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Siegmund W
Siegmund W

Loves to work with small home businesses, family businesses and has lead teams within corporates to large multi-national companies, all with the same passion.

His Major Achievements

• Getting both board room members and general staff to understand what the numbers are saying.
• Setting realistic and achievable goals for business turnarounds or profit/efficeincy improvements.
• Creation of an on-line financial training platform (www.siegalacademy.thinkific.com) using his own unique Logic-Models™.
• Turning a ZAR multi million loss making operation into an eight-figure profitable Business Unit within 3 years.
• Successfully leading the finance departments for all the African Operations within a Business Unit.
• Creation of a statistical forecasting model to optimise scarce labour and capital resource utilization. (Implemented in 5 different countries)
• The successfully implemented management accounting function & a standard costing system (later rolled out to 4 operations within the group).
• Compiling all the statistical and financial evaluations for a ZAR 1 Billion investment proposal.

Hands on experience at heading the followinf functions within different organizations:-
Financial accounting, Management Accounting, Costing, Fixed Asset management, Inventory management & Control, Credit Management, Supplier management, Supplier audits, Payroll, Investment appraisals, Treasury, Forex, Taxation, Customs (logistics, tariffs & stores), Incoterms, Transport Fleet, Production planning, Strategic Planning, Procurement, IT Department, Change mNagaement Program.

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Siegmund W
3 months ago
HOW TIGHT ARE YOUR REPORTING DEADLINES ? Our customers have the following month-end deadlines that they follow religiously, Day 1 Close – Do month end final entries Day 3 Present – to board members the board presentation pack* Day 5 Hold month end board meeting - to discuss how their results have achieved their goals of their action plans! Then they initiate their new action plans, if required or tweak their current action plans. This is how your company should be running too! * Within this time frame the pack consists of the following standard reports by using their own standard financial software package together with our technology: - Balance Sheet / Income Statement / Cash Flow Report - Free Cash Flow Report - Value creation Report by Project / By Action Plan - Non-Financial Reports Does your finance person do that for you? If not you are perhaps dealing with an older type of financial person who is stuck on providing standard reports only. Easily comparing the following dimensions  the actuals,  the budget,  a rolling 12 months actual,  last year and the  new updated forecast, all done by MONTH, by Quarter, YTD, ROLLING TWELVE MONTHS and showing BY ACTION PLAN! We also present this same multi-dimensional analysis, within the following analysis  By Action Plan  Consolidated  By Business Unit  By Products (separating New Product introductions)  By Representative  By Geography  By Manufacturing unit  New products only  By Plant ALL THIS USING OUR CUSTOMER'S STANDARD FINANCIAL SOFTWARE !! This therefore means they do not purchase new software or change their systems. Nor do they employ more staff! They merely use our tools and methods. Speka to me if you require to know more. See how our methodology works.
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Siegmund W
6 months ago
ARE YOU A PRODUCT of the BRHC PRINCPLE? When you increase your sales volumes do you consider the increase in all of your risks or do you look at the obvious ones only like how good the income statement and profit line will look?
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Siegmund W
6 months ago
Focussing the Business Improvement Process Many businesses rely on the traditional financial statements to help the management assess whether they are doing well or not. In the two pictures below (showing excerpts from the financial results), one can see how traditional business analysis failed to highlight the underlying problems within these businesses. Instead, they showed the opposite happening within the business. This problem has been found to occur equally in large audited corporates, as it has been found in smaller SME operations! Why do these financial reports fail? Many accounting reports presented by the financial departments, concentrate on only two of the six capital elements within the business and may ignore the other four of these elements. They also sometimes do not highlight the fact that the company may be destroying value seen from an EVA perspective. Financial reports should be able to highlight the gap between the value that is being created and the value that the business should be creating. The planned projects of business improvement also need to be aligned with each other and prioritised so that a focused action plan can be derived. IMPROCUS tries to rectify these problems with its unique set of monthly reports. To help management control focus on the elements, the reporting must incorporate the improvement of the 4 Ps from the very start of the budgeting process. It does not help to look at them after the event and hope that the desired results have been achieved. Actions need to be attached to them from the outset. What are these elements? They include: - Processes - Productivity - Proficiencies - Profits IMPROCUS refocuses the business to both align and then incorporate the elements within its monthly reporting and highlights the deviations from the planned actions undertaken. Personnel require financial literacy It has also been the experience of IMPROCUS, that many of the personnel do not have sufficient financial literacy training and therefore lack the skills to help the business. This lack of knowledge is not referring to the staff’s ability to create financial accounts or reports in the traditional 4-pillar approach to finance, but rather refers to the personnel’s ability to understand the rules governing finance and how these affect the business. Personnel must understand the implications of their decisions on the financial survival of their business and its operations and how they can successful navigate through the risks to grow the business. The focus of finance must change in order to be successful. For further information contact us at IMPROCUS on siegmund@improcus.co.za We can help you analyse what needs to be the focus within your business and illustrate where the value gaps reside within your company.
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Siegmund W
6 months ago
IMPROCUS goes beyond merely providing you with the traditional financial reports but rather guides you to improve your business value. We use a structured and focused methodology to improve the 4 P's - Process - Productivity - Proficiency - Profit Using our unique M4RI scan on your business we identify the real value gaps. Contact us on angeline@improcus.co.za tebogo@improcus.co.za siegmund@improcus.co.za OUR GUARANTEE IS WE WILL IMPROVE YOUR BUSINESS !
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