June 2018 Newsletter

EOFY: An opportunity to optimise

It is almost the end of another financial year. A busy time for those who are responsible for preparing the final results and budgets and it can be an energising time for those that are planning the path for the year ahead. But what if, instead of concentrating purely on the numbers, you took some time to assess how you could optimise what you do and how you do it?

If your strategy is collecting dust, your structures aren’t right, the technology you use is not doing what you need, and if your people need to do more than keep pace then you are not alone. This is a great time to assess the current position and make sure you have the right game plan in place.

Every business will have its own unique considerations, but there are a few common things that all businesses should consider:

How you anticipate your Customer’s needs for the year ahead?
What technology drives your services and how well does it do it?
What plans or projects need to be cast aside and what new plans need to be embraced?
Is it time for a performance boost? If so, how are you going to do it?
Do you have the right environment so your team are in the driver’s seat and can get you to where you need to be.

Considering these things as a starting point won’t only mean you have a clearer strategy, but you will have a more accurate budget/resource allocation.

We have worked with many business owners, managers and executives to help them assess the current position, and its striking how similar, and pressing the fundamental problems are.

If any of the above resonates with you, you can draw on the lessons that we have learned and apply the principles and practices we developed.

Simply call our office and we can help you get from where you are to where you need to be.

The time taken to determine a realistic ROI and achieve it can be challenge for most managers and teams. Cost savings promised from projects and new initiatives often are nowhere to be seen, let alone realised. Determining a realistic ROI is seen by some as the Holy Grail.

Having metrics in business plans is one thing, but truly knowing from an operational perspective where ROI is being generated – and when – is another.

Those organisations that manage ROI well, have some common traits:

They can track current and future ROI by business process and activity.
They have visibility of the breakeven point for new technology purchases.
The impact of change is understood and controlled across the enterprise (the business not the starship).

Do you wish you had the ability to create a number of scenarios to see the impact of change? Well now you can.

We can create a process model and capture data such as, the number of full time employees involved in that activity, the total cost, work time, wait time and cumulative time. We can then model various scenarios and determine the optimum approach.

If you would like more information on the new scenario modelling capability, contact us for a demonstration.