Optimise Your Systems & Processes
If you've spent (or are thinking about spending) tens or even hundreds of thousands of dollars on financial systems and processes, it's crucial to understand exactly how to get the maximum return for your investment.
Are your systems and processes running like a well-oiled machine?
As businesses grow and financial and operations become more complex, you can't afford to be people reliant. Adequate, efficient systems and processes are required to ensure your team can provide you the information you need to grow your business and make more intelligent decisions.
This could range from a simple weekly reminder sent to certain team members to maximising the use of an ERP worth over $100,000.
Transition to a higher
This is where the rubber meets the road. Once your goals are defined, we work with your team on an ongoing basis to train them to meet each objective. This includes maximising the ROI you've already made on existing systems. For example, if you have specific software to manage your stock or your projects, you shouldn’t be using spreadsheets to do the same tasks!
This is where you understand the areas to focus on with opportunities which can be capitalised and weaknesses that need to be strengthened. Do you know the most profitable offerings in your business? This will provide you the focus you need to maximise the financial returns on your products, locations, assets, investments and team.
Once the outcomes have been defined and the team have been trained, it's then a matter of holding them accountable. This includes how the systems are going to be used, what objectives they specifically need to achieve (e.g. type of reporting, analysis, time saving) and embedding this within the culture of how your business does things. This means your business is no longer people-dependant – it's system-dependant, executed by your team.
We’re passionate about empowering business owners
Leaders are often so busy running day-to-day operations and managing staff, they may lack the tools to accurately grasp their financial status.
That’s why we’ve developed a comprehensive range of online resources including videos, eBooks and courses designed to award you with CFO status. Get started for free now.Explore Resources