DEVTOME.COM HOSTING COSTS HAVE BEGUN TO EXCEED 115$ MONTHLY. THE ADMINISTRATION IS NO LONGER ABLE TO HANDLE THE COST WITHOUT ASSISTANCE DUE TO THE RISING COST. THIS HAS BEEN OCCURRING FOR ALMOST A YEAR, BUT WE HAVE BEEN HANDLING IT FROM OUR OWN POCKETS. HOWEVER, WITH LITERALLY NO DONATIONS FOR THE PAST 2+ YEARS IT HAS DEPLETED THE BUDGET IN SHORT ORDER WITH THE INCREASE IN ACTIVITY ON THE SITE IN THE PAST 6 MONTHS. OUR CPU USAGE HAS BECOME TOO HIGH TO REMAIN ON A REASONABLE COSTING PLAN THAT WE COULD MAINTAIN. IF YOU WOULD LIKE TO SUPPORT THE DEVTOME PROJECT AND KEEP THE SITE UP/ALIVE PLEASE DONATE (EVEN IF ITS A SATOSHI) TO OUR DEVCOIN 1M4PCuMXvpWX6LHPkBEf3LJ2z1boZv4EQa OR OUR BTC WALLET 16eqEcqfw4zHUh2znvMcmRzGVwCn7CJLxR TO ALLOW US TO AFFORD THE HOSTING.

THE DEVCOIN AND DEVTOME PROJECTS ARE BOTH VERY IMPORTANT TO THE COMMUNITY. PLEASE CONTRIBUTE TO ITS FURTHER SUCCESS FOR ANOTHER 5 OR MORE YEARS!

Managing Our Costs To Protect Our Gains – Part 1

Sometimes they're the “grim reapers,” projecting a gloomy business picture, even reduced profits.

Sometimes they're “roaring bulls,” predicting growth and announcing ambitious targets even when realities in the economy and market seem to go against optimistic forecasts.

Whatever they do or say, however, is backed up by numbers. And so we must listen. They are our Finance Team. They count every peso that we spend and every peso that we earn, and measure our capacity to deliver our commitments and meet our goals through numbers culled from recorded data, disciplined research and objective analysis.

Explains Domeng Capistrano, Group Manager for Financial Planning and Analysis: “Everything that all functional areas do boils down to a number which ultimately measures our company's financial achievements and condition.”

Why is that important?

We need to know how our business performs financially to enable us to grow and prosper. Profit indicates we're doing things right. Loss suggests we review our strategies and redirect our efforts. In both, numbers are the best guides - the Lest indicators of the health of our business.

Numbers therefore are quintessential business information. Charged with the task of managing our company's financial health and providing accurate information critical to every corporate decision making process is Finance. And one of its functions is ACCOUNTING.

On top of their jobs. Plantation Accounting Services personnel under Manager Remy Miso, and Financial Reporting and Bugo Accounting Services staff under Managers Carol Opada and Pete Lerin.

The Accounting team's primary responsibility includes internal and external reporting of financial information, ensuring the integrity and validity of our accounting systems and financial statements and reports; and establishing policies and procedures to accomplish these goals. Accurate, consistent, responsive and above all, timely, all information is disseminated following the format and substance required by stockholders, regulatory agencies, public accountants, internal management, and other internal customers.

Among the critical information it controls, measures, evaluates and reports is the financial performance of every operating unit and product line of our company, with emphasis on both profit and positive cash flow generation. By doing that, it helps shape our financial history - a most critical task in finance management - and helps guarantee a healthy fiscal performance.

Says Joel Lagasca, Sr. Manager for Corporate Accounting: “Finance covers a wide area of responsibilities which internally and externally translate into many diverse roles and are inextricably woven into the affairs of Management. While the responsibility for managing the company's total resources lies with various operating management teams, we are responsible for measuring them, evaluating how effectively they are being employed, and rendering an independent accounting of the process. We continue to seek ways and means to support and improve further our organization's already strong and stable financial performance.”

In partnership with Marketing, Production and other operating units, another Finance team quantifies our business objectives as defined by our various operations and sets them against one common denominator - the financial bottom line. In charge of this strategic process is FINANCIAL PLANNING AND ANALYSIS.

The team provides financial and economic analysis of company efforts and programs with future impact: various interdepartmental plans, product costing and pricing, capital investment plans, cost-saving and profit-improvement schemes, and feasibility studies. It also assists various departments in preparing their budgets.

To carry out their functions, our financial planners and analysts establish the criteria that guide management in judging whether or not it's financially “acceptable” to develop a new product, enter a new market, implement a project, or take any other action that affects our bottom line. In addition, they provide guidelines on how cash flow and investment returns should be managed. By reducing the risks we take through solid financial advice and analysis, the team helps ensure the success of our business.

Maximizing operational efficiency is just as important as reducing business risks. It is a function of TREASURY whose banking team sources out the funds we need for our daily operations, at the lowest cost to the company. The team has set up a cash management program now followed by all operating units, whose objective is the optimum utilization of funds, based on a review of our weekly and monthly cash requirements. Matching disbursements with receipts - the collection of company receivables - also forms part of the functions of this team, as does the review and processing of import/export documents to ensure compliance with government requirements.

Treasury has other functions vital to internal and external customer satisfaction. Management Information Systems Development maintains and upgrades existing computerized systems to meet changing user needs and achieve greater efficiency. Management Information System Support Services provides technical support to make sure we get only the best data processing hands and the proper equipment, software and supplies, and see to it that all these resources are utilized to the company's best advantage. Tax, Legal and Insurance handles tax administration (tax planning, refund claims, audit, drawbacks and advice), legal assistance (legal representation at government agencies, lawyer-to-lawyer transactions, and contract preparation and review) and insurance (securing coverage for all corporate assets and initiating claims). Makati Administrative Services, finally, manages Makati personnel services, travel requirements and communication, and security services.

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