Due to low personnel and financial resources, companies are often not in a position to carry out sufficient controlling. The resulting lack of information transparency, however, impairs optimal corporate management and thus threatens the existence of many companies.
The management is often involved in the operative day-to-day business. Thus planning and control take place at very short notice, the long-term orientation of the enterprise often comes too briefly. In view of increasing competition and intensified market conditions, however, long-term planning and ongoing monitoring and control are important success criteria....therefore controlling is necessary!
Controlling is the entire process of setting objectives, planning and controlling in the financial and performance management sector.
Controlling happens when managers* and controllers* work together.