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Presentation Increasing Profit & Decreasing Spend
HOT TOPICS <ul><li>Improve Performance </li></ul><ul><li>Reduce Costs </li></ul><ul><li>Minimise  Risk </li></ul>
<ul><li>Hot tips </li></ul><ul><li>1. Prepare quality management information (MI)  </li></ul><ul><li>2. Monitor financial ...
Eye Opening Statistics <ul><li>82% of companies lack visibility of profits </li></ul><ul><li>40% suffer impaired financial...
Improve Performance <ul><li>Key features of quality MI  </li></ul>No jargon Variance Analysis Linked to Strategy Explanati...
MAZARS Understands …. <ul><li>how to drive your business forward </li></ul>
Reduce Costs <ul><li>Hot tips </li></ul><ul><li>1. Review all costs regularly </li></ul><ul><li>2. Negotiate with supplier...
Reduce Costs <ul><li>Examples of Outsourcing </li></ul><ul><li>Marketing </li></ul><ul><li>Typical cost in house: </li></u...
MAZARS Understands …. <ul><li>every penny counts </li></ul>
<ul><li>Hot tips </li></ul><ul><li>1. Insure adequately against your biggest risks </li></ul><ul><li>2. Effective credit c...
Minimise Risk <ul><li>Forecasts </li></ul><ul><li>1. Reasonable assumptions </li></ul><ul><li>2. Include unforeseen events...
Summary <ul><li>Improve Performance </li></ul><ul><li>Prepare Quality MI </li></ul><ul><li>Monitor financial performance <...
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ProfCat 2011:two - Mazars

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  • Prudent Working Capital Management
  • Transcript of "ProfCat 2011:two - Mazars"

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