Just cash returns on the mixed scrap KPI alone, probably paid for our value creation upgrade at least 10 times over.
Jeff Stegman, CEO, Osborne Coinage, est. in 1835, Upgrade in 2011
Upgrade your Management Operating System (MOS) – Build practical transparency about how the company as a whole creates value by applying the core logic of business math* to develop thriving businesses and satisfying workplaces
Performance Management Institute’s (PMI) Accounting 3.0 ® enables mission-driven companies to implement purpose and metrics-driven culture. PMI delivers an upgraded MOS developed by the people who do the value creating work, installing a direct path to a mature measurement, reporting, and accountability system that can thrive in today's market.
- Accounting 1.0: Standard Financials with GAAP compliance
- Accounting 2.0: Standard Financials enhanced with ERP, Performance Management Metrics, ERP, Scanlon Plan, Six Sigma, Balanced Scorecard, Open Books Management, KPI’s, Beyond Budgeting, QualityCircles/TQM /Baldridge Award, Financial Literacy, Triple Bottom Line, Business Intelligence, XBRL, and/or Data Warehousing.Financial Services are a cost center. Sarbanes-Oxley compliance required.
- Accounting 3.0: Standard Financials form a foundation for the people being measured to be engaged in building and continually improving a measurement, reporting and accountability system that is self- managing through Integral Operations Finance and Accounting practices.
Financial Services are a profit center. Creates Sarbanes-Oxley over-compliance.
Our core textbook on how to use accounting information to make money is Managing by the Numbers: A Common Sense Guide to Understanding and Using Your Company’s Financials (INC./Perseus). On the behavior/decision/ action side it is Transforming Performance Measurement: Rethinking the Way We Measure and Drive Organizational Success (AMACOM).
PMI methodology and tools provide the CEO and CFO with a complete set of internal controls and a non-directive leadership structure; that enable the senior leadership and their entire team to collaboratively drive mandates & solve business problems.
By zeroing in on key decisions and actions that affect both profit and cash, everyone can prioritize on the most crucial drivers, and focus their teams on leveraging those drivers to deliver specified results.
The PMI Solution also allows scaling to be done more easily as new management and staff is brought on, because leadership and staff business acumen has gone from informal personal wisdom to easily transferred & capitalized business knowledge.
* The mathematical relationship of organizational property, contracts, and cash in the bank - to each other and related business decisions and actions
Background, Vision, and Philosophy