Present in the most diverse segments of the market, data analysis is a procedure that has revolutionized modern society. In short, it consists of using technology to process large volumes of information in a few seconds and generate relevant insights for strategic decision-making.
As the public sector has also been following the current process of digital transformation, modernizing its channels of communication with the audience, and carrying out operational processes, data analysis cannot be left out of companies linked to government agencies.
Therefore, we’ve prepared this post so that you understand the importance of data analysis for public services. Read the article to learn more about this topic!
If you follow the technological trends for the corporate world, you may have noticed how the integration of company departments – using CRMs and ERPs – has gone from being a mere whim of entrepreneurs with a “modern view” to being a competitive “requirement”.
This is because eliminating communication noise and integrating all information sources in a single digital environment leads to cost reduction and boosted productivity, while also improving the data analysis. And these same principles apply to institutions that provide public services.
Let’s say the Municipal Department of Education wants to organize a cultural tour with public school students. To do so, it must make a formal request to the Municipal Department of Culture and the Municipal Department of Finance.
Without the use of technology capable of integrating communication and data in a single system, this process would be highly bureaucratic, time-consuming, and susceptible to several errors. Now, with innovative technological solutions, both the communication and the data analysis in the public sector are improved.
The first step in choosing a public management system is to make sure that the software provider has enough credibility and experience to offer transparent and effective solutions, both for employees working in the sector and for citizens.
It is very important that this system is equipped with resources that allow, for example, the availability of information about expenses, the integration of departments and, of course, data analysis to improve strategic decision-making.
Another point to be considered is the tool’s ability to use data intelligently through Big Data, as this area of knowledge provides a series of benefits, such as:
As you could see, data analysis is already a reality in organizations of different sizes and market segments, which has led utilities to invest in the modernization of processes as well. We also showed you how to choose a technological tool for the public sector.
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We present a customer from the logistics segment: Andreani Logística Brasil. The organization is part of Grupo Logístico Andreani, whose operations began in 1945 in Argentina. Currently, the business leads the segment of high value-added logistics services, serving the pharmaceutical, cosmetic, hospital equipment, medical and diagnostic technology, as well as animal health products, in addition to other markets.
Learn more about Andreani Logística here.
The company has been operating in Brazil since 2001, concentrating its activities in the south, southeast and central-west regions, where the four branches in the country are located. The business’s priority is to promote the development of a distribution infrastructure that meets the very specific needs of the healthcare sector. In this context, the services provided by Andreani include the integration of the areas of storage, distribution and reverse logistics for its clients.
As it serves multiple companies, in a sector with strict operational and safety requirements and in an extensive territory that is mainly covered by road network, the organization needed a cost and profitability management system that would allow it to efficiently analyze the results of each client separately.
To achieve these goals, the MyABCM Express Solution, suitable for businesses that deal with complex operations, was implemented. Among the gains for Andreani, there will be the possibility of taking into account all the characteristics of each client, without the need for knowledge in code and programming. This advantage, associated with a highly flexible modeling and the application of manual controllers through a user-friendly and simple-to-use interface, will ensure that the company has a precise control of each cost source, as well as the ability to issue accurate reports.
In addition to implementing the system, our team will train Andreani Logística in the distance-learning format, as well as provide consulting services in the first stage of use of the platform.
Meet another one of our customers! Beverages Fruki is a national company that operates in the food industry, with 7 product lines and 5 brands in its portfolio.
Visit the website and learn more about Bebidas Fruki.
The company’s varied mix includes juices, waters, beer, energy drinks and soft drinks. The story of this traditional company in Rio Grande do Sul began in 1924, with a production capacity of 200 bottles a day, and it represents a true family management success story.
Since its inception, the business has undergone a significant growth and currently produces, among its various fronts, an average of 420 million liters per year. As such, it faces challenges that are typical of the management of a large organization.
