What a great and timely question… put to CFO Michael Beviss, who shares some realities of working with...Read Story
Key to running a successful wholesale and distribution business is ‘Return on Inventory Investment’ or ROI. How quickly is each item moving through the system and how profitable is it?
Tight IT/e-commerce systems to minimise admin and manual handling of items is key to efficiency and profitability. Accurate inventory placement and calculation of all costs associated with items is vital for efficiency and profitable pricing. Accurate inventory lead times result in confidence for sales staff dealing with customers.
Easy data mining and analysis provides insight into which items, customers, sales people, branches etc. are most/least profitable, providing opportunities for improvement.
Finance department management e.g. customer collections, credit checks, ‘stop supply’ process etc. all lead to efficient cash flow outcomes.
Timely and efficiently run stocktake minimises obsolescence and leakage, which impact on overall business profitability.
Remote areas are no problem for our Virtual CFOs. Whether your business is in Mackay, Melbourne, Brisbane, Sydney, Perth, Newcastle or any regional area, we can provide an outsourced CFO service to meet your needs.
A CFO On-Call can work with your distribution or wholesale business online when it makes sense and in person when you need it.
Benefits of working with a CFO for Wholesale & Distribution Businesses
Do you need greater certainty in the financial outcome? SMEs who could only dream of hiring a CFO are now able to take advantage of a CFO On Call.Contact Us
Simple, accurate and timely reports to guide you to the right decisions.
If your overall profit is made up of too many losers and not enough profitable lines you could be missing out.
‘Non financial’ information is what drives profit and Cash Flow results.
Analyse how things work and find ways to save time and money.
A Virtual CFO is a corporate gun; an elite financial freelancer available 24/7 to meet any business’s needs as they arise. These CFOs engage with clients in the most effective way, accessing accounts and spreadsheets via cloud-based programs and dispensing their advice over video streaming services like Skype or WhatsApp, as well as in person. In this way, duplication is cut, along with transport costs and time spent travelling to and from face-to-face meetings.Read Case Studies
One of the key factors in good cash flow management is how you manage your Accounts Payables i.e....Read Story