The life of a decision maker resembles a trip, with changes of course and obstacles that GPS cannot predict. Traditionally, cost management has been based on annual budgets, a static route map that, in current frenetism, is obsolete in weeks. It’s like driving just looking through the rearview mirror.
To prosper today, companies need a new compass: synergy between corporate finance and the Business Intelligence (BI). This combination allows the budget to transcend, transforming the cost management of a reactive accounting exercise to a strategic and dynamic function. It’s about using real time data to not only measure, but also optimize.
In our consultant, Braintech Consulting, we specialized in issues related to corporate finances and business intelligence, a few months ago a case of a manufacturing company came to us that, despite selling more, could not improve its profit margins. We implemented a BI platform that integrated finance, inventory and logistics data. The analysis revealed that, due to poor inventory management, the company incurred emergency freight. Although the general budget seemed to be fulfilled, these hidden cost overruns amounted to $ 1,300,000 pesos per month.
Business intelligence not only identified the problem, but quantified its financial impact, allowing management to make informed decisions. When optimizing stock levels, the company reduced its logistics costs in a 11%releasing working capital and significantly improving its liquidity.
This case is a clear example. BI turns corporate finances into an early alert system. Cost management is no longer only registering expenses, but finding hidden inefficiencies and generating value. In a world where each weight counts, this capacity is not a luxury, it is a necessity to not only survive, but also stand out.
Do not hesitate to contact us, our team is ready to advise you:
Brainch Consulting
Juan Pablo Rossi – CEO
+54 380 4364575
www.linkedin.com/in/juanpablorossiia
www.brainchconsulting.com
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