Creating more understanding of financial figures

Gramin Vikas Evam Chetna Sansthan(GVCS) is driven to grow and despite the fact that they work from Barmer, a remote and challenging district in the Thar Desert in Rajasthan, customers find their way to the beautiful handmade products. To improve its financial results, a Women on Wings team recently worked with a team of GVCS on how to enhance financial planning and management.

Importance of figures
Anita Joosten, financial expert at Women on Wings, and Supriya Kapoor, Senior Business Consultant at Women on Wings, worked for two days with the team of GVCS on aspects such cost pricing, cash flow and financial forecasting and how this is linked to Sales forecasting and Purchase planning. Ms Aradhana, GVCS: “Thanks to the intense session with Anita and Supriya I now understand the importance of numbers and figures and how we can use that to improve our results. Anita took away my fear of figures.”

Potential and opportunities
GVCS works with female artisans that are specialized in Embroidery, Applique and Patchwork. GVCS is a large organization, currently reaching out to about 4,000 artisans. Women on Wings and GVCS will also be working on improving sales with the aim to reach out to many more artisans in the near future.