Profit Finder ® - as a financial GPS - provides not only traditional but even dynamic after calculations and ofhter new KPI:s
Actual follow-ups so management really know what the company makes money on is fundamental to all business. But in companies whith no staff dedicated specifically to do after calculations these are therfore often not done. A common explanation is that the calculations are perceived as something that "can be done when there is time for it" and that they're not necessary in a way that they are a must in the day to day activities, and in today's lean business the first thing is to do what must have to be done.
This is the background for the development of ProfitFinder - to have a tool that quick and easy produces all needed follow ups - with full cost distribution. The first version of ProfitFinder was designed to measure the profitability of products and customers individually. Then there was a further need to measure where the results occurred so it became possible to create a fair stuff bonus. That was how the idea of a "financial GPS" come up that could show how the results emerged from order into the orders out. In order to follow how profit is made from production of products or services, through inventory if such exists, out via market department to coustomers is what forms the unique profit chains where profit contribution from all costs can be followed and managed. Therefore it is also possible to set goals and bring motivation in relation to the actual results produced to those teams who do the job. Read more about staff bonus under the tab on the front side bottom right!The advantage of ProfitFinder is that there are a number of additional features that facilitate monitoring and control the operations. The system can also run without being installed as we with a specific-built input application can easily take in data and then deliver ready to use follow up information. In this way, it is easy to learn to use ProfitFinder because you start to analyze what you are used to analyze and be familiar with the system and then progess further fullfilling other of your economic feed-back needs.
In addition to products and customers, ProfitFinder also analyzes the resources producing the products and those managing the customers. This allows management to get a complete analysis of the company's earnings.
Depending on the follow up needs a customer can choose to update their calculations, for example related to the monthly report, which we can help without doing any installation where we retrieve input data from existing systems and then our customer run the analysis from our server. Does the customer however need more frequent follow-ups, we suggest that ProfitFinder is installed at the customer so it can be updated as closely as every hour if that were the case - the usual is one time (at night) per day.
In order to strengthen, clarify and to remember the analyzed information ProfitFinder is able to handle notes and plans in the short and long term, directly related to the analysis. There is also a whiteboard added for discussion of analyzes. Finally there is a log for specific information relating to products, customers and resources - something we call "Product + Customer relation management", or "P + CRM". We have always felt it odd that a CRM system that should know all about the customers not have the actual customer net profitability - but ProfitFinder has it. Net Profit is of course crucial for the assessment of a client. With ProfitFinder, we come from the other direction and provides a comprehensive customer analysis down on Net Profit and combines it with the opportunity to also note other facts about the customer as a CRM-system does.