Five ways to achieve better process improvement in manufacturing
27 September، 2021
Managing a successful F&B operation
8 October، 2021
Financial management provides ways to attain goals and objectives in any organisation, including a manufacturing business. Changes in commodity prices, labour rates, technology, tariffs, and duties drastically impact the manufacturing industry. As a result, this industry faces challenges from a financial perspective. So, if you wish to know how to grow and expand your manufacturing business, you must comprehend how to manage your business unit’s finances.
The most vital role is to find investment opportunities for your manufacturing business. Presenting below is how we, at Infinity, can help overcome the challenges in financial management for your manufacturing business.
| Challenges | How Infinity Consultants can help |
| Business Expansion A manufacturing business needs expansion from time to time. But sometimes, due to a lack of proper planning and investment, manufacturing business units suffer losses. Therefore, all you need is to plan systematically and invest. | We help you provide a solid financial plan, drawn by us, that can ensure you the right financing for your equipment. We also ensure the manufacturer business owner realizes the impact on solvency ratios before purchasing any capital equipment. If you are sceptical about expanding your business, we will provide your business with a practical financial forecast for the future, to allay your anxieties and to make your way forward easier. |
| Capital Equipment Buying new equipment can weigh down a manufacturing unit with massive debt. And this increased debt can substantially impact the business manufacturing unit’s solvency ratios, such as its debt-equity and interest coverage ratios. | IMCC can help you evaluate your business’s financial health by detecting accounting errors and evaluating your business dynamically, thereby, helping you get clarity about the current financial status. Our experts will help you prepare financial statements, thus helping you identify your liabilities and assets, analyze financial statements, and give you categorized financial ratio analysis. |
| Working Capital Covering fixed costs such as employee wages, rent and utilities, or insurance is another problem that a manufacturing businesses faces. Managing your cash flow, operating expenses such as payroll, office supplies, insurance and utilities are other areas to be addressed. | We believe that working capital management optimization can add great enterprise-level and shareholder-level value to your manufacturing business. Working capital can contribute to earnings improvement which in turn, helps you maintain a solid working capital balance. With the help of analytics, we will process and analyze comprehensive information, assisting you in making data-driven, detail-oriented decisions. |
| Credit Management A large amount of debt can have a massive impact on a manufacturer’s working capital, making it difficult to meet current liability payments on time, resulting in damaged vendor relationships. Credit management has sometimes been less focused or even neglected in the business manufacturing unit. | We augment the structure and procedure of the sales process and customer outstanding collection system. We will help you with solid strategy formulation and optimization and serve you as your dependable and cost-saving credit controller and safeguard the desirable result that we will achieve. We will assist you in collecting outstanding credit and maintaining your credit management procedure and policy. |
| Implementing IT in business manufacturing unit Lack of implementing Finance-oriented IT and automation in the manufacturing business is another big challenge that is faced by business manufacturing units. | We also wear the hat of an IT expert and provide you with a Financial IT advisory to adopt IT in your business, thus aiding you in optimizing productivity and higher performance. In addition, we will provide IT solution evaluation and implementation, IT governance and advisory and support services, help you modernize your IT system, identify IT risks, and aid you in setting up data privacy and cyber-security. |
We recognize our clients and their needs and help them in long-lasting strategic growth models and performance improvement. Consultants at IMCC will also help your manufacturing the business proactively, thus making changes and improvements to your manufacturing business. In addition, our experts will focus on performance and gap analysis and help you increase your manufacturing unit’s productivity. So, if you desire to know how to expand your business, Infinity is at your service at www.infinitykw.co.
