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Controlling

Controlling (CO)

Instrument that supports management's decision-making processes.

The various phases of controlling, such as

• planning

• monitoring

• reporting

• consulting

• informing,

should be implemented company-wide in an integrated software solution for the individual controlling functions, including

• financial controlling

• investment controlling

• cost and profitability controlling

for all business functions (procurement, production, sales, and so on).

Financial Accounting (FI)

Management function concerned with preparing comprehensive information on company activities to aid the implementation of management decisions.

Controlling covers both the operational and the strategic aspects of management.