How to reduce business costs in a crisis?

This question is on everyone’s lips these days and actually the response is very simple:

1. Enforce business cost control measures;

2. Increase spends visibility;

3. Reduce overall costs;

4. Optimize overall process by eliminate waste.

Start using Wibiway today

Get in touch with Wibiway team and we will be glad to support you. We are experts in digital transformation, business strategy and business profitability. Our dedicated application will lead your digital transformation way and provide you the means to steer your business to success.

For details please visit: https://wibiway.com

What measures take companies to overcome the crisis?

Digital transformation

If you didn’t have the chance to do it by now, is the right time to seriously consider this. Digitalization represents the key for transparent and efficient business processes. Operational management apps offers real time support to proper coordinate the entire activity and implement measures to counteract the crisis effects.

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Revenues and expenses management

The times when the companies worked instinctively, took risks and were interested mainly to consolidate their market position and to eliminate the concurrence seems to be gone. These days everyone save costs to survive. Debts management becomes priority. Revenues and expenses management becomes the main activity that can create premises to remain alive and keep the wheels spinning.

Workforce management

Is time to reconsider the role each employee has and his contribution to the company survival. Reorganization became something normal and came from the struggles to keep the vital productive activities on. Managing the work of each employee creates the premises to identify the critical path that ensures talent retention and remaining on the market. The control of the activities becomes an important preoccupation and proper transparent mechanisms for allocation and monitoring shall be put in place.

Decision making process

Managers are more cautious when take decisions. These are made based on pertinent indicators, measured in real time and based on well-defined recovery plans. Investments shall be done in systems that monitor the performance indicators in real time. The actual context is like driving a boat through a rocky area with shallow waters. The dangers shall be detected rapidly and fast decisions shall be made. Companies needs to have solutions to enforce the agility of the decisional process.

Start using Wibiway today

Get in touch with Wibiway team and we will be glad to support you. We are experts in digital transformation, business strategy and business profitability. Our dedicated application will lead your digital transformation way and provide you the means to steer your business to success.

For details please visit: https://wibiway.com

Is your business prepared to face COVID19 crisis?

Everyone can estimate and create a budget, even in uncertain times like those we are currently experiencing, but there are few who manage to stick with it and to keep the wheels spinning?

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Yesterday wasn’t so important to have a strict monitoring system over expenses and revenues because somehow the losses were covered and by the end of the year the expected results came and most of the time the profit was there.

Now the things changed. The struggle is not to have profit but keep the business running, retain the employees and support some acceptable losses until the things get back to normal.

Some are saying that the normality is something far away and we have to reinvent ourselves to survive.

Start using Wibiway today

Get in touch with Wibiway team and we will be glad to support you. We are experts in digital transformation, business strategy and business profitability. Our dedicated application will lead your digital transformation way and provide you the means to steer your business to success.

For details please visit: https://wibiway.com