As utility finance professionals know, there is no simple formula for monitoring and managing financial performance. O&M and capital spending plans must be developed and kept on track with approved budgets; cash and working capital need to be optimized; and the monthly management reporting process must be timely and insightful to highlight problem areas and drive course corrections.

In truth, there is no end to the short-term, day-to-day, even hour-to-hour decisions that add up to making or not making your financial goals for the quarter (and the year).

Unfortunately, many of these basic financial management processes and supporting systems require a lot of manual intervention, causing delays and frustration among mid-management and prompting senior management to ask, “Why does it take so long?” The inability to monitor the business quickly and efficiently may ultimately affect your company’s bottom line.

MCR works with its clients to define and implement process improvements and supporting technology solutions required to optimize key financial management functions:

• O&M and Capital Budgeting
• Financial Planning and Analysis
• Cash Management and Treasury Operations
• Management and Financial Reporting

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