In deploying and managing the organisation’s finance and procurement resources the CFO, CPO and their team must at all times have access to accurate and timely information that can help them make better decisions to maximise the utilization of these resources. The role of finance is evolving; their task is not just to provide an accurate account of the business and its position, but to support the leadership team to grow and expand the business through better decision making
The need to manage and optimise the business’s working capital requirements is a crucial task of all finance departments. Particularly in times with market and economic uncertainty, the business needs to focus on unlocking its cash and optimising its working capital utilisation. The integrated relationship between debtors, creditors, inventory and cash is crucial to any business to succeed
Decision Inc.’s solutions enable the finance team to optimally manage and report on working capital across the following areas
The cost of running the business as well as the process of managing complicated supply chains needs to be a key focus of any finance team. From a supply of commodities in a production process through to the cost of running the business, effective vendor management and cost control should be an area of excellence in all companies.
Decision Inc.’s procurement team helps companies through the process of managing and optimising the procure-to-pay process as well as the management of vendor and buyer performance.
From the South African context the impact of BEE and Supplier Development produces significant statutory requirements on the procurement department. Our teams have experience helping clients implement BEE and vendor performance strategies as well as advising on the creation of Enterprise Development strategies to support company-wide initiatives
Solutions in this area include:
- Spend Analytics
- Suppler Development
- Vendor Management
- Contract Management and optimisation
The role of finance department as a key provider of insights is a crucial role that sees finance not only as keepers of the performance of the business, but as advisors on growth and improvement. Further to this in presenting the organisations back to management and shareholders the CFO needs to have the tools to easily consolidate and analyse information as well as present that information back it in a manner that provides users with the ability to make better decisions.
Decision Inc. supports a variety of clients with strategy and solutions that enable them to provide the business and stakeholders with information that enables them to make improved decisions. Some of these focus areas include:
- Management reporting
- Financial Analytics
- Budgeting and planning