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Uncover INVISIBLE Cash in your Business

CashOS: Uncover invisible cash in your business

The heading may sound strange…Is there something like invisible cash? If so where is it? What form is it? How do I know if it is there or not? How much of it is there? Etc.

Everyone who runs a Business intrinsically understand there is cash in hand, cash in bank. However a far bigger chunk of precious cash is lying somewhere else also in your business. Some of the major areas where Cash is ‘hidden’ is your raw materials, finished goods, work in progress. That’s not all. Cash is also ‘hidden’ in your company assets. Simple example is a computer. You have spent money to buy it. Are you getting the most out of it? We are not talking about the depreciation costs and setting aside funds for repair or replacement.

It doesn’t end there. There is something even more bigger that could be hurting you. Your employees. Do you agree you pay for every minute they work for your business? Question is are you getting the best out of your employees? We are not talking about making them work 12 hours instead of 8 hours. No no. We are talking about their utilization. This applies for any industry. They more so called ‘knowledge’ industries where people use their brains to the brick and mortar kind of industry where people do more routine, ‘physical’ kind of work.

How do you know who is the best, who is not? How do you identify the best performers and reward them?

Have you realized that these ‘invisible’ cash in your business, if effectively utilized could generate lot more sales, lot more profits for your business?

Now the question is how to achieve this.

Have you tried CashOS yet? If not, just message us. We would be more than happy to show you how you can generate more CASH from your operations. Reach out to us at info@cashos.com.

Bharath
Founder & CEO
bharath@cashos.com
Written on 17th January 2019

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What’s after ERP? Have you tried CashOS yet?

This are our thoughts based on our observations of what’s happening in the industry.

  • 1. Data centric decision making

  • a. Businesses are trying to mine data from every kind of possible sources to analyse their customer’s mindset and purchasing habits so that they can position themselves better. For example, if you are right now reading this article, be rest assured you are leaving a digital foot print which some company such as Google and other search engines could use your clicks to land on this page to analyse and understand your likes and dislikes, patterns etc.

  • b. While so much is happening in terms of analyzing the potential customers behaviors, not much is happening within the businesses. I am not referring to the high-tech companies but to the brick and mortar industries. At best they still use ERP systems. Which have limited data gathering features. For example, in a warehouse, most cases it’s the Supervisor who does most of the data entering while almost all the other staff just do their work as usual. There is no way to analyse the productivity of the department, the people working in it, Who is a great performer, who is not etc .It is all left to the biased judgment of Warehouse supervisor to elevate right people or gauge the work load.

  • 2. Delayed data capture

  1. a. Let’s take the same example as above. Typically, the staff either work on oral or paper-basedinstructions. Once they complete their work, they handover over some kind of written slips so the Supervisor can tally and enter into the system.

  2. b.Firstly the ‘data entry’ part of the activity happens to be one of the least priority things while ‘getting the work done’ takes precedence.

  3. c. Which means there is no way to understand ‘what happened and when’

  4. d. There is a significant delay in the data capture

  • 3. Loss of actual ‘producer’ level data

  1. a. The actual ‘producers’ in the organization, the people on the shop floor, the warehouse, the logistics etc don’t capture most of their activities anywhere.

  2. b. Which means there is no way to analyse what’s happening ‘on the ground’on in real time, why it may be happening etc

  3. c. To do any kind of ‘root cause’ analysis, its either too slow or not possible at all due to lack of data

  • 4. Cost

  1. a. There are so many ERP’s available these days. Even the so-called Open source ERPs need some customizations and hosting whose cost runs into thousands of dollars though they are little less expensive than real ERP solutions out there.

  2. b. There is also the maintenance / upgradation costs

  3. c. More importantly there is the resource cost in terms of the time and effort of key people in the organization

If you already have an ERP system or considering one, just remember there are better solutions at a much lower cost. Just that they may not be so well known yet.

At CashOS we offer end to end Mobile Cloud Solutions for Manufacturing, Distribution, Marketplaces, Brands  and Retailers . Your 30 minutes time may save you thousands of dollars and also help you to increase your profits and sales. Try us!!!

Reach out to us at info@cashos.com for more information

Bharath
Founder & CEO
bharath@cashos.com
Written on 17th January 2019

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Think CashFlows, Think CashOS

Wishing you a fantastic 2019.

This blog would be of particular interest to you if you are one of the below

1) You own an SMB / SME or you are into Distribution
2) You have a few people working for you
3) You are facing challenges either in Sales, Profits, Working Capital or Cashflows
4) You have STRESS from running your BUSINESS!!!

Yes. the last point is particularly true in the current economic situation. If you are employed, you can at least expect a pay cheque at the end of the month. If you own a business, you need to generate cash to pay all your staff and then pay yourself.

We will be covering how CashOS, a unique cloud-based mobile technology, can help YOU to run your business without the stress.

All your questions will be answered in subsequent blogs. Watch out for more.

Once again, wishing you a great 2019.

Bharath
Founder & CEO
bharath@cashos.com
Written on 5th January 2019

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Matching Demand and Supply

CashOS: Matching Demand and Supply

One of the major concepts in economics is that of ‘Demand and Supply’. Everything in our economy depends on these two factors. If there is too much Demand and supply, prices increase. If the other way round, ie. Too much supply and no Demand, then prices drop.

If we look at any area, there is some kind of equilibrium between these two. For example, there are cases when farmers have a bumper crop of a certain product and the prices drop drastically. However, if we look at history, most of the cases these are cyclical and tend to settle down at a level where no one makes exorbitant profits for a prolonged period of time. However, when it tends to go out of control, the Government steps in to control the situation.