Diversifying the product line and managing multiple brands that serve audiences with different characteristics requires a highly detailed look at the cost management and the performance of each one of its revenue streams. In addition, the complexity of distribution operations increases at the same pace as the business grows. Currently, the industry has six distribution centers, which requires the adoption of an efficient system for the allocation of the various cost centers.
Given the level of demand involved in the management of activities of this size, and aiming to improve its cost control and increase its profitability, Fruki Bebidas decided to implement the MyABCM Corporate platform.
The system adds dynamism and versatility to cost and profitability analyses, being able to manage a high volume of data with flexible modeling that can be customized to the specific needs of the business.
In addition to implementing the software, platform users in the company will also undergo training to use the MyABCM Corporate resources with maximum productivity. The expected result is a more assertive cost management, capable of basing the decision-making process in the multiple management spheres of the organization and generating an increase in profitability in the medium and long term.
Betting on innovation in retail has become a popular strategy in recent years because of the exponential increase in competitiveness in the sector. This is due to, among other factors, a significant digital transformation process in society and the constant changes in consumer behavior.
To arouse the interest of the audience and stand out from the competition, it is necessary to invest in creative ideas, humanization of service, and all kinds of technological resources that can enhance the company’s results.
We’ve prepared this post for you to check out some of the greatest retail innovation trends for the years to come. Read the article to learn more about this topic!
Visual merchandising, or simply, window dressing, has always been a strategy widely adopted by retail. Composing attractive scenarios and highlighting short texts in display windows, aimed at activating mental triggers that arouse people’s attention, has always worked very well.
This concept is also being revamped with the wave of retail innovation and, to give it a touch of modernity, many companies have invested in the digitalization of display advertisements.
In this regard, the best-known tool is digital signage – a type of interactive screen on which it is possible to program the presentation of texts, images, product information and many other functionalities.
With the growing wave of purchases and transactions carried out in the virtual environment, with the help of chatbots and all kinds of technological resources, much has been said about the importance of humanization of service and the strengthening of ties between the consumer and the companies.
The fact is that, nowadays, a customer is not just looking for a product. They want to have a complete consumption experience, in which every step is convenient for them, whether in a physical or virtual store.
Merchandising actions, event production, sensory marketing and UX design are just a few examples of consumer experience optimization tactics that have been innovating retail.
Current marketing campaigns already count on geolocation strategies, as this resource has proven to be very efficient in targeting the audience to be reached, for example, on social media ads.
The great news is that this tool can now also be applied in physical establishments. Retail companies can catalog their products at a large POS and provide consumers with an app, on which they can use a map to find the item they want to buy.
As you could see, retail innovation is already a reality in the modern market. Investing in the humanization of service, in the use of technology to streamline processes, and in actions aimed at providing a more pleasant consumer experience are just the beginning of a highly promising future ahead.
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Cost analysis in the IT sector basically consists of carrying out a strategic planning whose actions are aimed at meeting specific business demands. To that end, it is essential that all departments have tools and methodologies to apply the cost reduction.
In simpler terms, we are referring to the multidisciplinary and continuous process of IT governance. Its goal is to integrate not only the expenses, but also support-related services and projects.
By employing good cost analysis practices, it is possible to add value to the business and provide unique solutions to the audience. And that is what we’ll talk about in this post, read on to check it out!
Planning the costs of a company is one of the best ways to ensure its survival and growth in the market, even when dealing with the most complex economic scenarios.
This is because the cost analysis aims to consolidate data on financial performance and the execution of corporate activities. Based on this information, managers are able to make more assertive decisions regarding the expenses that can be eliminated and what actions to take to foster the profitability of the business.
Now that you understand the importance of carrying out IT cost analysis, we’ll show you some tips on what you can put into practice in your business. Check it out below!
Determining the costs to be analyzed, that is, mapping them in an organized, functional, and intelligent way, will allow the finance department to account for expenses and investments with the infrastructure needed to carry out the business activities.
We know that much of the work done by the IT sector takes place in the digital environment and, therefore, has a series of intangible costs, such as the acquisition of ERP and CRM software, APIs, plugins, etc. In addition to these, it is necessary to consider aspects such as productive time, customer loyalty and delivery times.
