to provide targeted, real-time information per individual and business unit as opposed to blanket reports which did not get to the heart of the issue. This enabled clear accountability on sales, cash management and revenue which considerably enhanced the decision making process. This made a big impact on the bottom line. Clive explains, ‘When comparing results over the last 4 years there has been an 8% improvement in profitability. The business is now so dynamic that we are able to react very quickly and better protect the bottom line against unforeseen circumstances.’ ‘Management accountancy is about being able to interpret information to enable you to identify the key drivers influencing the business. You should then be able to translate and communicate their impact to empower key decision makers.’
CIMA value: Capgemini Consulting UK Profitability +8% Profit £36 million Cost savings £750,000 T. +44 (0)20 8849 2251 E. email@example.com www.cimaglobal.com
Published on May 5, 2011