Utilizing ProfitCents

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  • UTILIZING PROFITCENTS

    Date of Last Revision: August 24, 2012

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  • COURSE OUTLINE

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    Introduction and BackgroundWhat is ProfitCents?How Do Firms Use ProfitCents?Best Practices: ImplementationUsing ProfitCents as a Differentiator & a Value-AddUsing ProfitCents: Audit & Review Engagements
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    COURSE CODE

    (FIRST 2 DIGITS)

  • WHAT IS PROFITCENTS?

    Web-Based Business Analytics Software Application

    Converts Financial Information into Narrative Data

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    FIND Engine

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    3 CATEGORIES OF ANALYSIS

    Use With:

    Audit & Review For-Profit: Nonprofit:

    Engagements * Industry Research, * Industry Research,

    * Prospect Meetings, * Prospect Meetings,

    * Business Advisory/ * Board Presentations,

    Consulting * Audit & Review Engagements

  • 4 COMMON WAYS FIRMS USE PROFITCENTS

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    Differentiation in Proposals and Prospect MeetingsValue - Added Part of the Management DiscussionNext Step Consulting EngagementsPreliminary and Final Analytical Review
  • BEST PRACTICES: IMPLEMENTATION

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    Identify Users & in what capacity they will use ProfitCents.Identify Champion(s).Determine which clients you will use ProfitCents with.Build ProfitCents into your standard procedures & checklists.Share success stories internally.Schedule regular training with your ProfitCents Advisory Team.
  • CLIENT CHALLENGE

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    DISCOVER

    Sageworks Industry Data & Analysis

    ILLUMINATE

    Snapshot with Industry Intelligence

    NAVIGATE

    Counselor

    3 TIERED ADVISORY APPROACH

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    WHAT ABOUT YOUR CLIENTS?

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  • LEVRAGING INDUSTRY DATA

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    Applications:

    Initial Meetings with Potential ClientsSeminarsCase StudiesResearchEfficient Deliverable

    Carve Out a Niche

    Provide Relevance

    DISCOVER

  • SNAPSHOT EXTREME

    A Comprehensive Narrative Analysis of your Clients Financial Health Which Can be Used to:

    Establish a Face-to-Face Client Meeting.

    Reveal Key Trends, Changes, and Relationships

    Highlight Key Areas.

    Engage Your Client.

    Identify the Clients Specific Goals and/or Needs.

    Illuminate Opportunities for Additional Service Offerings.

  • SAGEWORKS COUNSELOR

    Leverage Foresight.

    Navigate Future Success.

    - Prospective Financial Statements- Succession Planning Services

    - What-If Scenarios - Informal Valuations

    - Cost Control & Profitability Modeling - Viability Analysis

    - Cash Flow Management Services- Buy/Sell Evaluations

    - Loan Application Proposals - Budgeting

    - Networking with Local Banks- Strategic Planning Services

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    COURSE CODE

    (MIDDLE 2 DIGITS)

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    Applications for:

    Audit and Review Engagements


    ANALYTICAL PROCEDURES

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    WHERE DOES PROFITCENTS FIT IN?

    Preliminary Analytical Review

    Risk Assessment Procedures

    Final Analytical Review

    Exit Conference

    Documentation

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    BENEFITS OF ANALYTICAL PROCEDURES

    CONSISTENCY

    Processes & Methodology, Documentation

    RELIABILITY

    EFFICIENCY

    Standardization, Automation of Initial Calculations

    DEPTH

    Enhanced Analytics, Scope of Resources

    COMPLIANCE

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    COURSE CODE

    (FINAL 2 DIGITS)

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    To Receive CPE Credit, Go To:

    www.profitcents.com/cpe

    To Fill Out a Course Evaluation

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    Download Your Certificate of Completion.

    You Must be Registered for the Course & Have the Course Code to Proceed.

  • CONTACT INFORMATION

    ProfitCents Consulting

    Phone: 866.603.7029

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