<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:wfw="http://wellformedweb.org/CommentAPI/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:sy="http://purl.org/rss/1.0/modules/syndication/" xmlns:slash="http://purl.org/rss/1.0/modules/slash/" > <channel> <title>Cash Management – GPS USA Division</title> <atom:link href="http://www.gps-business.net/tag/cash-management/feed/" rel="self" type="application/rss+xml" /> <link>http://www.gps-business.net</link> <description>Buffalo Grove, IL - GPS USA Division Reviews</description> <lastBuildDate>Tue, 30 Sep 2014 17:13:38 +0000</lastBuildDate> <language>en-US</language> <sy:updatePeriod> hourly </sy:updatePeriod> <sy:updateFrequency> 1 </sy:updateFrequency> <generator>https://wordpress.org/?v=6.7.2</generator> <item> <title>GPS Reviews: A Clear Vision & Pathway To Profitability</title> <link>http://www.gps-business.net/gps-reviews-a-clear-vision-pathway-to-profitability/</link> <dc:creator><![CDATA[Carrie Ann Green]]></dc:creator> <pubDate>Tue, 15 Jul 2014 20:14:13 +0000</pubDate> <category><![CDATA[GPS Reviews]]></category> <category><![CDATA[Automotive]]></category> <category><![CDATA[Cash Management]]></category> <category><![CDATA[Family Business]]></category> <category><![CDATA[HR]]></category> <category><![CDATA[Retail]]></category> <guid isPermaLink="false">http://www.gps-business.net/?p=1538</guid> <description><![CDATA[<p><a href="http://www.gps-business.net/wp-content/uploads/A-clear.jpg"></a></p> <h3><span style="color: #000000;">Situation</span></h3> <p>A family owned business for over 50 years in the automotive industry utilized GPS to provide <em>“a clear vision and pathway to profitability.”</em> The company had been struggling with serious financial and operational issues.</p> <h3><span style="color: #000000;">Process</span></h3> <p><em>“My wife Angie and I were filled with anxiety and uncertainty as to where this journey would take us,” </em>due to the troubled state of the business. When the GPS analyst and consultant arrived, <em>“we began diagramming ‘where we are’ and ‘where we need to be.’ This brainstorming session, which I didn’t fully understand in the beginning, would soon become our recipe for success </em>…</p>]]></description> <content:encoded><![CDATA[<p><a href="http://www.gps-business.net/wp-content/uploads/A-clear.jpg"><img decoding="async" class="aligncenter size-full wp-image-1539" src="http://www.gps-business.net/wp-content/uploads/A-clear.jpg" alt="A clear" width="500" height="334" srcset="http://www.gps-business.net/wp-content/uploads/A-clear.jpg 500w, http://www.gps-business.net/wp-content/uploads/A-clear-300x200.jpg 300w" sizes="(max-width: 500px) 100vw, 500px" /></a></p> <h3><span style="color: #000000;">Situation</span></h3> <p>A family owned business for over 50 years in the automotive industry utilized GPS to provide <em>“a clear vision and pathway to profitability.”</em> The company had been struggling with serious financial and operational issues.</p> <h3><span style="color: #000000;">Process</span></h3> <p><em>“My wife Angie and I were filled with anxiety and uncertainty as to where this journey would take us,” </em>due to the troubled state of the business. When the GPS analyst and consultant arrived, <em>“we began diagramming ‘where we are’ and ‘where we need to be.’ This brainstorming session, which I didn’t fully understand in the beginning, would soon become our recipe for success and profitability.”</em></p> <p>After their analyst left, their consultant stayed on to provide the direction for the tactics to be employed, <em>“analyzing the fundamentals of our business and targeting the sources of pain and bleeding. Given the magnitude of the task at hand, he started with the most immediate pain point, financials.</em></p> <p>He quickly worked with my wife and I in order to develop a cash management system, budgeting, labor burden, and sales trend analysis—to name a few of the projects. His years of business experience really come to light as we tore down wall-by-wall of our fragmented accounting process and slowly replaced it with new tools and procedures that, plainly, just made so much more sense!</p> <p>As we moved to the operations side of the business, he helped us realize the breakdown in management within the service and sales areas. Through implementing time tracking and scheduling into our vehicle workflow, we arrived at a clear indicator that our service manager had to go, as improvement just wasn’t being made. Our consultant helped us drill down into the qualities that we really needed from a service manager and then assisted during the interviewing and successful onboarding of our new employee, who is working out well, so far.”