How was your last financial year?
Posted on: 20/04/16
One financial year has ended and new one begins, but have you reviewed your last year?
Many organisations will be doing their annual strategies, planning and budgets at this time to coincide with the new year activities.
As you may know, good business doesn’t just happen, there are changes which need to be made when you aren’t making business growth as well as when you are seeing increased growth.
Has your business found some significant issues that have caused concern over actual productivity? Or have you outgrown your current systems?
The common challenge businesses find when they review their last year is the amount of wasted man hours spent on the storage and management of data, documents and digital assets. Wasted man hours have resulted in a loss of money; Money is used up trying to fix insufficient systems or on extra hours trying to work around and salvage what is needed.
The new financial year will be the start date for business to bring better processes and workflows into operation to try and overcome these challenges.
Outgrown systems and struggles with data management can easily be sorted with a business management system. But I’m not talking your usual off the shelf business management system, as you may find yourself back at square one, a year from now; Organisations need to start to consider tailor made business management system that are flexible and can be configured to always keep up with the demands and changes that will continue to appear alongside business growth.
A flexible business management system will help carry businesses through any situation, to help keep data and documents under control and at bay, while also helping save man hours and provide deeper levels of insights into other activities happening in the business.
If improved business management in your new financial year is something you’d like to achieve for your organisation, then you must start doing things that little bit different. Changes and improvements don’t happen overnight, and it won’t happen by itself. Collaborating with the people within your business and the people with the expertise to drive and create your tailor made system will make it happen.
What are you willing and going to do today to start the journey in this new financial year?
Target are a software company providing bespoke business management systems globally since 2010 to companies such as Coca-Cola Enterprises, Kier Group, Decathlon and NHS procurement departments. Find out what we can do for you at: http://www.targetis.co.uk/products/