La SIA, on March 4, 2021, was invited to collect theHigh Budget Honor as the Best Small Business in the Lazio region for management performance and financial reliability Cerved, during the digital edition of the Felix Industry Award – Lazio, Tuscany and Abruzzo competing 2021
The quarterly business and finance magazine Industry Felix Magazine, a free supplement with The 24 Hour Sun, was founded in 2019 based on the success of the Industria Felix – L’Italia che competes Prize, established in 2015 in Puglia, consolidated in 2017 in Milan, and now developed in almost all Italian regions and nationwide.
MENTION OF THE FELIX INDUSTRY AWARD
The Award, organized by the periodical IFM (published by Centro Studi Industria Felix s.r.l.), is among the first awards to be given on the basis of a survey of Italian companies’ financial statements, thus on incontrovertible numbers. The summary of the survey, extracted against an objective budget algorithm sorted by decreasing Mol, is submitted to a Scientific Committee composed of high-profile economists, bankers, entrepreneurs and managers chaired by delegates from Luiss Guido Carli University and Confindustria (event partners). The Scientific Committee assigns the “High Financial Reporting Honors,” as the awards are defined for companies, reserved for corporations headquartered in Italy that perform at the management level, are financially reliable against the Cerved Group Score and, in some cases, are sustainable.
BACKGROUND ON THE INDUSTRIA FELIX STUDY CENTER
The goal of the Industria Felix Study Center is to network virtuous companies and tell the story of Italy that competes through events, press releases, and the quarterly Industria Felix Magazine, which only after its first issue attracted the interest of the 24 Ore Group. The Industria Felix 2020 Prize enjoys the media partnership of Ansa and Il Sole 24 Ore and is produced in collaboration with Cerved, Banca Mediolanum, Mediolanum Private Banking, Grant Thornton, Lidl Italia, and Sustainable Development.
LA SIA AWARDS DETAILS.
La SIA was chosen by the Scientific Committee from an algorithm that selected only companies that in their respective categories had among the best mol, profit, positive roe, financial expense/mol ratio less than 50 percent, a delta of employees equal to or increasing from the previous year, and a solvency or financial security pact, which is a summary assessment of the creditworthiness of Italian companies made by Cerved, obtained through a suite of statistical models that allow estimating for each company a probability of default. The maxi investigation was conducted on just over 143,000 financial statements of corporations with registered offices in the three regions: 85,420 in Lazio, 45,087 in Tuscany, and 13,126 in Abruzzo.
The award was presented by invitation to the March 4 event, which was attended by our Technical Director, Mario Rampini, representing the Society. The event was held digitally on the Zoom platform.
The recognition obtained rewards the strategic lines followed by the ownership that has, from the beginning, supported the development of the Core Business through the strengthening and growth of the Finance and Control Areas. This choice has ensured, over the years, the pursuit of a comprehensive cost and cash flow control policy through the implementation of analytical accounting by cost centers and the monitoring of financial variables.
Great emphasis has been placed on investments in digitization and business intelligence tools.
All business flows are managed through an ERP system, integrated with software dedicated to managing financial dynamics.
This policy has allowed, over the years,
– The constant monitoring of key economic and financial variables,
– The development of a system of Average Hourly Costs by department.
– The preparation and monitoring of annual cash forecasts
– the establishment of detailed economic budgets
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Administration, Finance and Control Manager
