Fractional CFO | US ...ย โขย 25d
๐ Silent Profit Leaks in Diagnostic Labs? 3 Critical Audit Findings (And Fixes!) Just completed a high-impact operational audit for a diagnostic lab. Shocking how small gaps create big risks. Sharing insights: ๐ด Top 3 Hidden Risks Uncovered: ๐ฆ Inventory Black Holes โ HQ/branch records mismatched (dates and quantities) โ Expired stock discarded silently โ Zero lot/expiry tracking ๐ฐ Revenue Bleeding โ Credit sales recorded as cash sales โ Undocumented discounts (verbal approvals only) โ Daily cash โ system reports ๐ Reconciliation Ghosting โ No physical vs. system stock checks โ Critical items missing registers โ Branch/HQ units inconsistent (kits vs. pieces) ๐ก Our Transformative Fixes: โ Inventory Control Revolution โ Enforced expiry/lot tracking in core systems โ Monthly physical audits at all locations โ Standardized measurement units โ Financial Integrity Shield โ System upgrade for true credit tracking โ Digital discount approval workflows โ Daily cash deposits + automated reconciliation โ Compliance Safeguards โ Vendor contract reviews (price/expiry clauses) โ Centralized expiry dashboards โ Mandatory stock ledgers for all items ๐ Results: 99.8% inventory accuracy + plugged 6-figure revenue leaks. "In diagnostics, operational rigor = patient safety + profitability." ๐ค Your Turn: Whatโs your biggest ops challenge in regulated industries? ๐ Follow for more audit insights! hashtag#HealthcareOperations hashtag#LabManagement hashtag#OperationalExcellence hashtag#AuditInsights hashtag#ProcessImprovement hashtag#DiagnosticLabs
Finance Enthusiast |...ย โขย 4m
Looking to enhance your logistics and accounts operations? Here are 4 ways Zapier can make a tangible impact: - Automated Shipment Updates: When a package is scanned at the warehouse, Zapier instantly updates the tracking system and sends real-time
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๐ ๏ธ 90% of Indian factories still run on paper Protonn raised โน25 Cr to digitize small-scale manufacturers What's broken? โ No production tracking โ Inventory mismatch โ Zero analytics for factory owners What Protonn is building: ๐ฅ๏ธ Factory OS for
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๐ Transforming local businesses with ZeroBizz ERP! This shopkeeper is effortlessly managing sales, tracking inventory, and handling paymentsโall from a single screen. No more billing errors, no more manual calculationsโjust smooth, efficient transac
See MoreIndia's Health First...ย โขย 9d
Day #11 Why We Donโt Work With Third-Party Pharmacies Because trust can't be outsourced. When you order from most medicine apps, hereโs what actually happens: Your order is routed to a local partner pharmacy youโve never heard of. And thatโs who pa
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Day #7 Real Medicine. Not Maybes. Letโs talk about a silent threat in Indian healthcare: โข Fake pills โข Near-expiry stock โข Unexplained substitutions This isnโt rare. Itโs real and itโs happening every day. โข Counterfeit drugs make up 8โ10% of Ind
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Here are 10 important accounting tasks to complete before 31-03-2025 to ensure a smooth financial year-end closing and compliance: โ 1. Reconcile All Bank Accounts Ensure that bank statements match the books of accounts. Resolve any discrepancies b
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User Personas: The Key to Building a Successful Startup (sometimes these might be enough to convince an investor) When building your startup, one of the most crucial aspects is understanding your users. This starts with clear documentation of the pr
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