“Money” is the main factor in running a business. If we manage and plan our finances well, it will help the company not lose money and have better performance.
Which sometimes you wonder, right? Why is it that no matter how much profit you get, it all runs out and some organizations have almost no reserve money left? Solving this problem is not difficult. We just need to know how to roughly plan our finances to see what we spend each month. The expenses include both fixed costs that we have to pay every month and frivolous expenses such as paperwork and office equipment.
Solving the problem of extravagant spending is not difficult. Let’s see what methods or tricks there are to help us have more money in reserve for future spending.
Cut out unnecessary expenses
In many organizations, this part may spend more than 50% and is the part that loses money the most. Cutting unnecessary expenses will help save money for the organization. Many people may wonder what unnecessary expenses for the organization are, such as document work. By printing documents starting from A4 paper, electricity costs, printer ink, all of these are costs. There are many ways to reduce document work, such as using recycled paper, printing only necessary work, or even choosing to store work on a PC instead of printing it out.
Make income and expenses
There should be a specialist to take care of the company’s income and expenses and personal money should be clearly separated from the company’s money because if the owner does it himself, there may be mistakes and there may be a mix-up until the exact income and expenses of the organization are not known. If it is a new company, there may not be a lot of data, so it can do income and expenses through Excel. But if your business is medium or larger and has continuous growth, there should be a solution to help make your accounting easier and more systematic.
Contact Triforce to set up a system for your organization.
This last method is considered the easiest. Just contact Triforce because we have a d/EPM system that will help your organization’s financial planning become better. d/EPM is an Infor solution that comes with functions that will reduce manual work for your organization. That means reducing errors and helping you plan faster.
Now that you’ve read this far, you’re probably interested in discussing and contacting Triforce about solutions, right? Email us at: info@triforcegs.com
Or call: 02-235-2312 and don’t forget to like and follow us on FB, IG and the latest channel is LinkedIn: Triforce Global Solutions.
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