Why is working capital management crucial to a company?

For an organization to grow, the goal is to have an effective working capital management which helps in ensuring the firm's continuity and it enables in maturing both short term debt as well as upcoming operational expenses. The management involves managing the inventories, accounts receivables and payables and also cash.

The activities performed by PNJ Group in contemplating working capital management: -

• Reviewing the functions that are necessary for organization and managing the team goals and tasks.
• Scrutinizing the receivables and payables cycles.
• Setting benchmarks and escalation of processes.
• Identification of scope of areas to improve cash flow cycles
• Conferring better payment and collection terms.

Why Cost Management Is important for Every business?

The major challenge nowadays is to manage the cost of business. Therefore, cost management is required in an organization as it is a process of planning and controlling the budget of a business. It is a form of management accounting which allows a business to predict impending expenditures to help reduce the chances of going over budget. Thus, it is a planning, estimating, budgeting, financing, funding, managing and controlling costs so that the tasks can be completed within the approved tenure and budget. This helps in ensuring competitiveness in long run.

Activities performed by PNJ Group shall include.

• Analyzing of business objectives
• Establishing budget costs, reports, preparation of charts etc.
• Evaluating cost savings, excessive costs, efficiency etc.
• Comparison of actual cost and standard costs.
• Identification of scope of areas to improve cash flow cycles.
• Reviewing the cost structure

What is Profit Maximization Strategies? How to Make Your Business More Profitable

The basic motive of an organization is earning profits. CFO being the financial head plays an eminent role in maximization of profits for an organization. Profit is the most functional area of an organization therefore the opportunities are being looked into for maximization of the same.

PNJ Group helps in determining and deriving even the smallest opportunities of saving costs and maximizing profits. The techniques involved shall be.

• Revenue growth Plan
• Optimization of Operating Expenses
• Process Outsourcing strategy
• Pricing strategy
• Business Trend analysis
• Financial analysis
• Systematic controls
• Improving the business efficiency.