TPF logo with tagline
Turning Point Financial Newsletter                             September, 2013:  Vol 9
Greetings!
  
Welcome to the Turning Point Financial Newsletter.  We provide a fresh perspective on the state of your finances, business strategy, and operations, so you can point your business where it needs to go.
 
Several of you provided feedback that you like the case study format.  Here is one that I particularly liked working on as we were able to provide significant and quick results.  Enjoy!
 
Client Snapshot: 
Administrative Cost and Efficiency Improvement 

Situation and Challenge 

A manufacturer of office filing and furniture systems believed that their corporate overhead groups were costly and inefficient. We undertook a project to evaluate and identify process improvement and cost reduction opportunities within the finance and accounting, marketing and sales, and information technology functions. 

 

Solution

 As part of our analysis, we developed an activity-based costing model and functional view of the organization. We found a number of similar functions being performed throughout the organization, inadequate internal communications, narrow spans of control, inconsistent and loosely enforced policies and procedures, and inefficient processes. 

 

We recommended consolidating similar functions, centralizing support activities, and expanding management's span of control, as well as revising work flows and eliminating or revising marginally useful management reports.

 

Results 

We identified significant opportunities to reduce costs while increasing focus on corporate objectives and improving overall efficiency and accountability. 

 

Our work resulted in improved product profitability and operational efficiency. Internal communication was enhanced, consistent policies and procedures were established, and the overall effectiveness of the organization was elevated. The company realized annual cost savings of $2.5 - $3.0 million. 

 

Just as we helped this client improve their administrative functions, we can do the same for you. The business concepts and techniques used here can be applied to any business - no matter how large or small.  If you would like to learn more, please give me a call. 

 

Until next month, Point Your Business Where it Needs to Go! 

 

Best Wishes,

 

 
Kelly
2013, Turning Point Financial, LLC

Contact Us
Turning Point Financial 
PMB 111 
321 High School Road,
Ste D3 
Bainbridge Island, WA 98110 
206.842.4922 
  
Quick Links
In This Issue
Client Snapshot:  
Administrative Cost and Efficiency Improvement
Who We Are
 Turning Point Financial
provides finance, strategy, and operations consulting services to businesses in Seattle and the Puget Sound region. 
 

 

Kelly Deis, Turning Point Financial
Kelly Deis, Principal

Kelly Deis is a senior finance, strategy and operations professional with an MBA from The Wharton School, over 20 years of experience (including Deloitte Consulting), and a proven track record of driving business results.
 
Kelly brings depth and breadth of experience in all facets of finance, operations and strategy - from hands on financial management to strategic direction setting and cost reduction. 
 
  
Call Today
 Do you want to grow your business, but are unsure how?

 

Is your organization and processes as efficient and effective as possible?

 

If you need help thinking about these and other financial, strategic and operational questions, call us to schedule an initial consultation.

Join Our Mailing List