How can technology improve the way you run your Business? Go Digital: How can technology improve the way you run your Business?

Technology is changing the way we work! Whittingham Riddell have four offices across Shropshire and mid-Wales with almost 200 staff supported by our specialist digital solutions team. 2 Tom Manford Andrew Richardson Sally Fisher Katie Edwards arichardson@wrllp.co.uk sjf@wrllp.co.uk ke@wrllp.co.uk tm@wrllp.co.uk Technology is changing the way we work!

What do we mean by technology? Smart phones, tablets and laptop computers – used everyday Digitalisation of software Automation For your business idea to deliver it’s true potential, it’s crucial to set targets. By defining clear targets and goals, you create real momentum and purpose in the company – but how do you track and measure performance against these targets? Its important to know why you’re in businesses and to have crystallised that core vision for your company. But once you’ve pinned down that vision, the next step is to set objectives that will drive you towards achieving your aspirations for the business. Artificial Intelligence

How technology can help… Improves efficiency Automates processes Information is available 24/7, accessible from anywhere Provides up to date information ‘at the click of a button’ Assists with compliance

We first need to understand the measures that matter 1 Where are you now? 2 What are your business goals? 3 How are you going to get there?

How setting targets drives your business performance Set a long term vision for the business Define your goals and set clearly defined monthly targets Monitor actual performance compared to targets using real time data Focus on improving results using up to date data to identify any shortfalls

£ Understand the information should you monitor Cashflow Profitability Actual vs budget Debtor days Monthly growth Income per client/job Income per staff member £

Examples and case studies 3 How are you going to get there? 2 What are your business goals? 1 Where are you now? Prepare a forecast Are the goals achievable? Automate credit control Reduce debtor days Improve cash flow In 5 years Turnover £200k Net Profit 10% Debtor days 46 For your business idea to deliver it’s true potential, it’s crucial to set targets. By defining clear targets and goals, you create real momentum and purpose in the company – but how do you track and measure performance against these targets? Its important to know why you’re in businesses and to have crystallised that core vision for your company. But once you’ve pinned down that vision, the next step is to set objectives that will drive you towards achieving your aspirations for the business. Turnover £500k Net Profit 20% Debtor days 20 KPI dashboard Monitor key KPI’s Monthly report pack Look at up to date information Monitor actual performance to forecast

Live dashboards For your business idea to deliver it’s true potential, it’s crucial to set targets. By defining clear targets and goals, you create real momentum and purpose in the company – but how do you track and measure performance against these targets? Its important to know why you’re in businesses and to have crystallised that core vision for your company. But once you’ve pinned down that vision, the next step is to set objectives that will drive you towards achieving your aspirations for the business.

Quick view of daily, weekly, monthly cash flow For your business idea to deliver it’s true potential, it’s crucial to set targets. By defining clear targets and goals, you create real momentum and purpose in the company – but how do you track and measure performance against these targets? Its important to know why you’re in businesses and to have crystallised that core vision for your company. But once you’ve pinned down that vision, the next step is to set objectives that will drive you towards achieving your aspirations for the business.

Automate credit control Use the system to automatically chase outstanding debts using predefined email templates Automatically send customer statements Record the promised payment date Mark invoices as in dispute or requiring follow up For your business idea to deliver it’s true potential, it’s crucial to set targets. By defining clear targets and goals, you create real momentum and purpose in the company – but how do you track and measure performance against these targets? Its important to know why you’re in businesses and to have crystallised that core vision for your company. But once you’ve pinned down that vision, the next step is to set objectives that will drive you towards achieving your aspirations for the business.

Do you need to finance a new asset and can the business afford it? Scenario planning Use AI driven software to easily see how changes to your business will affect your forecasted profitability and cash position Do you need to finance a new asset and can the business afford it? Can the business afford to employ more staff? What if cost of sales increase by 5%? Or 10%? What if you are forced to reduce your sale prices to remain competitive? What if turnover decreases or increases?

Easy to run financial reports For your business idea to deliver it’s true potential, it’s crucial to set targets. By defining clear targets and goals, you create real momentum and purpose in the company – but how do you track and measure performance against these targets? Its important to know why you’re in businesses and to have crystallised that core vision for your company. But once you’ve pinned down that vision, the next step is to set objectives that will drive you towards achieving your aspirations for the business.

Practical steps Take a step back and consider your business strategy 1 2 Are you where you want to be? Are you experiencing any challenges where technology could help? 3

Find out more at our workshop at 3pm or come and visit our stand Download a copy of our presentation using the QR code or visit www.whittinghamriddell.co.uk/bizfest Thank you for coming along today. I hope you have found the session useful. We will find it useful if you fill in the feedback forms included in your packs. If anyone has any questions we will be available for as long as we are needed as are our other colleagues in the room.