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45 – How an accountant can transform your pharmacy financials into daily business insights

by Robert Leave a Comment

Reading Time: 2 minutes

THIS EPISODE FEATURES:

  • Interview with Peter Saccasan (Director of Pharmacy Services, RSM Bird Cameron)
  • 5 Prescriptions for a Stress Free Holiday
  • Pharmacy Freedom Index (PFI) Insights: Summer Business Planning Series – 3. Setting and Reviewing Key Performance Indicators (KPI’s)

There is no industry protected from the impacts of technology @SaccasanP #transpharmation robertsztar.com/episode45 via @robertsztar

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Your #pharmacy profit and loss statement provides your true financial picture #transpharmation robertsztar.com/episode45 via @robertsztar

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An accountants role is now to educate #pharmacy clients to understand their financial data, and make better decisions robertsztar.com/episode45

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What are your 3 Key #Pharmacy KPI’s? @SaccasanP #transpharmation robertsztar.com/episode45 via @robertsztar

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Cloud accounting can free up time in your #pharmacy, so long as you let go of outdated manual processes robertsztar.com/episode45

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RESOURCES & LINKS:

  • Saasu – Cloud Accounting Software
  • Episode 35 – Marc Lehmann (Saasu)

Click Here to get your FREE Cheat Sheet

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  •  Pharmacy Freedom Index, click here to take the test

 

PHARMACY FREEDOM INDEX (PFI) INSIGHT

SUMMER BUSINESS PLANNING SERIES – WEEK 3

2. Setting and Reviewing Key Performance Indicators (KPI’s)

  • Tools: Your accounting software (or new cloud accounting software), or Microsoft Excel/Google Sheets

Peter Saccasan’s 3 Key Pharmacy KPI’s for 2015:

1. Customer Numbers
2. GP$/Customer
3. Interest Cover (Profit before Interest/Interest) 2 x cover (4 times to be comfortable)
Next week:  Innovation Planning & Change Management

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My 3 Key Learnings

  1. 1. Understand the processes required to successful make the transition to cloud accounting platforms.
    2. Know and measure your Key Performance Indicators (KPI’s)
    3. Maximise the benefits of utilising cloud based accounting systems, don’t do the bare minimum.

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OVER TO YOU!

Let us know YOUR key takeaways from this episode by leaving a comment below. I personally read and respond to every comment!

Filed Under: Pharmacy Freedom Index, Podcast, Transpharmation Tagged With: Accountant, Dashboards, Key Performance Indicators, Pharmacy Accounting, Pharmacy Freedom Index, Virtual Financial Advisor

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