The efficiency of an organization’s processes, systems and procedures translates directly to the real cost drivers of financial, treasury and business payment functions. Maximizing the efficiency of financial operations will always result in the increase in profitability.
It goes without saying that most organizations have a certain level of processes and procedures in place that allow for and enable the daily operation of their financial operations. However, very few, if any, organization can claim that they have truly maximized efficiency within all of their financial operations, treasury management and business payment functions. In fact, one can argue that there is not a single organization that operates at a 100% efficiency level.
Vizant’s mission is clear with every one of its Clients: Maximum Efficiency and the Reduction of Ongoing Structural Costs
Vizant specializes in understanding and evaluating all of the processes, procedures and practices that link, converge and impact the flow of financial value and money into and out of your organization. Vizant lives and breathes Efficiency Maximization and Ongoing Cost Improvements.
In business, when processes and procedures are on auto-pilot and functioning on a daily basis, a mentality of “we have always done it this way” generally takes hold.
It is human nature to maintain things as they are and resist change. In most businesses, this is exactly how people tend to operate, as no one wants to upset the existing status-quo. Unless some process or system is ‘clearly broken’, it is rarely scrutinized and/or changed. And, as a result, Efficiency is never attained
A continuous, in depth and rigorous review and analysis of processes, procedures and systems is essential for both increasing and maintaining high levels of efficiency and operating at the optimum level of ongoing costs.
The true and real underlying costs and levels of efficiency are often masked, not known and buried in non-useful data, information and process reports While direct costs are critical to sound financial management, the embedded inefficiencies have the largest impact on the bottom line. Vizant is focused on analyzing the critical data and information that goes much deeper than the information and processes that may be only visible on the surface.
The statistics and numbers appearing on a spreadsheet only tell PART of the cost story. When it comes to financial operations, treasury management and business payment functions EFFICIENCY.
Most organizations are very good at identifying the VISIBLE, more obvious costs associated with a particular service, function, person, service provider, department, as well as the direct costs of payment or treasury service transactions. However, very few if any, really know the UNKNOWN, hidden and total costs of the processes, systems and processes in their financial operations, treasury management and business payment functions.
Every organization must evaluate and assess the ENTIRE flow and cycle of processes and procedures that ultimately determine the efficiency and costs that comprise their financial operations, treasury management and business payment functions.
Every organization has numerous procedures, systems and processes that comprise the most critical functions of their business operations. While these procedures and systems may look different in every company, every organization has some variation of the following common functions:
Accounts Receivable Billing
Accounts Receivable Management
Working Capital Maximization
Accounts Payable Management
Outbound Money Flows
Vizant’s Technical Know-How and renowned Efficiency Solutions are centered on Direct Costs AND…AND….AND…Most Importantly, the Efficiency levels of the procedures, systems and processes that comprise all aspects of your financial operations, treasury management and business payment functions.
Vizant identifies, analyzes and evaluates the processes, systems, procedures and methods that can create inefficiencies and lead to imbedded and unnecessary costs…costs that directly impact the bottom line.
We recommend solutions and then we implement them. They are always actionable and real world solutions that will increase and maximize efficiency levels and reduce the costs of your financial operations.