Specific Solutions

Business Strategy & Planning

Why do we exist? Where do we want to go? Where are we now? How do we get there? When do we get there? These are questions that often come up. A comprehensive business plan for a three to five-year horizon will answer these questions. It will also provide a direction for the business and an operating framework.

Vantage facilitates and enables businesses to evolve and document comprehensive business plans to enable growth & superior performance.

Budgeting

Budgets enable converting business plans into actions and help in controlling their outcomes. They are detailed, have measurable & monitorable outcomes and include key actions required to achieve the plan across all the business functions.

Vantage facilitates and enables businesses to prepare detailed and actionable budgets to enable growth & superior performance.

Governance & Policies

Corporate governance is a system by which organisations are directed and controlled. It encompasses the decision-making process, policies, rules. Corporate governance brings in transparency and provides space to operate, and at the same time helps seek accountability without loss of control. It balances the interests of many stakeholders – shareholders, management, employees, customers, suppliers, financiers, government, community; and delivers long-term success.

Vantage facilitates and enables businesses to formulate and document a framework of corporate governance to enable growth & superior performance.

Organisation Structure; Roles & Responsibilities

The organisation structure is the backbone which helps an organisation to achieve its goals. It impacts how its employees communicate and operate; influences productivity, employee relations and customer engagement. As the organisation grows, more the need for a formal structure, defined work assignments and clear lines of responsibility and authority.

Vantage facilitates and enables businesses to design their organisation structure, define roles & responsibilities to enable growth & superior performance.

Functional Policies

Policies are guidelines by the top management defining the boundaries within which departments and individuals operate. They are a set of principles to guide decisions and achieve desired outcomes and are implemented through processes and procedures. They facilitate delegation while seeking accountability, yet retaining appropriate control. Policies span all functions – marketing, production, maintenance, human resources, administration, finance and accounts, quality, IT, etc.

Vantage facilitates and enables businesses to formulate functional policies to enable growth & superior performance.

Systems & Procedures

Systems are often considered to be a hindrance to fast and flexible operations and hence ignored. It is sometimes felt that a number of opportunities are lost due to bureaucracy in following systems. This is far from reality. Systems are essential building blocks to create a performing organisation and a foundation for growth. Systems and procedures are guidelines that facilitate organisations to operate in an efficient manner and enable them to deliver on their objectives.

Vantage facilitates and enables businesses to evaluate, define, evolve, document and communicate systems & procedures in all areas of the organisation to enable growth & superior performance.

Business Review Systems

It is a fact that what you monitor is what you get. The corollary of this is that, if you don’t monitor what you want, you will not get that. A review mechanism, if structured and implemented well, will help align business activities and the functions to the business plan of the organization; improve internal and external communication, team building and better inter-functional integration; monitor organization performance against stated goals; take proactive action based on reviews to achieve organisation’s goals. To a large extent, it aids in bringing predictability to business outcomes as well.

For a review mechanism to be effective, it should be comprehensive, participative and structured.

Vantage facilitates and enables businesses to evolve effective business review mechanisms to enable growth & superior performance.

Management Information System (MIS)

MIS is critical to an organisation. It is a key decision support tool and facilitates planning; minimises information overload; encourages decentralisation; enhances co-ordination; integrates functions; improves efficiency of operations and makes supervision and control easier. It draws focus of top management to key performance metrics, releases valuable management time to take proactive decisions and enhance performance. To realise the full benefits, a good MIS should be calibrated for different operating levels of an organisation.

Vantage facilitates and enables businesses to design an appropriate management information system to enable growth & superior performance.

People Performance Review Systems

People are the key resources of any business. People performance can be improved by putting in place an efficient performance review process. Apart from being objective, it should recognise and differentiate high performance and assess potential for higher responsibilities.

Vantage facilitates and enables businesses to design an appropriate people performance review system to enable growth & superior performance.

Compliance Framework

Compliance is often considered a drudgery and a waste of resources and seldom given the importance it deserves. The unintended consequence of non-compliance is that it can wipe out good businesses. Organisations need to acknowledge the fact that in order to grow and remain competitive, they would need to operate within the framework of compliances and in a manner that insulates them from risks of non-compliance. Hence, ingraining compliance into the DNA of the business through a compliance framework will help managing risks and build an organisation brand.

Vantage facilitates and enables businesses to evolve an appropriate compliance framework to enable growth & superior performance.

Costing System

Are you sure of your costs? Is your pricing more intuitive and less data driven? Are your product mix decisions made based on back of the envelope workings? Are you clear about your capacity costs? Do you want to manage your costs better? Are you looking for avenues to reduce your costs? Are your competitors making better profits by selling at the same price as you? These questions can be answered by putting in place a sound and data driven costing system.

Vantage facilitates and enables businesses to institute costing systems and cost management frameworks to enable growth & superior performance.

Efficiency Improvement

Is your productivity lower than standard? Do you want to get a higher output with the same or lesser resources? Does anyone interacting with your business get a seamless, painless, delightful experience? Does it take an unusually long-time for things to happen in your organisation? Efficiency improvement across all activity streams will yield significant benefits – tangible and intangible. Efficiency improvements can cover shop floor, logistics, purchasing, finance, people and all transactions.

Vantage facilitates and enables businesses to enhance internal efficiencies to enable growth & superior performance.

Profit Improvement

Is your profit sub-optimal? Do you see too many fluctuations in profits? Do you see a potential to increase profitability in specific areas and need support to drill down and actualise the benefits? Do you want a thorough evaluation of your profitability?

Vantage facilitates and enables businesses to improve their profitability to enable growth & superior performance.