The amount of data available to a company's senior executives is overwhelming; financial data, operating metrics, sales funnels, marketing feedback. Boiling these down to key performance indicators, balanced scoreboards and dashboards that provide accurate, timely, and actionable information is on the to do list of most CEO's and CFO's. Despite the skill these executives have at running their particular business, most have never had experience creating these tools. Old Port Consultant's team of private equity professionals can bring the necessary skills and experience to significantly improve the execution time and quality of these projects.
A company's senior executives need to know more than just the net income generated last month. For a senior management team to guide the company to success, they need to have forward looking operating and market information, in addition to accurate financial metrics. If your company is making money, but a quarter of your products lose money, that's important and actionable information that you might not see in a profit and loss statement. Is your backlog low because the quoting activity is low, the close rates are low, or because your production cycle has decreased. You, your investors and your lenders care about what's behind the surface numbers, Old Port Consulting can help you uncover it.
Whether dealing with investors, lenders, or your own staff, a P&L and Balance Sheet aren't sufficient to explain what is happening in your business. Old Port Consulting can help you create clearer and more complete presentations of your company's financial performance. With a focus on key performance indicators, your stakeholders can understand, instead of overreact, to the ebbs and flows of your business.
The recent advancements in machine learning and predictive analytics are revolutionizing the business landscape, from finance, to retail, to manufacturing. If your business isn't competing with these tools, you're likely losing market share to someone that is. Predictive analytics can help you better target customers, optimize labor utilization, minimize credit loss, and improve general revenue and expense forecasting.