The ‘right' configuration of Management Control Systems (MCSs) is still challenging. Aligning reporting, planning, and consolidation from a functional, organizational, and IT perspective needs systematic guidance. The empirically grounded MCS maturity model guides such a development by outlining an evolution from a basic, mandatory/external-driven MCS (level 1), to a balanced MCS (level 2), and a comprehensive MCS (level 3). Ultimately, MCSs show a strong strategic focus (level 4) and leverage the potentials of modern IT (level 5).