Financial knowledge requirements

Finanzkenntnisse notwendig?

Question:

I am a managing director but not a finance professional. How can I still ensure that I always have my company’s financial situation under control?

Answer:

You don’t have to be a financial guru to manage your company securely – but a basic understanding and reliable real-time reporting are essential. Modern tools like Frienton deliver the most important financial data at the push of a button – structured, understandable, and automated.

How to stay on top of things:

Cash flow statement with projections

Early warning signals of liquidity bottlenecks through KPIs such as burn rate and cash runway.

Live P&L (BWA) at company level & sub-areas

Shows whether and where your company is operating profitably.

Automated target/actual comparison

Identifies deviations from planning in order to analyze causes and take action.

Payment terms & receivables management

Overview of outstanding payments and overdue payers – including the option to transfer to factoring or collection.

Analysis of debtor runtimes

Provides insights into the solvency and creditworthiness of your customer base.

Simplification of monthly closing

Automatic notifications of missing receipts.

Sharing of reportings with stakeholders

Investors or shareholders receive targeted access to relevant KPIs – with reduced workload for your finance team.

Conclusion:

With live reporting tailored to your company, you make well-founded decisions and detect risks early – without having to dive deeply into accounting yourself.

Updated on: 07/12/2025

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