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Your company review process

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Better information creates better results

Do you really understand how things are flowing through your business and impacting your bottom line? You may be too busy to realize you’re losing money due to a lack of efficiency!

When presented with an overburdened or inefficient process, the quick fix is to just throw more resources at the problem. This is due to a lack of understanding the root cause of the issues. On average, businesses waste over 50% of their resources due to inefficient processes. A process review enables you to make improvements, create efficiency and effectiveness, and save time and money.

 

What can you do?

Analyze your core processes:

  • Order to cash                    

  • Procure to Pay                  

  • Record to Report

 

Improve the Management Information coming from your:

  • Purchasing

  • Sales

  • Financial/Information systems  

 

With the right approach, your processes will be more (cost) efficient. This will result in having timely access to accurate and appropriate information. Information that allows you to make better business decisions and thus improving your bottom line, growth, and company as a whole.

 

The review will make you understand the current processes and show who and what touches that process. It will highlight problem areas and opportunities for change.

 

These are the questions that will be answered:

  • What are you trying to do?

  • How are you doing it?

  • What does and does not work?

  • How can it be done better?

 

What are the management benefits?

  • Improved company performance and bottom-line result

  • Reliable and timely management information

  • Secure (financial) processes and systems

  • Harmonized companywide approach and understanding

  • Strategic company potential

  • Solid third-party relations

 

What are the overall benefits?

  • Consistent approach and uniform ways of working for all

  • Improvement in standards and company-wide alignment

  • Improved customer experience and better client engagement

  • Time savings for current and new staff

  • Easy roll-out to future expansion

 

How does the process work?

  • Identify & document: Here we document the “as is” processes currently being performed

  • Review and analyze: Assess the gaps or problem areas and create a proposal for change

  • Strategy meeting: Discussion on improvements and the benefits

  • Implementation: Moving from the “as is” to the “to be” processes

  • Document, test and confirm: Document the new processes and guides, plus test and update

  • Monthly support: Review and maintenance to keep everything up to date

 

When do you need a review?

  • Lack of insight in processes and procedures

  • Outdated processes and procedures due to strong recent or current growth

  • Hidden mismatch in departmental goals

  • Lack of process documentation for uniformity, safeguarding and training

  • About to, going through or just have gone through a transition process

  • Gaps, delays, inconsistency

  • Internal/external reporting difficulties

  • Hidden gaps due to out of balance headcount between departments or compared to revenue

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