When you run your own business, it’s vitally important to be on top of every aspect of it. If you’re not actively micro monitoring your business, you could be …well, brace up…leaking revenue. Full Post:http://fieldpromax.com/eliminate-revenue-leakage-from-your-field-service-business/

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Eliminate Revenue Leakage From Your Field Service Business
Eliminate Revenue Leakage From
Your Field Service Business
When you run your own business, it’s vitally important to be on top of every
aspect of it. If you’re not actively micro monitoring your business, you could
be …well, brace up…leaking revenue. So, in order to maximize your revenue,
it is extremely important to plug every possible leakage point from your
business. While this rule applies to every business in the world, the
application of it is hugely relevant to the field service industry. This is
particularly the case, because unlike many other industry sectors that have
adopted automation as a part of their mix, a good number of field service
companies even today have themselves immersed in reams of paper.
Automation….what’s that? Blame it on a recalcitrant force of habit. So, long
story short, this article attempts to offer you a better understanding about
revenue leakage, how to go beyond the paper and in the process how to
effectively eliminate revenue leakage points from your business and business
model alike.
Posted 23 hours ago | by wpadmin | in Blog
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So, what really is Revenue Leakage?
Simply put, revenue leakage is a common term that refers to the loss of
money that results out of certain inefficient operational processes of your
business. Primarily talking about the field service industry, revenue leakage is
quite a big deal. Some of the more common revenue leakage points include:
Paperwork Done Manually – Sorry to be the bearer of bad news, but
humans make mistakes. Businesses may quite agree with Alexander Pope
when he says ‘to err is human’ (but may not really concur with the second
part ‘to forgive divine’). Paper driven work is prone to human errors and
often result in incorrect billing or loss of revenue. Now if we were to
throw up some stats about the monetary losses caused by human error, I
would be quoting a certain number followed by the term billion. Good
enough reason to go paperless? Are you listening, HVAC, plumbing,
landscaping, lawn services, garage door and every other general
contractor or company?
Misplaced Paperwork – Have you or has one of your employees ever lost
a highly important piece of paperwork? Worse still, have you had to face
up to your boss after that happened? If you did, I feel for you. I’ve been
there. When paperwork is lost or misplaced, you have another revenue
leakage point. Human beings can be disorganized, and losing an
important business ‘paper’ document happens from time to time for
most service-based businesses.
Now that we understand and appreciate the fact that paper based work
leads to a lot of avoidable errors, let’s explore certain ways one can eliminate
these errors in total. Do I hear you say automation?
Let me go ahead and recommend a system that we’ve developed especially
for the field service industry. It’s called Field Promax and has been developed
out of a simple premise that the best way to successfully eliminate leakage
points from any business is to use a simple yet effective management and
automation software – starting with work orders.
Field Promax helps you automate your work orders, create and manage
current and previous orders, and ultimately keep a historical record of billing

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and other vital information. Using this work order management system, you
can also effectively define workflows in a way that result in standardized and
timely bill processes for more accurate billing.
In the course of developing FieldProMax, I have had the opportunity to use
quite a few work order management systems and that’s what spurned me on
to create something that shines in its simplicity and comprehensiveness (try
it to appreciate the paradox). In other terms, Field Promax sets the bar. By
injecting Field Promax into your business model, I can tell you with more than
a fair measure of confidence that you can completely get rid of revenue
leakage from your business.
Go ahead and try it out totally free. Visit our page http://fieldpromax.com/
and see what difference it can make to your business.
About author wpadmin
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