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Optimize Profits
Focus on Growing Profits
Growing your sales is important, but so is controlling costs. Some things are intuitive, like negotiating better prices from your suppliers, or working with your staff to improve efficiency. Other areas like collecting your receivables sooner reduces your risk of writing them off, reduces the workload on your staff and reduces your interest expense.
KeyTrac™ enables you to monitor how well you manage these key profit components and set targets to improve them.
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KeyTrac™enables you to set targets for key profit drivers and see the impact on profits of attaining your goals.
In the example above if the company takes advantage of cash discounts controls labor costs, negotiates prices with suppliers and controls expenses they will improve profits. In addition carrying excess inventory and receivables often carry a 25% overhead factor and with the targeted reduction in those areas, there is a positive bottom line impact.
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> KeyTrac Versions
> Key Performance Indicators (KPIs)
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