As we speed into July and reflect on the first half of 2024, we’re looking back on our accomplishments and gearing up to turn our plans into reality in the second half of the year. Dive into the latest edition of Spend Insights, a monthly newsletter from @Order.co, for tools and best practices to improve your operations and pave the way for success. Discover strategic adjustments to make that can drive business growth, enhance efficiency, and ensure stronger financial outcomes. #procurement #procurementautomation #supplychainresilience
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🚀 Unlock the Full Potential of Your Business Operations! 🚀 Is your business struggling with outdated processes and inefficiencies? Discover how streamlining and modernizing can propel your operations forward. Our latest blog dives into critical issues like inventory mismanagement, approval delays, and redundant accounting practices. Here’s what you can expect: 🔍 Enhanced Purchase Approval: Streamline processes and make data-driven decisions to keep up with consumer trends. 📦 Optimized Inventory Management: Reduce stock mismatches and prevent negative stock with advanced system integrations. 🗂️ Effective Employee Role Clarity: Simplify workflows and ensure clear responsibilities for smoother operations. 💰 Restructured Accounts & Reporting: Eliminate duplicate accounts and improve financial tracking with automated reporting systems. Ready to elevate your business efficiency? Click the link to read the full blog and unlock actionable insights! https://lnkd.in/g67YuebK #BusinessEfficiency #InventoryManagement #ProcessImprovement #DataDriven #FinancialReporting
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"Strategic Spend Management tips for CFO’s! 1. Automate Expense Tracking: Implement software to streamline expense reporting and improve accuracy. 2. Leverage Data Analytics: Use data insights to identify cost-saving opportunities and forecast spending trends. 3. Negotiate with Vendors: Regularly renegotiate contracts to secure better terms and discounts. 4. Implement Zero-Based Budgeting: Reassess all expenses each period, justifying every cost to eliminate waste. 5. Centralize Procurement: Consolidate purchasing to gain better control over spending and leverage bulk buying. 6. Encourage Employee Accountability: Foster a culture of responsibility where employees are mindful of costs. 7. Monitor Cash Flow Closely: Maintain real-time visibility into cash flow to avoid overspending. 8. Invest in Financial Training: Equip your team with the skills to make informed spending decisions.
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"Strategic Spend Management tips for CFO’s! #cfosme #sharedcfoservices #SpendManagement #CFOInsights #FinancialStrategy #CostOptimization #BusinessGrowth #FinancialPlanning #BudgetingTips #ExpenseManagement #CFOLeadership #BusinessFinance #costmanagement #costcontrol #futureoffinance #budgets #planning #financial #monetaryplanning #strategy #budgeting #Execution #cfoservices #portfoliomangement #revenues #evaluation #scorecard #leadership #metrics #optimization Connect with us at: www.cfosme.in
"Strategic Spend Management tips for CFO’s! 1. Automate Expense Tracking: Implement software to streamline expense reporting and improve accuracy. 2. Leverage Data Analytics: Use data insights to identify cost-saving opportunities and forecast spending trends. 3. Negotiate with Vendors: Regularly renegotiate contracts to secure better terms and discounts. 4. Implement Zero-Based Budgeting: Reassess all expenses each period, justifying every cost to eliminate waste. 5. Centralize Procurement: Consolidate purchasing to gain better control over spending and leverage bulk buying. 6. Encourage Employee Accountability: Foster a culture of responsibility where employees are mindful of costs. 7. Monitor Cash Flow Closely: Maintain real-time visibility into cash flow to avoid overspending. 8. Invest in Financial Training: Equip your team with the skills to make informed spending decisions.
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🚀 Elevate your business's financial oversight with Adelpo's cutting-edge spend management solutions! Dive into real-time data with our comprehensive, easily downloadable reports and experience streamlined budgeting that not only saves you money but also simplifies your decision-making process. 🔍 Why settle for less when you can optimize? Our user-friendly platform allows you to pull detailed reports effortlessly, making analysis and strategic planning more accessible than ever. 📊 Tailor your financial controls with Adelpo’s flexible software that is built to fit your unique business needs. Manage your budget smarter and faster—because when it comes to business, efficiency is everything. 👉 Discover how Adelpo can transform your spend management. Explore more at Adelpo.com! #FinanceManagement #BudgetingSolutions #AdelpoDifference #BusinessGrowth #InnovativeSolutions #Procurement #TalioredSoftware #CutCost #ManageSpend
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Enterprise Account Executive @ Planful | Financial Performance Management | Helping Finance Teams Go Home Early & Get Their Weekend Back.
