Our financial reporting applies lean thinking which entails focusing on the value delivered to our clients and on waste elimination through better workflow and material management.
We align financial management with our company’s lean approaches.
Through this approach, it has improved on accounting affairs, simplified our financial reporting by delivering value and optimized work processes.
Application of this approach in our operations has resulted to time efficiency and reduced delivery time.
The process has been leaner with decreased required policies and procedures.
Lean entails numerous tools and techniques, but overly, the emphasis is on:
Complete dedication to providing the utmost value to customers.
Diligently looking at ways of eliminating waste of any kind; transportation, inventory, motion, waiting, overproduction, over-processing, defects, etc.
Conviction, that people are more significant than machines and companies improve through focusing on investing in people’s progress and on treasuring their input.
Improving value across entire organizations, not just in individual teams.
Constant learning and improvement
Flow optimization and ensuring that employees need to work; an organization’s strength comes from optimized suppliers, employees, customer relationships, and processes.
Lean accounting is not just about keeping track of numbers, but ensuring that every financial aspect of the business is in accord with lean ethics. Through implementation of lean accounting, financial information, and processes not only reflect but actively contribute to the success of a lean transformation.
Lean Principles
Lean Accounting Attributes
Lean Accounting Practices
Benefits of Lean Accounting
Reports and information that empower people for continuous improvement.
Heightened decision-making proficiencies.
Better decisions that lead to better deals and better profits.
Comprehensive understanding of expenses to identify areas for continuous enhancement.
Rationalized financial processes for quicker, simpler reporting.