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Interesting book on lean financial management

Revisado: 05-24-20

Taking into account the year in which this book was first published (2003), it’s a pity that it took this long to make this great book into an audiobook.

Although some references show it’s age (I guess using a fax to send invoices wouldn’t make it as a recommendation in an updated version), this still is a valuable book. Actually, this should be considered required reading for everyone that’s interested in implementing lean in a company.

In this book the authors propose ways in which the financial services of a company can become real partners in implementing lean. They point out problems that are to be expected if financial reporting is not brought on board and if priority is given to fixing the numbers instead of making improvement efforts that help shape the reality behind the numbers. Or as they put it ‘the way we improve is by eliminating waste, not shifting blame’.

If there ever would come an updated version of this book, it would be nice to have some more attention paid to lean financial management in service environments as well, since the book mainly focusses on examples of production companies, paying extra attention to the treatment of stock (which is of course to be expected when you talk about lean in a production environment).

Notwithstanding this, the book offers enough lessons and interesting information for anyone who wants to learn more about how lean can be applied in financial services of your company.

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