Greening finance and the necessary segments in your business is a sustainable activity demonstrated by increased efficiency and spending less money. Greening finance data takes your accounting into the future by questioning the inputs your company uses to deliver your product.
Sustainability is a multi-layered topic. Where do you begin?
Managing internal controls governance with your budget is a big step. It is easier for big companies with dedicated internal control specialists and consultants; however, a one-size-fits-all approach rarely works.
Reviewing your business’s carbon footprint by setting up green data reporting is the first step of many. This focus starts with energy inputs to show cost peaks and troughs.
Implementing controlled self-assessments is another. Employees when asked to review their work and challenge the green aspects, often commence subtle changes that make a difference to bring results.
Debra (our Principal) said: “We make sustainability practical for every small business owner. It was also important for us to be useful for SMEs and mid-sized Governance Managers, as we understand the budget constraints. That’s why we created the Prov3-IT accounting internal controls review. The review shows small business owners how to use green finance data and use that information to value change. Checks are executed at their own time and pace. We also look at other business areas to identify the quick wins and design a long-term plan to create a budget that considers available capital and risk comfort levels.”
Building a sustainable internal controls program isn’t just about getting all points in your supply chain to tick boxes and follow procedures. The program values the areas where efficiency, sustainability and capital investment intersect.
Should you do it alone or bring in a consultant?
With over 30 years of experience creating auditable internal controls, Prov3-IT developed into a review for engineering, manufacturing, transport and distribution, accounting, and future budget planning.
Prov3-IT is a framework that you can complete in your own time. Or be comprehensive and helpful for many executives in your business. Whether we do the internal audit for you, or review your current program. Validation supports your historical and forward planning.
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