Manufacturers are navigating a perfect storm of supply chain disruptions, global uncertainty, and shifting demand. For the business to thrive, Finance teams must deliver quick, accurate insights—but integrating data across CRM, ERP, HR, and other systems can be a challenge. 🤔 Unlock our purpose-built templates for manufacturing, designed to streamline financial performance management. Optimize demand units, enhance weekly demand planning, and effectively manage contribution margins along with workforce planning with four tailored models. 💡 Download the guide now: https://lnkd.in/ef6vEPzy
4 Financial Performance Models To Help Manufacturers Gain Speed and Agility
planful.com
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Enhancing the entire production process, maximizing equipment efficiency, and reducing maintenance costs are essential factors for driving industry advancement. Our integrated financial management and business intelligence system facilitates comprehensive reporting, consolidates data streams, and centralizes key touchpoints to improve operational efficiency and drive business prosperity.#financialmanagement #analytics #businessintelligence #nerp
Key Financial Metrics for Manufacturing Finance Departments to Monitor
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As business professionals, we're always looking for ways to optimize our company's financial performance. One key metric that can help us do just that is operating profit margin. What is Operating Profit Margin? Operating profit margin (OPM) is a financial ratio that measures a company's profitability from its operations. It's calculated by dividing operating profit (earnings before interest and taxes, or EBIT) by revenue. Formula: OPM = (Operating Profit / Revenue) x 100 Why is Operating Profit Margin Important? A high OPM indicates that a company is generating a significant amount of profit from its core operations, which can be a sign of a competitive advantage. On the other hand, a low OPM may indicate inefficiencies or high operating costs. How to Improve Operating Profit Margin: Optimize pricing strategies: Ensure that your pricing is competitive and aligned with the value you're providing to customers. Reduce operating costs: Identify areas where you can cut costs without sacrificing quality or efficiency. Increase productivity: Implement process improvements and invest in technology to boost output and reduce waste. Improve supply chain management: Negotiate better deals with suppliers and optimize logistics to reduce costs. Example: Let's say a company has an operating profit of $100,000 and revenue of $500,000. Its OPM would be: OPM = ($100,000 / $500,000) x 100 = 20% This means that for every dollar of revenue, the company is generating 20 cents of operating profit. Takeaway: Operating profit margin is a powerful tool for evaluating a company's financial health and identifying areas for improvement. By focusing on optimizing OPM, you can drive growth, increase profitability, and stay ahead of the competition. #FinancialPerformance #BusinessOptimization #OperatingProfitMargin #Profitability #EBIT #Revenue #FinancialHealth #GrowthStrategy #FinanceTips
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Tired of outdated operating and budgetary planning systems? 📉 Setting yearly operating and financial goals based on guesswork and fragmented systems isn't the way forward. The outcome? Missed chances to save big on costs. We've got your back! 🌟 Say hello to our Annual Operating and Budgetary Planning Solution, changing the game for your budget planning! 💡 Smarter data driven budgetary decisions, and exploring what-ifs make all the difference. Enjoy the perks: Cut production costs by 5-7% and slash logistics expenses by 12-20%! 🚀 Discover the magic of our Annual Operating and Budgetary Plan Solution. Optimise your costs and fuel your growth! 💰✨ Request a demo or grab your free trial now and revolutionise your supply chain efficiency! #BudgetPlanning #CostSavings #ABP #AnnualBudgetaryPlanning #StreamlinedProcesses #CostEfficiency #BusinessDevelopment #SavingsOpportunities #FinancialSolution #SmartBusiness #CostCutting #EfficientOperations #SupplychainPlanning #IBP #IntegratedBusinessPlanning #SupplyChainOptimization #DataDrivenDecisions
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Innovation | Value Creation | Business Transformation | Customer-first Strategies | Non Exec Director
You may have seen our Annual Business Trends Report recently released, but now we will be taking a deep dive into the key trends and insights that we are seeing in the finance and procurement space. Stay tuned and pre-register now to get first access: https://lnkd.in/eNWRQtHZ
We’ll soon be launching our 2023/24 Finance & Procurement Trends Report
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