Increase revenues or reduce costs and expenses, so that earnings are improved


Hidden factory or hidden operation

The rework and cover ups, the hours and days of wasted time in a company of people who constantly correct mistakes (unnecessary rework). The objective is to make the hidden factory visible (measure/calculate ROI) and as result returns precious time and money to the business.

It is about extra man-hours, additional costs due to rework (credit/debit notes) and retrospective corrections and/or disclosures. Example: how much rework is required before numbers received from finance systems can be used?

  • Does the process of preparing and compiling the client’s VAT return take more than 5 man days? (starting from the moment of VAT-data collection until the VAT return is approved and filed).
  • Are manual adjustments made to ERP figures before inclusion in VAT Returns?

What we offer

During an assessment of any solution we determine the amount of increase of workforce efficiency, how much rework is avoided, risk exposures are decreased but as well how visibility and awareness are improved by which the tax function is able to set better priorities.

For questions please contact us.

See for more detailed information 'Spreadsheets and VAT Compliance' and 'ERP systems and tax engines'


Process improvement

 




Take aways 

Efficient process

A process that achieves the end result with minimum time and effort, and for minimum cost.

Lack of visibility

Employees that do not know a problem exists because their own or overall interactions are not looked at critically.

Value of a project or solution

Imagine how much you could save if the problem was completely eliminated. How long does this process take within your organization and what will be the amount of annual saving (i.e. Return on Investment period) after implementation of the solution at hand?

Bottom line saving

How changes eliminate wasted time, resources, and money and the completion of improvements(s) adds a specific amount to the bottom line (reduce expenses):

  • Less resources needed
  • No rework
  • Improves working trade capital
  • No disruption of the business
  • Lower external advisory costs
  • etc.

How projects or solutions increase revenues or reduce costs and expenses, so that earnings are improved.

Process improvement

Reduce both time and cost in tax processes, improve quality and reduce risks.

Time spent on compliance

Does the process of preparing and compiling the client’s VAT return take more than 5 man days? (starting from the moment of VAT-data collection until the VAT return is approved and filed).

Stakeholder analysis

A process to determine who will be affected by the outcome of a  project or solution.