Client Challenges
A client engaged in furnishing materials trading approached PKC with the following challenges:
- No focus on the business profitability/Net worth
- Income is significant but no sufficient cash flows
- Lot of non value added expenses like 9 members in accounts team
- No real time accounts are maintained
- No data for making business decisions
PKC Solutions
PKC helped the client with the following solution:
- Implemented product segmentation strategy to focus on right products to improve profitability
- Devised a financial roadmap to optimise the cash flows/ receivables
- Restructured the accounting system & legal structure
- Highlighted & reduced non value added costs at regular intervals
- Effective MIS system for tracking business performance
Results
- Defined growth strategy based on key 10 core performance metrics
- Improved business profitability/financial position
- 98% accurate stock information available
- 10 business concerns are merged into 1 single entity
- Accounts spend gone down by 70% with the same transaction volume
- Real time accounting system
