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Align costs with your plan and concentrate on growth; transform finance to accelerate your strategy
GROSS MARGIN ANALYSIS & KPIs
We will help you put enough price on your jobs to cover your fixed costs while still leaving you with a good profit and creating a target gross margin for each type of work and prepare a set of important figures that you review at least once a month to ensure that your business is on track. These KPIs should be clear and predefined so that everyone understands what to expect. KPIs provide an early notice of which areas of your organization require attention. Monthly revenue, Gross Profit Margin, on-site productivity, labor usage, and client satisfaction are examples of KPIs.
PRICING & ACCOUNTS RECEIVABLE PROCESS
Keep track of budgeted costs on huge projects. Without accurate and timely project reporting, you risk budget overruns. And having early knowledge allows you to push the guys hard to get the project back on track.
The first rule of business is to get paid, and tardy payers are a major source of stress for technicians.
We will assist you prepare pricing templates and price book to simplify your pricing and invoicing which helps your staff give clients a price on the spot and complete the job then and there, draft proper terms of trade to have your clients sign them, and create a formal process to collect payment from clients, including scripts, letters, and debt collection.
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