There is a lot of information today inside the Companies.
Information provided from many system (with backbone the ERP) allows the departments to run the daily normal operations. But when we arrive in the Top Management level where the decisions are taken, we see that the information to serve the tasks of the Top Management is very limited. For example, the financial statements of the Company are generated every 3 months. This can be acceptable in stable economy times. But in AN unstable, very floating environment where sale prices, quantities, raw materials vary a lot inside an economic period and the profit margins fall under the global competition, it is necessary to improve the information and the understanding of the company in the Top Management level, so to serve the purpose of better understanding, the decision making, fast reaction to the problems and closer control. When the Management can only receive financial results once in a trimester or can’t identify the causes which provoke the problems or to understand quickly what advantages will provide the possible available solutions, then all this cycle is problematic, because the delay in understanding and reaction to resolve the problem is too long for today’s economic situation.
The problem becomes greater when a company produces and sells many different products with different margins, raw material values, and elaboration costs as is the case for the manufacturing industries.
Companies to survive and prosper in the next decade will need to prepare the information framework for the Top Management. This information framework must be designed for the Top Management, to facilitate the understanding of the company, the control, the decision making and the communication with the rest of the company.
Nexoft is offering the consulting and the IT-Solutions to the Top Management to succeed in their today mission.
Nexoft is offering a series of control models and solutions which will radically improve the way that the Top Management understands the Company, its dynamic and possibilities, its resilience to problems, the reasons of the actual results, the weak and the strong points and the real product costs. In this way they will be taking more realistic decisions and they will be able to react faster in the changes.
Here are some of the possibilities which will be able to use and exploit, to improve the decision-making process: