How much do "unnecessary" meetings cost you? In one company, at least 0,5 milion CZK a year.

Last time I wrote about what it means to shorten the monthly close time from 25 days to 4 days.

Today I'm going to show you what it costs to not do this.

Imagine the same company with a wide branch network selling electronics and a regular monthly review of the results of 100 branches.

7 minutes per branch.

7min × 100 branches = 700 minutes. That's 11.7 hours.

Sitting at the table:

• Controller

• Head of Marketing

• Sales Director

• CEO

  
  

Average personnel costs of a review participant: 942 CZK / hour.

11.7 hours × 4 people × 942 CZK = 44,094 CZK per month . 12 × 44,094 CZK = 529,132 CZK per year.

More than 0.5 million CZK a year.

And now the question:

What is the benefit of a meeting when it takes place 25 days after the end of the month?

In reality, almost zero.

Because:

• Meanwhile, almost another month has passed

• You're just explaining the numbers, not driving them.

  
  

That's not reporting.

That 's an expensive retrospective.

What if:

✔ financial statements were completed within 4 days

✔ On the 5th day, a controlled, structured review took place

✔ instead of explaining numbers, specific actions were addressed

Then that half a million a year is not wasted money.

It's operational overview and fast management that you have in your own hands.

The difference is not in the number of meetings.

The difference is in the speed and quality of information.

Do you want to know how to perform month close in 4 days and turn 0.5 million a year into fast financial management?

Write 4 DAYS in the comments and we will go through specific steps that work in practice.