Lean Accounting Series : Article 8 - The TAT for sending crucial information is Now!

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Crucial Information must travel at the speed of light

Important information must reach the right decision-makers at the right time. But crucial information must reach the decision-makers at the time it is discovered. Crucial information if delayed can result in huge losses. The accounts department comes across crucial information more often as it deals with numbers This information must reach the right decision-makers and flagged off as crucial information so that it can be actioned upon at the earliest. Information that is crucial and not reported at the right time results in aftermath that consumes more resources, more time, and either monetary loss or reputational loss. Lean Reporting focuses on the delivery of crucial information on time in an ideal scenario the moment it is discovered.

Lean Reporting focuses on the timing of information too.

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