When it comes to a tangible IT structure, it is no different, as it is also necessary to invest in hardware (computers, mobile devices, equipment, etc.) and labor, for example.
Finally, cost analysis can be optimized by using innovative technological tools that can automate repetitive tasks that were previously carried out by employees.
In addition to reducing the workload of IT professionals with minor issues, business management software have a wide range of resources that support the accounting and finance department.
After all, unlike human workers, these systems have algorithms that are not susceptible to failure and order issues, such as forgetfulness, fatigue, or misunderstanding. In other words, they minimize the margin of errors, rework, and productivity losses.
As you can see, cost analysis for the IT sector encompasses a series of practices and the use of technological tools that contribute to the company’s development, making it easier for managers to make strategic decisions.
Do you want to know more about the MyABCM solutions for cost analysis using technology in your company? Then contact our team so that we can show you the very best in digital innovation for your business!
Unforeseen financial events are inevitable and, in most cases, cause difficulties for the business’s management. If we consider the various obligations of the company, such as salaries of employees, suppliers and tax payments, the emergence of unplanned debt may cause indebtedness. And that is why cost mapping is so important.
In addition to making the financial organization easier, mapping strategies for the destination of the company’s capital allow managers to face economic challenges more easily.
Based on this context, we’ve prepared this post so that you can learn the best tips for mapping costs and optimizing results in the company. Read on and check it out!
Before identifying the costs, it is very important to map the processes. That way, the manager will have a broader perspective on all operational actions of the organization, which helps when identifying which one leads to little or no practical results for the business and, therefore, can be eliminated.
This strategy consists of identifying all the company’s expenses, showing the origin of each one so that the manager understands its impacts on the organization, as well as the margin obtained, among other aspects pertinent to monthly budget planning.
Promising corporate partnerships are an excellent way to map costs and reduce operating expenses in the company. Do research on organizations that offer innovative cost management solutions, review the proposals, and negotiate?
Have reliable and trustworthy partners by your side, whether they are software providers, third-party carriers or any other. In your decision-making process, take into account not only the price, but also factors such as on-time delivery, quality of inputs, special conditions, among others.
Investing in a financial management technology can make the company’s cost mapping significantly easier. As it is equipped with intelligent algorithms and process automation resources, managers can count on a multitude of solutions for the day-to-day of the company.
Among its benefits, we can mention:
Among many other functions that only a provider of innovative technological solutions for financial management can offer.
As you can see, mapping costs is a comprehensive strategy that aims to increase the managers’ knowledge of the business’s expenses and investments. Relying on technology is the best way to identify and categorize all the organization’s expenses.
Do you want to know more about the MyABCM solutions for mapping costs using technology in your company? Then contact our team so that we can show you the very best in digital innovation for your business!
To do well in the services market, managers must aim at the innovation of their production tools, as well as the development of their skills related to administrative processes. In this case, we highlight the need to learn about concepts and strategies concerning matters of the financial sector, given that this department has great relevance for the health and sustainability of any business.
Thus, professionals who are assigned to deal with processes in this area must try to learn about the main aspects involving the company’s capital and profitability, such as the discounted cash flow. Do you know what this is? To help you understand it better, we’ve prepared this article with the main information.
Read on and stay on top of it!
Discounted Cash Flow (DCF) is nothing more than a capital budgeting technique that uses as a parameter the expected cash that may be produced by the company in the future, providing an overview of the current value. The main goal is to translate the enterprise’s future cash flow into current amounts by setting a discount rate.
For you to understand better, let’s compare the DCF with the normal cash flow. The former shows an estimate of the corporation’s value based on the profit it can generate. On the other hand, normal cash flow refers to the amount of capital transacted by the company in a given period.
DCF is a powerful strategy to guide the decisions made by managers and investors. As we’ve pointed out, by using this method, you can create an estimate of the return a business can deliver. Furthermore, the tool also makes assessing opportunities and threats possible, as it measures future returns based on the discounts and risks assumed.
