Management Consulting - PROBLEM SOLVING TECHNIQUE
The Client is a having a Proprietorship Business of Custom Printing & Stamp Manufacturing, which provides services throughout the State of Tamil Nadu having a common machinery setup in-house. The Major Client of his Business are staying around 50 Km of the radius from the Business Place.
Most of the multiple accounts were manually being handled for Business Input and Output. Out of stress to handle the Financial Crisis and Carry on the Business, the Client approached us for a Solution.
To simplify the Physical document management, Inderiv proposed three blocks of File tagged as Sales, Purchase and Financial Documents including a proper Bill book series. Note: – The client doesn’t want to get registered with GST, to get released from the document process and overhead expense associated with GST filing services, until it’s mandatory.
Current PC/Laptops/Printing Machine systems were been upgraded to the latest updates and patches available while deleting the unnecessary files and folder. Proprietary Software were been purchased to get done bulk printing work for some items so as to save time and assign fast delivery. Both internal and external backup system with best-in-class Internet Security were been implemented.
Category wise System Folder Structure was been created and file transfer to the relevant Directory was been done. Daily Sales & Purchase note was been maintained in Excel Sheet Application as the Client wanted a simplest way of maintaining so without any further investment.
75% of the old stocks were been recommended to be cleared up and sold at discounted offer price.
An approach were been made to a Nationalized Bank (Already with in term of a Business Loan) with a File containing PROPER DOCUMENTS of all Asset and Liabilities – For getting various scattered Debt into Consolidation plus additional amount for working capital. This approach was made to fully close the HIGH Interest Rate Credit facilities outstanding right at once, which the Client was already paying interest thereof and have single window of Loan Facility & Interest amount to be paid. This approach was being sanctioned after proper analysis and verification by the Bank, as to be recognized as a worthy Financial Deal for both parties.
Approximately 37% of Savings in Interest Amount in Ratio to the outstanding Principle Loan Amount.
Proper Data access, retrieval & saving with maintenance free Internet security system, while Saving around 50-80% of time in searching Due to proper Folder Structure in place.
Simple and worthwhile Document System in place resulted in Proper tracking of Sales & Purchase including Advance Payment, Outstanding Dues and the Profit Margins.
Ease of doing Business with working Capital In-Hand. Faster service with Proprietary Bulk Printing Software and Faster order delivery schedule.
Dual Data Backup system in place (internal & external), in case of system failure to get the System Up within few Hours.