1. 5 ways You Can Improve Cash Flow by using SAP Business One
When you are asked to increase the available capital at your business, are you able to quickly identify
options to increase profits, reduce expenses, and otherwise generate cash flow?
Many business managers and owners struggle to answer when this question is posed to them. However,
those who use our solution are able to quickly identify at least 5 ways in which to improve cash flow.
What are some of their options?
1. Explore sales activities to eliminate ineffective marketing campaigns, identify loyal customers, and
identify which customer demographic has the most potential for growth - then tailor sales activities
accordingly.
2. Identify financial waste that's the result of inventory considerations - then develop a strategy for
more just in time production, choosing better warehousing options, or eliminating products that are not
selling well.
3. Assess purchasing decisions and supplier relationships to evaluate potential areas for savings such
as renegotiating terms of sale, working with another closer supplier, or lowering the quantities
associated with minimum requirements.
4. Eliminate time spent in meetings by ensuring that everyone who needs to access key business data
is able to do so, even when they're on the road.
5. Identify areas in which operation expenses could be reduced, either by eliminating overtime or
more clearly defining the roles of key staff members.
Of course, all of these are just starting points. Our solution also enables businesses to reduce IT costs -
both by using a single system to access all business data and through the ease of expanding the system
as business needs change, simply by adding additional modules to the system.
Our solution gives small businesses a competitive edge by making it possible to access all of the same
data as the bigger players in their industries. Whether you're looking for simple solutions that allow you
to increase cash flow quickly or you hope to identify areas where significant changes could greatly
improve your company's bottom line, we offer the options you need.
For more Information contact vrushali@craveinfotech.com