The notion of "Controlling" in the European context of business administration can best be conceived from what the Munich-based International Controller's Association exhibits on its WebSite:
"Controllers support the management process of setting targets and defining goals, and of planning and of porting . They share the responsibility to reach an organization's objectives with the operational executives".
Controllers ensure the transparency of business results, finance, processes and strategy and thus contribute to higher economic effectiveness.
- Controllers co-ordinate secondary goals and the related plans in a holistic way and organise a reporting-system which is future-oriented and covers the enterprise as a whole.
- Controllers moderate and design the controlling process of defining goals, planning and management control so that every decision maker can act in accordance with agreed objectives.
- Controllers provide managers with all necessary company management data and information
- Controllers develop and maintain controlling systems.