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Controlling gains ground in Romania

The Controller becomes an ever more important specialist in the Romanian companies, with about 15-20 percent of them currently using the position, while round 90 percent of the western European companies pay more attention to the costs and hire controllers, German Horvath&Partners Consultancy Company data say.

While the Romanian companies did not pay too much importance to the costs so far, they have become more and more attentive to cost curbing and about 20 percent of them currently hire controllers, says Horvath&Partners Consultant Aura Cadis. RTC Holding owner Octavian Radu adopted the controlling strategy when he organized the Group that numbers 12 divisions today and he badly needed a controller to develop and enlarge it. RTC Holding officials say that financial manager was also the Group's controller but the huge work and business amount required an expert controller. According to the Company, once such implementations completed the group works more easily. A controller brings indirect benefits that cannot be noticed in the short run. A company usually notices cost cuts and implicitly earnings in the annual figures, Horvath&Partners experts say. Controlling implementation takes a shorter time and benefits become visible much more quickly in a small company, Cardis opines. Horvath&Partners entered the Romanian market in 2006, but it had started activity here through partnerships in 2004. It earned a turnover worth 6 million euros last year and expects it to grow by 5 percent this year. International companies such as McKinsey, Roland Berger and A.T.Kearney are but some of Horvath&Partners' competitors on the Romanian market. Sursa: http://www.rompress.ro

Tags: horvath controller controlling

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