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Lean Business, Accounting Processes to Gain Capacity (Video)

Posted by Andrea Brady on Thu, Jan 3, 2019

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Lean experts with accounting experience can help improve internal controls and identify where companies are losing money through inefficiencies.

Watch the video below, or read on for more information:


 

Lean Six Sigma can be done on the shop floor and in the office. You can really lean out any process as long as there's a process, and that's where you can really make huge improvements and gain capacity, both on the floor and in the office.

Using a lean expert that has an accounting background and an auditing background, we can really help more quickly identify where those leaks are, where those controls are going awry, or where you're really losing money and you don't even know it – where all those inefficiencies are.

The benefits a company could get from undertaking a Lean Six Sigma project are gaining efficiencies, increasing capacity – which will allow you to create more product without adding headcount – you can really streamline your process. Now what that company decides to do with that excess capacity – that's where you can really impact the bottom line.

One of the other benefits of a Lean Six Sigma project is an improved financial process – whether it's your cash out the door, your cash disbursements, or your receipts or payroll. Whatever that cycle may be, any time you improve a process, you increase your staff morale, your employees are more satisfied, your customers see it on the other end. Just overall, the benefits are numerous.       

How much time and money might your company save through a Lean Six Sigma project? Contact Andrea Brady, CPA, head of Concannon Miller's Lean Consulting team at abrady@concannonmiller.com or 610-433-5501 to find out.    

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Topics: Business consulting

Concannon Miller’s unique, holistic and intimate approach to financial health sets us apart from smaller CPA firms with more limited resources as well as mega firms where mid-sized clients struggle for attention. Contact us here to talk about improving your business.

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