About this template

Manufacturing Finance Management CRM Template tracks budgets, approvals, and profitability by project or client. Audit-ready dashboards and variance alerts keep finances on course.

What’s included

Boards

Accounts Board - This board helps finance managers in the manufacturing industry manage their company's accounts efficiently. It includes essential details such as client names, domains, contacts, deals, industry type, and company profiles. You can track the number of employees and headquarters location, providing a comprehensive view of each account, which is crucial for financial planning and analysis.
Leads Board - This board is designed to streamline lead management by tracking the status of each lead, creating new contacts, and storing important information such as company name, title, email, phone number, and last interaction date. This allows finance managers to monitor potential business opportunities and ensure follow-ups are timely, enhancing the lead conversion rate.
Contacts Board - Manage all contacts efficiently with this board, which includes fields for contact names, emails, associated accounts and deals, phone numbers, titles, priority levels, and comments. By centralizing contact information, finance managers can easily access and update details, improving communication and relationship management with clients and vendors.
Deals Board - This board helps finance managers track the progress and financial details of each deal, including stage, owner, deal value, associated contacts, expected close date, close probability, and forecast value. By monitoring deals closely, finance managers can forecast revenue more accurately and make informed financial decisions to drive business growth.
Products & Services Board - Keep track of all products and services offered by the company with this board. It includes details like name, description, price, SKU, and type. This helps finance managers in pricing strategy, inventory management, and ensuring that all financial records are up-to-date and accurate.
Vendors Board - This board is essential for managing vendor relationships, tracking vendor names, contact persons, phone numbers, emails, locations, products supplied, and contract status. Finance managers can use this information to negotiate better terms, manage supply chain risks, and ensure timely payments to vendors.
Inventory Board - Efficiently manage inventory with this board that tracks item names, IDs, quantities, locations, suppliers, last updated dates, and status. For finance managers, this board is critical in maintaining optimal inventory levels, reducing carrying costs, and ensuring accurate financial reporting.

Dashboards & Reports

Annual Target - This dashboard helps Finance Managers in manufacturing track their progress towards yearly financial goals, ensuring that they remain on course to meet revenue targets and make necessary adjustments if they fall behind.
Monthly Target - Provides insight into monthly financial performance, enabling Finance Managers to identify trends and address shortfalls promptly to ensure overall annual targets are met.
Average Deal Value - Helps Finance Managers analyze the typical deal size, which is crucial for forecasting revenue and understanding the financial health of the company.
Active deals - Forecasted Revenue - This dashboard projects future revenue based on active deals, allowing Finance Managers to plan for cash flow and allocate resources efficiently.
Deal status distribution - Offers a visual representation of where deals stand in the pipeline, which is essential for assessing the likelihood of future revenue and managing financial expectations.
Actual Revenue by Month (Deals won) - Tracks monthly revenue from closed deals, providing a clear picture of financial performance and helping to identify peak periods and potential slowdowns.
Pipeline conversion - Shows the conversion rates at different stages of the sales pipeline, helping Finance Managers understand the efficiency of the sales process and identify areas for improvement.
Activity tracker - Monitors the frequency and type of sales activities, which can help Finance Managers correlate sales efforts with financial outcomes and optimize resource allocation.
Forecasted Revenue by month - Projects monthly revenue based on current deals, aiding in financial planning and budgeting.
Forecasted Revenue by Stage - Breaks down projected revenue by the stage of the sales process, providing more detailed insights for financial forecasting and risk assessment.
Deals Stages by Rep - Analyzes the performance of individual sales reps, which can help Finance Managers identify high performers and allocate resources effectively.
Deal Progress based on Month Added - Tracks the progression of deals based on when they were added to the pipeline, helping Finance Managers understand sales cycle times and predict future revenue flows.

Automations

When new email arrives → Notify item subscribers with a message - Ensures Finance Managers are promptly informed of new communications, reducing the risk of missing important financial information or updates.
When an email is opened → Notify item subscribers with a message - Keeps Finance Managers updated on client engagement levels, which can influence financial forecasting and decision-making.
When 'Create a contact' is clicked → Move the item to the Contacts board - Streamlines the organization of contacts, ensuring Finance Managers have accurate and up-to-date information for financial analysis and reporting.
When a lead is created → Set its status to 'New Lead' - Automates lead management, ensuring that new financial opportunities are promptly identified and tracked.
When an activity/email is created in Emails & Activities → Update the 'Last interaction' date - Helps Finance Managers keep track of the latest interactions, providing better visibility into client engagement and potential revenue impacts.

Frequently asked questions

How can this CRM help in tracking manufacturing costs and expenses?

This CRM template provides detailed boards and columns to track direct and indirect manufacturing costs, including raw material expenses, labor costs, and overheads. It helps you monitor and analyze expenditure trends to optimize budget allocations.

How does this template assist in budget management for manufacturing projects?

The template includes specific boards for project budgets with columns to track allocated funds, actual spending, and variances. You can set budget limits, forecast financial needs, and ensure projects stay within budget.

Can this CRM help in financial reporting and compliance in the manufacturing industry?

Yes, the CRM template includes features for generating detailed financial reports that comply with industry standards and regulations. You can automate reporting processes to ensure accurate and timely submission of financial statements.

How can I use this CRM to analyze cost efficiencies in manufacturing operations?

The CRM template provides tools for tracking and analyzing cost efficiencies by comparing actual expenses against planned budgets. You can identify areas of overspending and implement cost-saving measures to improve profitability.

Can this CRM template assist in managing supplier payments and invoicing?

Absolutely, the template includes boards to track supplier invoices, payment schedules, and payment statuses. You can automate payment reminders and ensure timely payments to suppliers, improving cash flow management.

How does this template help in forecasting financial performance in manufacturing?

The CRM template includes forecasting tools to project future financial performance based on historical data and current trends. You can create financial models to predict revenue, expenses, and profitability, aiding in strategic planning.

Is it possible to integrate this CRM with existing accounting software used in manufacturing?

Yes, the CRM template is designed to integrate seamlessly with popular accounting software used in the manufacturing industry. This ensures that financial data is synchronized across platforms, reducing manual data entry and improving accuracy.

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