We develop consistent goals and analyze the metrics defining those goals to help business achieve more.
Strategic management itself is defined by setting measurable goals and analyzing progress. Everyone from department heads, to staff members need to know their specific role in efficiently meeting organizational goals. We can help develop tactics and analytics to keep your team, and your business consistently exceeding expectations. Using our reporting and analytical tools, we help you determine which projections and strategies will help your business succeed.
It starts with a plan
The most basic form of financial analysis is a budget. So many businesses lack this guidance as part of their strategic management. In addition to creating a budget for the following year, we conduct variance analysis to determine where previous budgets fell short. Using this information, we can suggest changes to areas that caused negative budget results and take advantage of implementations that caused better-than-expected budget results.
Every product or service will not produce high sales volumes at high prices. Our strategies determine the elasticity of demand for products at different price points. We can project the effects of price increases and decreases to help you create accurate and effective price strategies.
Another important factor in our strategy is to calculate overhead and production costs. You should know the expenses related to running your business, regardless of what your sales levels are. These fixed costs give you a breakeven that you know you must meet in each period. Defining the overhead and productions costs allows management to create a cost-containment strategy that is based on costs per unit/hour at different levels of production. These metrics can determine whether your company
Cash Flow Management
A profitable business may still struggle if they do not coordinate receipt of receivables with the dates of payables. We offer cash flow management strategies that incorporate procedures for internal controls, negotiating credit terms with suppliers, and maintaining cash reserves.
Establishing appropriate key performance indicators (KPIs) allow your business to measure the effectiveness of a function that are critical to growth and profitability. We will help identify which items to track and isolate long-term trends. Creating reporting that is data driven will give you an objective look at the areas of concern in your company.