Page 14 - SKC Newsletter 2020

PERSPECTIVES BY SKC
How solution was implemented
Creating awareness and need for capturing right and timely data across board. Making various data points for capturing required data in various departments.
Implemented data coding and budget codes in accounting software to reduce data capturing effort.
Creation of multiple checkpoints in the accounting process.
These checkpoints were created by accessing the needs of the client, specifically.
Value addition for clients
Improved average recovery time by 45 days (from the existing 90 days).
Reduced inventory levels by 40% leading to freeing up working capital significantly.
Improved sales in high-profit products rather than low-profit products based on product wise data analysis.
Improved relations with distributors based on incentives given to them on exceeding their targets (findings of data analytics).
All financial indicators and information available to management by 10th of each month.
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