The formula to calculate DCF is relatively simple – just divide the amounts referring to the future cash flow by the number of periods (estimated years), multiplying by a discount rate adding up to one unit. Thus, the formula is:
DCF = revenue projections / 1 + discount rate raised to the numbers of periods considered
It is worth noting that the discount rate refers to the financial devaluation in each period. As an example, suppose that a company has as a projection over a period of 3 years the revenue of:
Based on a 12% discount rate, we will have to discount this interest each year. Using the formula, we have:
Now that we know the revenue for the next 3 years, referring to the approximate amount of what it would be today, just add and find the enterprise’s value:
DCF = 53 + 63 + 64
DCF = $ 180 THOUSAND
So, these were the key information about what Discounted Cash Flow is and how to calculate it. With this amount in hand, it is possible to prospect investors for your company and demonstrate the potential and expected future revenue. Due to its relevance, this calculation must be done carefully, taking into account the correct amounts for each year.
Did you like the article, but have questions about how to do this calculation? Then contact us and talk to one of our consultants!
Taking care of a company’s financial organization involves a series of strategic measures and the use of essential tools in order to ensure the economic health of the business. By using these practices, the enterprise is able to have good conditions to invest, funds for the working capital, among other advantages.
We’ve prepared this post so that you can learn about great ways to keep your company’s financial organization. Read the article to learn more about this topic!
One of the first steps to a good financial organization is to analyze all the inflows and outflows of funds in the enterprise (accounts payable and receivable), as well as closely monitor future transactions, as cash flow is one of the most important business tools.
With cash flow, managers are able to make projections of future scenarios and have a broader view of the company’s economic status, in addition to analyzing losses and gains and managing financial transactions.
Fortunately, to make this task easier, there are innovative resources such as the technologies developed to automate the management of financial and accounting matters in the company. We’ll talk more about this later.
Regardless of the market sector in which your company operates, and its size, having an emergency reserve is essential. In fact, this financial organization tip applies to any entrepreneur or self-employed professional.
In short, an emergency reserve should represent the amount needed for the business to maintain itself (paying its expenses and operating costs) for a period between 4 and 12 months.
In other words, it should ensure the company’s survival even when faced with the worst economic scenarios, crises and unforeseen events. The idea is to prevent the enterprise from resorting to loans at exorbitant interest rates and ending up in a debt “limbo”.
In the era of digital transformation, companies can count on innovative solutions for the most diverse operational needs, such as technologies for financial organization, which have become increasingly present in the corporate environment.
These software are capable of automating a wide variety of processes and tasks in the accounting department, making the access to accurate information on cash flow and working capital easier, as they provide thorough reports with detailed data for strategic decision-making.
It is also possible to check expense and revenue graphs, daily balances, and even make future debit and credit projections, separating them by periods, which is essential for a good financial organization.
As you can see, maintaining the business’s financial organization involves using a series of good practices and innovative tools to ensure the good economic health and survival of the company, in addition to maintaining its competitiveness, even in delicate scenarios.
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To be successful in the services market and ensure a good position against the competition, it is essential that managers aim to improve their knowledge of management. In this regard, among the issues that should be worked on in the business, we can mention various aspects of the financial sector, such as the implementation of a good chart of accounts for the company.
Basically, this concept refers to a set of transactions that represent the economic and financial demand of the company. Thus, the main goal is to organize the accounting work related to the records of operations. This plan also guides the preparation of the financial statements, as well as the business’s financial information, such as the Balance Sheet and Cash Flow.
Due to its importance, it is essential to know how to develop this strategy in your institution. To help with this topic, we’ve listed some tips in this article. Check it out!
First of all, we must emphasize that a company’s accounts will always have characteristics that are specific to your business. Therefore, to have an efficient chart of accounts, you need to create something personalized in order to meet the enterprise’s registration requirements.
