Central role in control

The finance department is the first to get involved in all the company’s activities, in planning, and has a central role in managing the entire company, in partnership with all the other departments, in controlling costs and cash. In its strategic thinking, it evaluates investments with a view to ensuring the long-term growth of Cateringpor’s business.

Cateringpor’s financial management is made up of two areas: Finance and Controlling.

Controlling

Controlling has the tools and specialized human resources to carry out timely monitoring of the company’s operational and financial performance.

More than checking for deviations, the area acts preventively on internal requests for expenditure, before Procurement, avoiding the commitment of costs outside the budget.

Each new client or business is evaluated by the cash it generates in its contribution margin, and the decision is made at this level.

Finance

The Finance department manages and controls the company’s cash. This should be analyzed from a short-term ( < 1 year) and long-term perspective.

In the short term, the management of inventories, customer receivables and supplier payment deadlines ensures that we have a current capital balance.

In the long term, investments are duly evaluated in terms of their pay-back and degree of revenue leverage, considering their financing by the most appropriate capital.

Tax efficiency is another important focus of the area, particularly in terms of VAT refunds, in a company that exports more than 90% of its business.

As a transversal department for the entire company, with rigorous planning of the activities of all departments, control of financial flows and strategic planning that guarantees the sustained growth of the company’s activity, the Financial Department is essential to Cateringpor’s success and longevity.