Now that the year is half way through – are you on target?
- 1) Reviewing the first half of the year is a good habit. Look at performance, number of new clients, average billable fees and increasing revenues.
2) Reducing expenses is often a Q3 goal, get ready to implement some new, zero to low cost systems and processing standards that will help bring in past-due revenues and reduce collections.
3) We will start looking at the coming year and seeing how technology can help. Maybe you want to consider some new tech, too.
In the last 6 months, we have been helping our clients to be more efficient, improve revenues and increase customer loyalty. We know that this is key to your success.
One new client dove in head first and added an online payment portal, implemented an e-mail billing process and cut turn around on receiving payments. These are three simple things that we can do quickly for new or existing clients.
In the near term she also intends to set up QuickBooks to help her create P&Ls at the push of a button with all revenues in the system in real time. She had to replace outdated equipment but chose to do this to help reduce her PCI Compliance risk and cut back on scan fees. She told us that the recent uncertainty in the medical and insurance industry was driving her to take control and be able to process payments at time of service.
So, while she is in the medical industry, we can do the exact same thing for retail, restaurant and service based businesses, too. Why wait until the end of the year, at least find out now how your business can improve, now. Implement when you’re ready. We are not going anywhere.
If we can help you get to where you want to go, please ask. We are here for you.
~ Mary Ann