Companies using Lean Accounting have better information for decision-making, have simple and timely reports that are clearly understood by everyone in the company, they understand the true financial impact of lean changes, they focus the business around the value created for the customers, and Lean Accounting actively drives the lean transformation. This helps the company to grow, to add more value for the customers, and to increase cash flow and value for the stock-holders and owners.
This article reviews the thoughts presented at the 2005 lean accounting summit. The 2006 summit takes place in September. Jim Womack, Norman Bodek and Richard Schonberger are presenting at the conference.
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