What we do for Finance

Would you like to reduce the cost of business transactions and free up cash within the business?

Availability of funds is more critical than ever with businesses often struggling for cash. So how can we help you?

Automated Data Collection (ADC) can make your enterprise solution real time but what does this mean and how can it help you?

ADC is the introduction of in process scanning and other similar technologies that enable material movements and business transactions to be recorded as a natural part of the business transaction. Data is recorded when the transaction occurs not sometime later using a computer terminal and paper based systems that lag the real world. The benefits lead to a more productive and efficient way of working that can release resource for other projects and a reduction in errors and mistakes. It will also enable executives to make better decisions from the accurate systems data. So what hard financial benefits should you experience?

1. Stock write offs / write ons will reduce. If companies have poor timing in stock control or poor identification labelling of goods, often stock will be written off in cycle counts only to be ‘rediscovered’ later when the stock movements catch up, or product is correctly identified. By integrating labelling with the data capture process and making the data capture part of material moves, these problems can be eliminated.
2. Goods receipt improvement will occur by making the goods receipt process faster and using supplier labelling to make the goods more readily identified. This will also provide better visibility of goods “receipted not invoiced” and the stock position of any items held in inspection.
3. Credit notes and customer queries and problems will reduce. Scanning of stocks issued to customers to validate that they are correct can eliminate incorrect shipments. This can make large direct savings with improvements in customer satisfaction and a reduction in the level of credit notes made.
4. Reductions in stock checks can occur as a result of more accurate stock on an ongoing basis.
5. Getting everything on a real-time basis can improve your company's ability to improve it’s processes. This will in turn reduce manufacturing lead times and increase availability of the correct items whilst reducing “dead” stock. Improved lead times and improved availability of the correct items will increase business.
6. Improved processes will improve efficiency. This will enable resource to be moved to increase business opportunity in other areas.

The ROI on well run Automated Data Collection implementations can be as little as six months which can make it a smart investment for improving the business.