</p> <h3><span style="color: #000000;">Result</span></h3> <p><em>“I can’t even begin to express how appreciative my wife and I are for the time that our consultant spent with us these past eight weeks. While we both know that we have a lot of hard work ahead of us, we now feel empowered that the decisions we make and the action that we take will be many educated years ahead of what we had prior to our engagement with GPS.” </em>Ryan, CEO</p> ]]></content:encoded> </item> <item> <title>GPS Reviews: Shaking Up The Status Quo</title> <link>http://www.gps-business.net/gps-reviews-shaking-up-the-status-quo/</link> <dc:creator><![CDATA[Carrie Ann Green]]></dc:creator> <pubDate>Fri, 16 May 2014 19:27:07 +0000</pubDate> <category><![CDATA[GPS Reviews]]></category> <category><![CDATA[Cash Flow]]></category> <category><![CDATA[Cash Management]]></category> <category><![CDATA[Financial Reporting]]></category> <category><![CDATA[Incentive Plan]]></category> <category><![CDATA[Marketing Plan]]></category> <category><![CDATA[Procurement]]></category> <guid isPermaLink="false">http://www.gps-business.net/?p=1409</guid> <description><![CDATA[<p><a href="http://www.gps-business.net/wp-content/uploads/Shaking-Up.jpg"></a></p> <h3><span style="color: #000000;">Situation</span></h3> <p>The owners of a commercial flooring company were dealing with a low margin, which resulted in cash flow issues. <em>“Prior to GPS, the cash flow volatility created great stress for me and Joe. We were resigned to the status quo and we did not foresee our company growing, beyond its size, at that time.”</em></p> <h3><span style="color: #000000;">Process</span></h3> <p><em>“Upon arriving,”</em> the GPS consultant <em>“evaluated our estimating and accounting processes. The first discovery was that we did not understand the difference between mark-up and margin. He also determined that we had no budget forecasting in place.”</em></p> <p>Numerous new procedures, protocols and metrics were …</p>]]></description> <content:encoded><![CDATA[<p><a href="http://www.gps-business.net/wp-content/uploads/Shaking-Up.jpg"><img loading="lazy" decoding="async" class="aligncenter size-full wp-image-1410" src="http://www.gps-business.net/wp-content/uploads/Shaking-Up.jpg" alt="Shaking Up" width="500" height="297" srcset="http://www.gps-business.net/wp-content/uploads/Shaking-Up.jpg 500w, http://www.gps-business.net/wp-content/uploads/Shaking-Up-300x178.jpg 300w" sizes="auto, (max-width: 500px) 100vw, 500px" /></a></p> <h3><span style="color: #000000;">Situation</span></h3> <p>The owners of a commercial flooring company were dealing with a low margin, which resulted in cash flow issues. <em>“Prior to GPS, the cash flow volatility created great stress for me and Joe. We were resigned to the status quo and we did not foresee our company growing, beyond its size, at that time.”</em></p> <h3><span style="color: #000000;">Process</span></h3> <p><em>“Upon arriving,”</em> the GPS consultant <em>“evaluated our estimating and accounting processes. The first discovery was that we did not understand the difference between mark-up and margin. He also determined that we had no budget forecasting in place.”</em></p> <p>Numerous new procedures, protocols and metrics were implemented in the following areas: accounting, operations, sales & marketing, and corporate & administrative. A few highlights of projects undertaken included organizing the Profit & Loss and Balance Sheet properly, improving field to office communications, tracking and setting up a material procurement process, creating a strategic marketing plan and facilitating an employee incentive program.</p> <p><em>“Every part of our business was improved by our consultant’s expertise and knowledge along with the tools that GPS provided. He methodically went through each aspect of our company and developed the methods that we use to plan, assign, execute and review.”</em></p> <h3><span style="color: #000000;"><strong>Result</strong></span></h3> <p>A standout result related to their biggest source of stress.<em> “With his help, we now have a correct margin and a budget forecast that allows us to see eight weeks of cash flow. These two items have made an invaluable impact on our business and the way that we think.”</em></p> <p><em>“When we began this process with GPS, we desired a cash management system, needed to improve efficiency within and across our company, and to improve our financial reporting,” </em>but they received much more, “w<em>e now have the knowledge and tools to grow our company and increase our profitability.” </em></p> <p><em> “Joe and I are very grateful that this opportunity was presented to us and we would highly recommend GPS to other businesses.” </em>Andrea and Joseph, Owners</p> ]]></content:encoded> </item> </channel> </rss>