Biznomics

13/12/2025

Celebrating 11 years of growth, teamwork, and shared success.
Our Annual Day was a wonderful reminder of what we can achieve together. Grateful to our team for their dedication and to everyone who has been part of this journey. Here’s to many more milestones ahead!

16/04/2025

To Effectively Control WIP in casting, ensure that you have defined a detailed BOM which includes output as scrap and normal loss. Continously monitor the variance. Carry out 5 Why Analysis and RCA to find and prevent abnormal losses. Use KAIZEN approach for continuous improvement.

We at BIZNOMICS work on improvement in effective controls and cost optimization.

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06/04/2025

Struggling with over-purchasing or inaccurate payments in procurement?

Effective procurement control isn’t just about buying—it’s about buying right.

Here’s a quick framework to keep your procurement process tight and efficient:

✅ Start with solid planning
Build a monthly procurement plan that factors in actual needs, current inventory, and open POs. Eliminate guesswork.
✅ Stick to the plan
Ensure all POs are aligned with the approved plan. Deviations? Only with proper authorization.
✅ Enforce 3-way matching
Match every invoice against the Purchase Order (PO) and Goods Receipt Note (GRN). Quantity and pricing must align.
✅ Pay only for what’s right
Process invoices only when there’s a full match. If there are discrepancies, Issue a debit note with the invoice to keep your books clean.

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30/07/2024

Boost your production workflow and efficiency today! 🚀
Optimize Your Production with Detailed Reports!

19/06/2024

Running a business is no small feat! Whether you're a startup or an established company, having expert guidance can make all the difference. That's where advisory services come in.

Strategic Planning: Advisors help you create and implement long-term strategies tailored to your business goals.

Financial Management: Gain insights into managing your finances more effectively, optimizing cash flow, and making informed investment decisions.

Growth Opportunities: With their market knowledge, advisors identify new growth opportunities and help you navigate potential risks.

Operational Efficiency: Streamline your operations with expert advice on improving processes and leveraging technology.

Market Expansion: Thinking of expanding? Advisors provide the know-how to enter new markets successfully.

Networking: Leverage their connections for partnerships, funding, and more.

Investing in advisory services means investing in your business’s future. Get the expertise you need to thrive!

12/06/2024

Wondering how to give your start-up a competitive edge? Advisory services might just be the secret sauce you need! Our expert consultants offer invaluable guidance tailored to your business needs, helping you navigate challenges and seize opportunities. From strategic planning to financial management, we bring a wealth of knowledge and experience to the table. By tapping into your insights, you can streamline operations, attract investors, and scale your venture with confidence. Don't let uncertainty hold you back – invest in advisory services today and watch your start-up soar!

05/06/2024

Understanding business valuation is crucial for entrepreneurs. It determines the worth of your venture, influencing investment decisions, partnerships, and growth strategies. Accurate valuation ensures fair pricing during acquisitions or sales, aiding in negotiations and maximizing returns.

It also helps in attracting investors by showcasing potential returns and mitigating risks. Moreover, valuation is essential for securing loans or raising capital, as lenders and investors assess the business's financial health and potential for profitability.

Ultimately, mastering business valuation empowers entrepreneurs to make informed decisions, drive sustainable growth, and build a resilient business in a competitive market.

03/06/2024

Managing finances is crucial for any business, but not every company can afford a full-time Chief Financial Officer (CFO). That's where a Virtual CFO comes in! Here’s why you need one:

Expert Financial Guidance: Get access to top-tier financial advice without the hefty salary of a full-time CFO.

Cost Efficiency: Pay only for the services you need, making it a budget-friendly option.

Scalability: As your business grows, a Virtual CFO can adapt and provide the support you need.

Strategic Planning: Benefit from strategic insights to help drive growth and profitability.

Compliance and Risk Management: Ensure your business stays compliant with regulations and mitigates financial risks.

A Virtual CFO offers the expertise and strategic insight needed to navigate your business toward success, all while being flexible and cost-effective. Invest in smarter financial management today!

06/01/2024

Streamlining taxes, empowering businesses: Stay informed with the latest GST updates. Follow us for more such insights!

03/01/2024

Siddharth Ashok, consulting CEO at Biznomics discusses the practical applications of process and data analysis as well as embedding controls within business processes to bring about an optimized process.

15/12/2023

🔄 Embrace change! Siddharth delves into organizational preparedness, emphasizing the importance of teamwork in driving impactful transformations. Explore the realm of process automation, witness how it propels efficiency in audit processes internally and for clients. 🔄🤖

My journey - from cricket to business analysis and audit

09/12/2023

Did you know that you can avoid higher TDS deduction by completing this simple step?
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