A company’s effectiveness can be easily measured by focusing on key performance indicators (KPIs). Results-based KPIs might be increased revenue, growth of client base, or improved customer service. These KPIs are also a good way to measure management effectiveness, after all, it is management strategic decisions that ultimately affect the KPIs.
When it comes to promoting efficiency, management’s strategic decisions are often focused on reducing resources, while utilising time-saving strategies. Some examples might be efforts to save electricity, improve employee communications, or reduce time spent in staff meetings. Other efforts to promote efficiency might include shared executive assistants, reduced inventory or shorter staff shifts.
VATBox automatically detects and recovers VAT – both foreign and domestic – wherever the tax is charged. The behind-the-scenes process is both efficient and painless for businesses and employees. VATBox captures the data and evidence from multiple sources, matches and validates the data, pinpoints any leaks or missing evidence, determines whether it qualifies for VAT recovery, and if it does, then submits the claim.