How to Reduce Operating Costs as a Drinks Business

All businesses have been affected in one way or another by the current cost of living crisis, including the UK drinks industry. It is a tough time to navigate, but with a little extra financial planning, you can put your best foot forward.

Find out how to reduce operating costs for your company here in our expert blog.

Automate repetitive tasks

Time-consuming tasks such as financial admin, invoicing, sales and purchase orders, and duty management can cost your business a lot of money, as every second counts in the fast-paced drinks industry.

So, you’ll be pleased to know this is easy to combat! With automation, you can reduce the amount of time spent on these repetitive tasks and put more of your efforts into other areas of the business that are going to bring in more revenue.

The best way to do this is to find a central system for many of your business processes rather than implementing separate pieces of software for each area of the business.

A strong ERP system like Bevica can help automate financial planning, duty management, and even customer service – meaning less time and money is spent by your team manually working on these areas.

Consider remote work where possible

Since the pandemic, remote or hybrid working is becoming the norm for many companies in many industries, and whilst not all roles are adaptable to the work-from-home life, roles in admin, HR and customer service often are and removing these from working on-site can reduce operating costs.

In order to make the switch to remote working viable, you will need to ensure your team has cloud access to everything they need to get the job done. This can be achieved with Microsoft, for example, as Office 365 is accessible remotely and enhances collaboration between your team.

Bevica is powered by Microsoft, sitting inside the Microsoft ecosystem using Business Central 365. This makes it the ideal platform in the fast-paced UK drinks industry for all areas of the business, including purchasing, wholesale, and finance, to work from anywhere!

Make use of financial management software

Financial management software can help you reduce operating costs by ensuring HMRC compliance and reducing human error regarding finances.

This gives you more time to focus on profitable areas of your business and reduce your operating costs in terms of time that would otherwise be spent on rectifying errors.

Choose a finance software that is easy to set up so you do not spend valuable resources setting it up and so that everyone on your team can enjoy the benefits of the software quickly.

Financial management software can also help you to keep track of your spending and budget appropriately, which enables you to analyse where you are spending too much and reduce your spending in these areas, saving you money overall.

Now you know how to reduce operating costs for your drinks business, you can get ahead and put yourself in the best possible position to navigate increasing costs.

For more information on Bevica software, please contact us; we will gladly help.