Multiconsult Srl

The Business Plan is a tool of fundamental importance for the presentation of the company's strategy and an indication of current and future operational steps through which this occurs.

The importance that was attributed to the Business Plan as a tool for dialogue and exchange between the company and financial system threatens to overshadow the significance of the Business Plan as an internal medium-term guiding tool for the management and as a matrix from which originate the annual budgets.

That aspect on the contrary is important and also deserves the companies' attention that do not show criticalities under the financial viewpoint.

Timely availability of financial and operational information is a crucial need for the company's decision-making process.

Reliable information on performance, on deviations from the expected trend of the different business areas, allow to reach the objectives of improving corporate governance and processes' efficiency.
The planning and control process can be activated with a few tools but with much knowledge of the organization, by cost effective and impacting gradually on practices but with clear determination regarding the final objectives.

An efficient and prudent financial management should provide the financial needs in time to allow it the coverage to reduce financial charges and bank costs, improve the dialogue and the opinion on the Company by the banking system.

The theme is particularly topical after the introduction of complex rules and constraints known as "Basel 2 and 3" which induce the banks to be more selective in granting loans and to weigh the cost of access to credit for all those companies that don't manage it with efficiency and punctuality.

For companies based in Italy the recent reform of company law has given a new task to the directors, the maintenance of the Internal Control System (ICS , "assetto organizzativo, amministrativo e contabile" - art. 2381 C.C.).

This duty requires the identification of a set of organizational structures, processes and procedures to ensure the realization of the main components of a sound management.

The administrative responsibility of the Companies and agencies regarding crimes (penal) committed, in the interest of the companies, by subjects which are part of the organization and physically realize the fact.

The laws include between major crimes: corruption, offense against public administration and corporate crimes.

The lawbreaker will be subjected to pay very heavy administrative fines and disqualifications which are extremely dangerous for the survival of the company itself.

The entity is exempt from the responsability if, during a prosecution, shows that it has adopted and effectively implemented the organization, management and control models required to prevent the realization of the alleged offenses (Dlgs 231 / 01).
All the companies which potentially can be in this situation ought to prepare and implement the "Model".