“Where does your profit come from and how hard do you have to work for it?”
This is the exact question to ask yourself if you want to work smarter, not harder. We can help answer that question for you.
Why Cooper Reeves?
You may have gathered by now, our client relationships extend far beyond year end tax and compliance. Our aim is to add value to your business through meaningful insight – we work with you “on” the business (rather than you just working “in” the business).
What we do:
- Financial performance assessment – a deep dive into your current position
- Balanced scorecard metrics – based on the strategic direction of the business
- Financial and non financial KPI development – that influence decisions and behaviours · Product costing analysis – find out where your profit comes from
Our Experience: Work smarter, not harder?
We were engaged to undertake a product costing analysis. After reviewing the profitability of various products within the business, it became clear that Product “C” was far more profitable than other products that were producing the greatest top line revenues for the business.
So with a new product focus for the sales team, fast forward 12months, and gross profit margin increased from 28% to 35%, resulting in additional profit (combined with additional sales growth) of $550,000.