Automated, interactive monthly reporting
Instead of manually producing spreadsheets to show your monthly P&L, balance sheet and creditors and debtors, automate them and give people an interactive view they can question for themselves.
Six of the things customers ask for most often. None of them are possible inside a single system, which is exactly why they end up as spreadsheets instead.
Instead of manually producing spreadsheets to show your monthly P&L, balance sheet and creditors and debtors, automate them and give people an interactive view they can question for themselves.
If you have a key client or contract which is critical to the business, give it its own dashboard. Track leading indicators — response times, SLA compliance, productivity — alongside revenue and cost as you go, so there are no surprises at the end.
In every business there is some activity or productivity you can measure that predicts revenue before a sale is made or an invoice is raised. Find it, measure it, and forecast from it.
Replace the daily, weekly or monthly cashflow spreadsheet. Use activity data to forecast invoicing, invoice data and due dates to predict receipts, and purchase orders, regular payments, VAT, payroll and subscriptions to forecast what goes out.
You already know there are things happening in the business that hit profit. Rework, write-offs, discounts, scope creep, or a simple failure to invoice. Start measuring them and they stop being anecdotes.
The single biggest driver of revenue and profitability is how effectively you use your resources, whether that is people or equipment. Use timesheet and equipment data for daily visibility, and to predict margin problems before they arrive.