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

2. 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
Technology is changing the way we work!

3. 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

4. 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

5. We first need to understand the measures that matter1
Where are you now? 2
What are your business goals? 3
How are you going to get there?

6. 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

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

8. Examples and case studies3
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

9. 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.

10. 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.

11. Automate credit control
Use the system to automatically chase outstanding debts using predefined 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.

12. 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?

13. 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.

14. 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

15. 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
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.