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Helping a family-run building materials factory professionalize and grow
BUSINESS PROBLEM: A family-run building materials factory needed assistance with updating its financial control systems, improving profitability, expanding its export capacities, and marketing its products internationally.
SOLUTIONS: Working directly with the owners and key staff members, the first multi-year project with the factory involved reorganizing the company’s finances, implementing new financial software, improving cash flow, and analyzing product pricing and profitability. After the financial success of this first assignment, they asked for help developing and implementing a strategic plan to expand their exports to multiple countries.
ASSIGNMENT: 7 years
RESULTS: The company shifted its financial control from a paper-based system to hybrid digital procedures, increasing efficiency and enabling much better reporting, which led to better decision-making. Cash flow improved by optimizing invoicing/collections, including automated reminders. Better financial control allowed for more accurate costing on manufactured products, which helped refine pricing and boost profitability. The company also secured new business for exports to multiple countries.
SOLUTIONS: Working directly with the owners and key staff members, the first multi-year project with the factory involved reorganizing the company’s finances, implementing new financial software, improving cash flow, and analyzing product pricing and profitability. After the financial success of this first assignment, they asked for help developing and implementing a strategic plan to expand their exports to multiple countries.
ASSIGNMENT: 7 years
RESULTS: The company shifted its financial control from a paper-based system to hybrid digital procedures, increasing efficiency and enabling much better reporting, which led to better decision-making. Cash flow improved by optimizing invoicing/collections, including automated reminders. Better financial control allowed for more accurate costing on manufactured products, which helped refine pricing and boost profitability. The company also secured new business for exports to multiple countries.