Now let’s look at the Demand-Supply question when it comes to a Business. Every business has several stakeholders. At a minimum, it could be the customers, the business itself and the suppliers. If it is more complex, there could be multiple entities at each stage.

The Demand as we know if the ‘pull’ from the Customers or market. This is often translated to the production needs by the Sales team. In a simple structure where there is only Distribution, it could be a simple operation of procurement and warehousing that serves this function.

Now let’s say there is too much ‘Demand’ from the Sales guys, the Supply may be adequate or may not. However, if this was not planned, then the Warehouse people will most probably include a ‘buffer’ to cater to such additional Demand from the market.

However, if there is no proper communication, and planning then this tends to swing too much thereby leading to loss of sales or excessive inventories. Both of which are dangerous for the Business’s operations. The best way is to match Demand and Supply so that there is a balance that is maintained at all times.

Now how can you maintain this balance? There is no Government which comes to the help of a Business. The best way is to have a simple, technology-driven process which ensures all of this happens automatically, without depending on any individuals.

How can a Business achieve this balance without having to invest tons of money? Try CashOS.

You can learn how you can match Demand and Supply in your business at less than the cost of a cup of coffee? Try CashOS

Please reach out to us at info@CashOS.com for more details.

Bharath
Founder & CEO
bharath@cashos.com
Written on 29th November 2018

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Eliminate the need for Paperwork

CashOS: Eliminate the need for Paperwork

One of the challenges Businesses face is the documentation and paperwork. Though on the face of it, having a piece of paper looks simple and easy, it creates huge challenges.

Maintain a record of the papers
Retrieving the relevant records when required
Safekeeping the records from dust, termites etc

Though technology has played a key role in addressing this issue, some pockets of the industries still follow the earlier processes. For example in the Distribution industry. It is very common to see the delivery executives taking the invoice papers along with them for delivery. Similarly, the field salespeople write down their orders on order forms, which are later inputted into computer systems. Apart from the paperwork, this also adds to cost of manpower who have to just key in data from the documents. And when the human angle comes in, errors are prone to happen, no matter how carefully the work is carried out.

An alternative to this is to automate all the processes. Imagine all your employees carry their own smartphones, track their work on their phones in the apps designated for them, the data gets consolidated.

A simple example could be said spare parts issue. Say the floor employee raises a requisition on his smartphone, the supervisor gets a notification on his smartphone to approve and once approved, the spares in charge gets a notification to issue. Once issued, he can enter the details of to whom issued etc. The complete cycle is done paperless. There is no hassle of maintaining records. Everything is tracked. A permanent log of which can be stored safely in the cloud.

Would you like your business to become paperless? Try CashOS
reach us to learn more how we can help you. info@CashOS.com

Bharath
Founder & CEO
bharath@cashos.com
Written on 29th November 2018

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What gets measured gets done

CashOS: What gets measured gets done

There is an old saying ‘what gets measured gets done’. Now what does this mean in a business context? Most of the businesses have developed elaborate goal setting processes and every year most of the key executives spend considerable amount of time and energy to develop the goals and plans for the subsequent year.

Once the goals are fixed, it trickles down to the Departments, and the people in the departments and so on. Now imagine for a minute goals are set but no one bothers to measure the progress. What would happen? Very soon the people would lose focus and goals would go for a toss..till the next year comes…

The same applies in other areas of life too..for example if you want to lose weight and say you have set a reasonable goal of losing 2 kilos per month. Setting goal is one thing. Getting into action is another thing. Most of the goals are missed not because of lack of intention but more because of lack of focus on the daily activities.

Many organizations leverage technologies to keep track of the goals. However Technology may not always available to everyone in the organization. For example a Shop floor person or a field sales person or a delivery execitive may not have access to a laptop or computer.

Now is it reasonable to expect the supervisors and managers to continuously followup on these individual goals? It is a very tiresome, friction filled process.

Now imagine each of the employees have a mechanism to measure themselves against their goals on a daily basis? And all the employees performance gets consolidated and shows up in the supervisor’s dashboard? May be he can even display the key achievers statistics on a public notice board.

What would happen in this case? Naturally everyone would be motivated to achieve their goals, while they also keep track on their daily activities, which all rolls up into the Department and organizations goals.

Would you like to learn how you can make this happen in your business at less than the cost of a cup of coffee? Try CashOS

Please reach out to us at info@CashOS.com for more details.

Bharath
Founder & CEO
bharath@cashos.com
Written on 29th November 2019

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Why CashOS

CashOS: Why CashOS?

Many people ask me why this unique name “CASH OPTIMIZATION SOFTWARE”…

We were looking for a nice sounding name..we tried several variants and landed on this one!!!

Not really …

Let me cover this in two parts.

Part 1: Why Optimize?
When we looked up for the definition of the word ‘optimize’ the following came up on internet. Wikipedia says “make the best or most effective use of (a situation or resource)”.

Part 2: Why CASH?

Once we had arrived at this conclusion, then we looked at what our technology could do for a business. Does it look at Resources? Does it focus on one particular area, say HR or Supply chain?

We all know that CASH is like OXYGEN for a business..probably THE most important resource. Of course there are other resources such as leadership, technology, employees etc but none of these would probably exist without CASH.

Our technology specifically looks at the visible and invisible cash components of a business. (Probably with so much focus, it may make many people uncomfortable!!!)

That’s how we arrived at Cash Optimization Software or CashOS.

Reach out to us at info@CashOS.com

Bharath
Founder & CEO
bharath@cashos.com
Written on 29th November 2018