The first step in setting up this strategy is to describe the groups in the chart of accounts. In this case, it is divided into four groups. The first group is “assets”. It can be divided into current, non-current, long-term, fixed and intangible assets, and investments. There is also the group of “liabilities”, which includes current and non-current liabilities and equity. In addition to these, we have two other groups: revenues and expenses.
Another important point is that this accounting strategy should be set up in a visual structure in the form of a “tree”, so that there are levels that branch into sub-levels and so on. Furthermore, it is interesting to start organizing the processes by revenues, then by expenses, until finally arriving at the final result.
In the case of revenues, the type of product or service that justifies the inflow of funds in the institution should be established, as well as the nature of the transaction and the categories to which it belongs. It may also be useful to separate into subgroups, as is the case of “Revenue resulting from product sales” and “Revenue obtained from services”.
Another tip is to detail the direct expenses that are related to the revenues achieved, such as raw materials, sales commissions, logistic transportation, cost of goods sold, etc.
Well, these were the main information about how to prepare a chart of accounts for your company. It is worth noting that this strategy has the advantage of allowing for a better view of the company’s assets, liabilities, revenues and expenses, making processes more organized and effective.
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In an ideal world, the perfect scenario would be one where companies would order products and services and pay for them correctly, within the deadline. In practice, however, we know that this is not the case.
For different reasons, many companies and customers end up not honoring their commitments and causing inconvenience and impasses in negotiations, which leads to a situation that is feared by many people: the outstanding financial obligations.
Do you want to know more about this topic, how it impacts companies and how to avoid it? In this article, we will explain a little more about it. Check it out!
A financial obligation arises when a company registers with credit reporting agencies a debt that has not been paid by another company in a negotiation. This information is recorded in a database for five years after the maturity of the obligations.
It should be noted that they are different from protests, which is when a person or company fails to pay a security and is registered with a Notary’s Office for Protested Notes. The financial obligations aim to prevent the granting of credits to defaulting companies, while the protest aims to receive debts by officially exposing them.
Outstanding financial obligations impact both sides. For the debtor, the registration of the outstanding obligation makes obtaining credit difficult, which, in case of need, can be fatal for the survival of the business.
As for the company that does not receive the amount due, the risk is the impact on cash flow and on the financial health, as well as being an impediment in the pursuit of a healthy future.
Several losses may arise with the outstanding financial obligations, but it is possible to avoid them. Check out how to accomplish this below.
For companies that do not want to be jeopardized by debtor companies, it is always advisable to carry out a prior analysis before doing business. Check if there are any outstanding financial obligations registered with credit reporting agencies, and only make the decision to enter into a contract after a thorough analysis.
Laying out the company’s duties in a normative way is always a good option to organize processes. Therefore, establish a credit policy with specific rules.
A good practice is to never grant credit or provide products to new customers. In addition, prioritize retaining trusted business partners whose payment is assured.
This tip is valuable both for those who have not received the money and for those who are in debt. After all, as we discussed, outstanding financial obligations are bad for both parties involved.
Thus, knowing how to negotiate and reach a consensus can be a great solution to avoid inconvenience. It is always good to consider that not everyone fails to pay in bad faith, and that a good relationship and intermediation are essential in conversations.
Always keeping an eye on outstanding financial obligations and contracts with suppliers is also essential. That way, it will be easier to quickly identify any payment that has not yet been made and that is due. As a result, it will be possible to solve problems quickly.
For some of the issues we mentioned, technology can be a great partner. After all, there are currently complete software’s that help to centralize data and information, allowing a better monitoring and assertiveness in decision-making. These tools also send alerts about contracts and debts maturing, making day-to-day monitoring much easier.
With the numbers and data that these tools are capable of collecting in hand, it is possible to have a better overview of the business and the financial obligations of suppliers and customers. They are great for helping companies with debts resulting from management difficulties, or those whose cash flow is being affected because they do not know the origin of the non-payment.
Are you curious to learn more about how these tools may help you? Then check out our article about the importance of software for controlling the costs and profitability of your company!
