In order to design and implement a successful strategy, we work closely with the company's management, knowing that the key to future implementation is the consensus achieved in defining priorities and strategic goals. Based on our assumptions regarding the company's strategy, we design new processes for the company by eliminating the less efficient processes, making sure that no area is left unattended.
Our strategic and operation development solutions cover the following areas:
Review of supplier relation
The optimization of the purchasing structure, the transformation of supplier contracts, the rationalization of the supplier base, and the improvement of the procurement processes on the basis of purchase and supplier data analysis offer several opportunities to realize savings and optimize expenses. The optimization of supplier contracts may facilitate further advantages in the fields of logistics and customs duties through the "authorized economic operator status" in the EU.
Process rationalisation
The revision and tailoring of business and support processes to the company's strategic objectives, and their comparison with industry best practices may increase efficiency and bring remarkable savings for the company. Tasks performed by external suppliers should also be reviewed since these are often not executed on the expected service level, do not bring about planned cost reductions or generate losses in revenue through fictitious reports. The review and replanning of processes and the control environment may enable the company to operate in a quicker and cheaper manner with customer satisfaction and service quality levels unchanged or even increased.
Supporting growth
For certain companies the economic decline is an opportunity for expansion or for the diversification of their activities. Through our comprehensive industry specific market assessment we review the legal background, competitors' positions and identify prospective clients. Furthermore, we develop a business model which will help the company to make the appropriate strategic decisions.
Working capital optimization
A key condition for keeping up operations is the analysis of the company's working capital position in order to ensure liquidity. During our review we analyze the company's current financial position; we assess the fulfillment of customer and supplier payment conditions as well as outstanding receivables in order to identify and quantify available allocatable resources. In addition, if required we help assess and manage exchange rate risk.
Cash flow management
With a view to cash flow management, it is recommended to perform a process level review and optimization of the collection practice, the management of accounts receivable and payable, the inventories management and planning, including tax planning, as well as the review of the reporting practice. This review may shorten the processing period of customer invoices, while the performance deadline for accounts payable is extended. Furthermore, the collection of receivables becomes more efficient, and inventories may also be reduced.
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Setting a new course The customer experience challenge facing Central Europe’s retail banks |
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CFO Programme Services for Chief Financial Officers |
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Global Economic Outlook |
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Deloitte Central Europe Top 500 The 500 largest companies in the region |
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Central European Deloitte Technology Fast 50 Award |