Practus’ performance improvement services enabled the school to strategize and plan on more effective use of fixed assets.

Client NameROIIndustryOwnershipManagementNo. of EmployeesSizeProject Duration
The School5.8xEducationPromoter ownedPromoters~150 ~$6.7 million8 months

About The School

Champ-Schools is a large player in Pre-K and K12 education with around 1000 students. The organization delivers an enriching, robust, hands-on, and all-around learning experience under the brand VI. The school also organizes various extracurricular activities throughout the year.​

Practus’ Role

  • Understand the challenges being faced in cost center accounting and develop a comprehensive solution for the same.​
  • Develop a base, formula-driven Excel sheet to generate forecasts for succeeding months based on the input of current monthly numbers.​
  • Coordinate with various stakeholders to identify the gaps and develop the authority and responsibility matrix to fill in the gaps.​
  • Time-crashing of existing processes to deliver the MIS at a pre-agreed date.​
  • Set up of F&A management policies.​

Impact Delivered

  • Practus’ planning and execution led to a reduction in the MIS cycle by 9 days.
  • Proper Cost center management helped Business CEO’s have visibility on SBU wise profitability.
  • Monthly Forecasts were automated, thereby avoiding manual bias, human errors and saving 15-man hours every month.
  • Increased Accountability as the authority matrix clearly defined the roles and responsibilities of everyone.
  • Helped the Company to strategize and plan on more effective use of Fixed assets and SBU-wise Capital investment in Fixed Assets.