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Can we really reduce the cost of doing business?

Can we really reduce the cost of doing business?

For any business to exist, there are costs involved. Some are fixed costs, such as a lease, salaries, internet etc. While some are variable. Which are incurred only if we run the business? Example raw material, fuel, electricity etc. Though some of these may be required in minimum quantities whether we run the business or not.

If we closely observe, there is only up to certain limits where we can bring down the cost of running a business. In other words, there is a limit to the efficiencies. Let’s say usage of fuel or lubricants. Using less than required may actually end up costing much more for the business in terms of damages or losses.

However, there is another way to bring down the cost of running a Business. It’s by improving productivity. Let’s say an employee is producing $1000 worth of material a day. His cost (for calculation purpose only) is $100 per day. Whether he works or not, he has to be paid $100 every day. Which means the cost, in this case, is 10%.

Let’s say if we can somehow enable the employee to produce $2000 per day. Of course without him having to work overtime, or physically exerting more. Then the cost comes down to 5%. Though in real life it is not as simplistic, this example is used to communicate a message.

Now how can you bring down your cost of doing Business? Try CashOS.
info@CashOS.com

Bharath
Founder & CEO
bharath@cashos.com
Written on 22nd November 2018

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How to get the best out of your business Assets?

How to get the best out of your business Assets?

When we talk about Business, there are different ways to look at what constitutes as Assets. For example, if we look at the Balance sheet, it shows a segment called Assets, which primarily include any of the capital investments such as machinery, land or any other investments. It would also include items such as Cash, raw material, finished goods etc. It could also include Intellectual property or Goodwill which are intangible.

However, there is one asset that is considered under ‘expense’ category. That is the Human capital. Probably the most important ‘asset’ any company has. Name any company which has grown to substantial levels. Microsoft, Apple, Google. There are many more we could name. Each one of them reached the levels they are because of the people, the talent. Imagine any of these companies without the talent.

Now the point of this blog is how to get the best out of the people asset? Knowledge industries have a different way to achieve this. Incentives, work environment, recognition etc play a key role in helping achieve this.

Now consider the other side. Businesses which are in say FMCG or Retail or Distribution. Where a product has to be moved from point A to point B. How can a Business optimize the performance by its people assets? Unfortunately, there is only so much a company can give to people at this level as incentives. Especially in the competitive environment, we are in.

This is where technology can play a very important role. To help all concerned. Imagine a person can see his own performance at the end of every day. He doesn’t need to compare himself with others, however, it will at least give him an opportunity to improve, even if it is by slightest of margins. This will help him as well as the company. I am very sure such employees will be better rewarded by the companies also.

Would you like to learn how this concept of ‘self-regulation’ can be achieved in your business?

CashOS may be the answer.

Reach out to us at info@CashOS.com

Bharath
Founder & CEO
bharath@cashos.com
Written on 22nd November 2018

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Do You have Complete Control Over your Cash Flows?

CashOS is a unique, first of its kind technology solution which enables companies to not only focus on Cashflows but also help liberate cash from their operations. In addition, CashOS also helps Businesses to improve their profitability which eventually leads to achieving a competitive advantage in a fiercely competitive environment.

Do you have complete control over your Cash flows?

Imagine, you are a Business and you have

• Complete visibility of your operations end-to-end with real-time dashboards
• Full control of your operations
• High responsiveness to external events
• You may be wondering how this is possible at all!!!

CashOS has brought a solution for this age-old challenge for the Brands.
Using CashOS technology you can

• Accelerate your cash flows
• Reduce your inventories
• Track each and every element of your Supply chain, both upstream and downstream
• Almost completely eliminate the challenges of having an in-house IT department, the costs and investments that come with it
• And most importantly focus on your CORE business, which you are good at!!!

Think CashFlows, Think CashOS. Write to us, so we can connect over a call and see if we can help you solve your Cash challenge

A few questions for you:
• Are you facing Cash flow challenges?
• Do you have high Working capital financing costs?
• Do you have visibility to how much is lying where across the supply chain?
• Do you have visibility to the velocity of the inventory flow?
• Do you have complete control over the upstream & downstream supply chain
• Is this a high priority area for you?
• Would it help if we reduced your inventory costs?

Bharath
Founder & CEO
bharath@cashos.com
Written on 14th November 2018

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What are the benefits of having clear visibility of your entire value chain?

We have seen several instances in the past where Executives who probably had good intentions often get blindsided by events happening somewhere in their organization. As an organization grows bigger and bigger, it becomes more complex with a lot of moving parts. Another challenge that comes up with larger organizations is the ‘silo’ thinking. Even senior executives start thinking quite narrowly to safeguard their own interests and further their departments, sometimes at the expense of other departments.

This is where having a complete visibility of the value chain can help someone with decision making authority.

A CEO need not go into the details of what’s happening in a department. If he has the key metrics of how each department is functioning and that too on a real-time basis, it helps her to not just keep track but also ask the right questions. This will help to ensure a healthy environment of responsibility and authority can co-exist. Moreover, such an environment will also lead to a high performing organization with little scope for individuals to ‘play’ with the system.

Question is how can CEO’s achieve this. One option is to go with the high investment, high tech model. The other is to look at solutions such as CashOS. Light footprint, Light tech, minimum cost and easy and quickly implementable.

Would you like to know how CashOS can help your organization to get a more clear view of your value chain?

Reach out to us at info@CashOS.com

Bharath
Founder & CEO
bharath@cashos.com
Written on 16th October 2018

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Focus on the right things

I am sure many would have heard ‘whatever you focus on improves’. What

does this mean? Let’s take the example of Health.

You, the person who is reading this article, where do you see your health on a scale of 0 to 10. Are you happy with the answer that comes to your mind?

If you are not happy, it could be only because you are not doing anything about it. Which means you are not dedicating an adequate amount of time and putting in the effort required to get into good shape.

Why does this happen? Is it because people are not aware? Or people don’t want to? Mot really. You ask anyone they want to have great health..well almost everyone. You will always find those outliers who really don’t care about such things!!!

Its just that Health may not be a priority for you or there are other things which you think are of higher priority. I have heard people saying things like they are so busy they can’t find time to exercise. That’s an extreme, isn’t it? How can anyone be so busy with things such as Health?

Another reason is what books such a The Slight Edge and Compound Effect touch upon. Whether you exercise today or not, it will not give you significantly different results. So people lose focus on long-term because of short-term results or lack of it.

The most effective way to get to the issue is to identify your priorities and focus on them. Let go of all other trivial or nonpriority issues or keep them for a low priority time.

Which means if Health is important for you, make it a priority, which means allocate time on a daily basis. If you are not giving time, what you are implicitly saying is Health is not a priority for you.

Now how does this apply to Business?

Very simple, whatever you focus on improves. Because by natural extension you are bound to take action.

There are so many systems and solutions today that address various challenges of an organization. Interestingly I haven’t seen any of them addressing the core issue of Cash. This is where CashOS comes into the picture.

CashOS is probably the only solution in the world whose primary purpose is to focus on Cash and cash alone. Which means CashOS can help your company to become more Healthier!!!

Would you like to learn more about CashOS?

Reach out to us at info@CashOS.com

Bharath
Founder & CEO
bharath@cashos.com
Written on 16th October 2018