11What are some expense related suggestions you can recommend in order to increase your company performance Make at least 3 suggestions 12What could happen if financial issues are not resolved on time

Conducting a thorough analysis of expenses to identify areas where costs can be reduced without compromising quality or productivity
Implementing cost-saving measures such as energy-efficient equipment, telecommuting options, and negotiating better rates with suppliers
Encouraging employees to be more mindful of expenses by providing training on effective budget management and offering incentives for cost-saving ideas.

If financial issues are not resolved on time, it can lead to a range of negative consequences including:

Financial reports are prepared to provide a comprehensive overview of a company's financial health and performance. Their purpose is to inform stakeholders such as investors, shareholders, government agencies, and internal management of the company's financial position, profitability, and cash flow. They also help identify areas for improvement, assess risks, and make informed decisions.
It is the responsibility of the company's management team and finance department to manage financial records. This includes maintaining accurate and up-to-date records of financial transactions, preparing financial statements and reports, and ensuring compliance with accounting standards and regulations. However, all employees have a responsibility to adhere to financial policies and procedures and report any irregularities or discrepancies.