ProfCat 2011:two - Mazars
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ProfCat 2011:two - Mazars

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  • Prudent Working Capital Management

ProfCat 2011:two - Mazars ProfCat 2011:two - Mazars Presentation Transcript

  • Presentation Increasing Profit & Decreasing Spend
  • HOT TOPICS
    • Improve Performance
    • Reduce Costs
    • Minimise Risk
    • Hot tips
    • 1. Prepare quality management information (MI)
    • 2. Monitor financial performance
    • 3. Understand the results
    Improve Performance
  • Eye Opening Statistics
    • 82% of companies lack visibility of profits
    • 40% suffer impaired financial performance as a result
    • Average age of data used for decision making is 4.2 months old
    • 28% of managers do not know the age of data they use
    • Finance managers are made aware of company & market changes 1.7months later
    • 16% never officially informed at all
  • Improve Performance
    • Key features of quality MI
    No jargon Variance Analysis Linked to Strategy Explanations Colour coded Non financial data
  • MAZARS Understands ….
    • how to drive your business forward
  • Reduce Costs
    • Hot tips
    • 1. Review all costs regularly
    • 2. Negotiate with suppliers
    • 3. Consider Outsourcing
  • Reduce Costs
    • Examples of Outsourcing
    • Marketing
    • Typical cost in house:
    • Outsourced cost:
    • Saving:
    2. Payroll ( based on 100 employees) Typical cost in house: £12k Outsourced cost: £6k Saving: £6k
  • MAZARS Understands ….
    • every penny counts
    • Hot tips
    • 1. Insure adequately against your biggest risks
    • 2. Effective credit control procedures
    • 3. Robust cash flow forecasts
    Minimise Risk
  • Minimise Risk
    • Forecasts
    • 1. Reasonable assumptions
    • 2. Include unforeseen events
    • 3. Consider loss of customers
    • 4. Market cycles
    • 5. Working capital demands
    • 6. Actions by competitors
  • Summary
    • Improve Performance
    • Prepare Quality MI
    • Monitor financial performance
    • Understand the results
    • Reduce Costs
    • Review all costs regularly
    • Negotiate with suppliers
    • Consider outsourcing
    • Minimise Risk
    • Insure adequately against your biggest risks
    • Implement effective credit control procedures
    • Prepare robust cash flow forecasts
    Lara Brennan Carla Hobby [email_address] [email_address] Telephone: 01202 680777