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Business Management | BIZZTEC

Business Management

Accounting Management

We apply practical management techniques to control and report on the financial health of your business. It involves financial analysis, planning, implementation and control of programs designed to provide financial data reporting for managerial decision making. This includes the maintenance of bank accounts, developing financial statements, cash flow and financial performance analysis.

Managerial Finance

We analyze financial statements and measure the results for management to assist them in the optimization of profits and market share. Aspects of our managerial finance activities include:

  • Comparing your results and matrices to other businesses in the same industry to compare performances.
  • Scrutinize changes in asset balances to identifying potential problems related to collection of Receivables or bad debt.
  • Analyze working capital to anticipate future cash flow problems.
  • Interpret financial results.
  • Analyze resource allocation and report on cost per activity.
  • Anticipating future expenses by preparing detailed and realistic budgets.

Corporate Finance

The primary goal of corporate finance is to maximize corporate value while managing the company’s financial risks. There are various ways to fund a company’s growth. Examples include:

  • Investors
  • Lines of credit from primary money lenders
  • Extended terms from suppliers
  • Offering customers discounts for early payment
  • Withholding dividends or bonuses to owners or shareholders.

We investigate your funding structures to ensure that the most efficient and cost effective methods have been employed. We focus on term, interest and deployment of the business assets.

Inventory Management

Over stocking and under stocking can both be equally destructive for a business. Over stocking results in cash flow being unnecessarily tied and also could become obsolete if it moves too slowly causing. Under stocking can result in lost sales and dissatisfied customers.

Our scope of inventory management encompasses the fine line between:
  • Replenishment lead time
  • Carrying costs of inventory
  • Asset management
  • Inventory forecasting
  • Inventory valuation
  •  Inventory visibility
  • Future inventory price forecasting
  • Physical inventory and available physical space for inventory
  • Quality management, replenishment, returns and defective goods and demand forecasting.
We assist in balancing these competing requirements which leads to optimal inventory levels. It is an on-going process as the needs of your business shift and react to the wider environment.

Performance Management

Through performance management:

  • We ensure that your goals are consistently being met in an effective and efficient manner
  • We monitor the organizational development of your company.

We achieve this by:

  • Focusing on the performance of your organization, a department, employee, or even the processes to build a product or service, as well as many other areas.
  • Employee or system performance facilitates the effective delivery of strategic and operational goals.
  • Using performance management programs or software directly and instantly results in improved business and organizational results.

Spend Management

We help your business control and optimize the money you spend. It involves cutting operating and other costs associated with doing business. Our managed services can help you improve the following:

  • Whether it is the money spent on goods or services for direct inputs (raw goods and materials used in the manufacture of products), indirect material (office supplies and other expenses that do not go into a finished product), or services (temporary and contract labour, print services, etc.), a company needs a mechanism by which they are not only able to save money but control costs.
  • Spend management is meant to represent a holistic view of the activities involved in the "source-to-settle" process. This process includes spend analysis, sourcing, procurement, receiving, payment settlement and management of accounts payable and general ledger accounts. This will give you a better overall view of your company’s costs.

Supply Chain Management

Supply chain execution is the process of managing and coordinating the movement of materials, information and funds across the supply chain. The flow is bi-directional. Bizztec can help you to better define and manage the following:

  • Distribution Network Configuration: number, location and network missions of suppliers, production facilities, distribution centers, warehouses, cross-docks and customers.
  • Distribution Strategy: questions of operating control (centralized, decentralized or shared); delivery scheme.
  • Trade-Offs in Logistical Activities: These activities must be well coordinated in order to achieve the lowest total logistics cost. Trade-offs may increase the total cost if only one of the activities is optimized.
  • Information: Integration of processes through the supply chain to share valuable information, including demand signals, forecasts, inventory, transportation, potential collaboration, etc.
  • Inventory Management: Quantity and location of inventory, including raw materials, work-in-progress and finished goods.
  • Cash-Flow: Arranging the payment terms and methodologies for exchanging funds across entities within the supply chain.

Cost Accounting

We can help you establish a budget and actual cost of operations, processes, departments or products. It includes the analysis of variances, profitability or social use of funds. Cost accounting is used to support decision-making to cut costs and improve profitability.  

Systems Management

This involves IT network management and software integration and includes the following tasks:

  • Hardware maintenance
  • Server availability monitoring and metrics
  • Software inventory and installation
  • Anti-virus and anti-malware management
  • User's activities monitoring
  • Capacity monitoring
  • Security management
  • Storage management
  • Network capacity and utilization monitoring
  • Anti-manipulation management