Flash Monthly Position
Hertfordshire Partnership University NHS Foundation Trust, East of England, Mental health
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Hertfordshire Partnership University NHS Foundation Trust, East of England, Mental health
The Finance Team need to be able to report an expected financial position in time for the first Executive Team meeting of the month, rather than waiting for the full month end process to complete, because otherwise the Executive Team do not have the information they need in order to make key financial and operational decisions for the Trust, in enough time to make a difference in the same month.
The tangible product is an excel sheet with the Flash Position on Working Day 1, and a narrative report for the Executive Team on the first Monday of month end process.
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Read now“it addressed the issue of getting high level financial information in a timely manner to Executives to support decision making.”
“Helped change the focus of the senior finance team to look at the wider (and therefore hopefully the strategic) picture.”
“Clearer understanding of materiality across the finance team meaning they will focus on making adjustments to what ‘really matters’”
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