Russian scientists from Perm Polytechnic has created a program to analyze the financial efficiency of businesses. The new tool, called “Koo”, automates complex calculations that have previously required a lot of time and handmade. It combines the basic business indicators as a single coefficient by showing how rational the company’s resources are used. The program helps economists quickly find optimum strategies, taking into account both internal data and external factors, such as raw materials and energy sources.
Development is based on a simple formula: the ratio of useful results to costs. The user manually enters the data on income, costs, stocks and debts manually, and then calculates the program coefficient. The higher the indicator, the better manages the company resources. Three development scenarios were analyzed by using KAFFI for one of the businesses of the Perm region. The second option with the 1.52 coefficient was revealed to be the most profitable and recommended for the application.
Innovation has shown its usefulness not only in the current analysis but also in the planning of future projects. The program allows you to improve management decisions by quickly adapting to market changes. In the future, Cuffy can be integrated into production management systems that will make the job even easier. Experts are sure that such a vehicle will help Russian enterprises increase profitability and strengthen their position in the economy.
Source: Ferra
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