Strategic Services
Our offerings encompass a spectrum of strategic endeavors designed to reshape your organization. By conducting a thorough evaluation of your strategy, processes, systems, and technology, we pinpoint transformation opportunities and craft personalized strategies to bring about positive change.
Our Key Strategy Advisory Services
Project Report
Ensuring regulatory compliance through thorough financial scrutiny.
Market Feasibility Studies
Preparing for audits to meet regulatory requirements.
Process Improvement, Business Process Re-Engineering
Addressing and resolving audit findings for compliance improvement.
Drafting / amendments of Organization Structure & Key Responsibility Areas & Testing
Addressing and resolving audit findings for compliance improvement.
Business Continuity Planning
Addressing and resolving audit findings for compliance improvement.
Cost Allocation
Addressing and resolving audit findings for compliance improvement.
ERP Implementation
Project Report
A financial project report is a comprehensive document that outlines the financial aspects of a specific project. It provides an overview of the financial feasibility, projections and potential returns associated with the project. Financial project reports are commonly prepared for various purposes, such as seeking investment, securing financing, or evaluating the viability of a project.
Here are the key components typically included in a financial project report:
Executive Summary
Project Description
Financial Projections
Investment Requirements
Risk Assessment
Return on Investment (ROI) Analysis
Sensitivity Analysis
Financing Plan
Governance and Compliance
Conclusion and Recommendations
It’s important to note that the structure and content of a financial project report may vary depending on the specific project, industry, and intended audience.Â
Market Feasibility Studies
Market feasibility studies are comprehensive assessments conducted to evaluate the viability and potential success of a new product, service, or business venture in a specific market or industry. These studies examine various factors, such as market size, demand, competition, customer preferences, and regulatory environment, to determine whether there is a feasible market opportunity.
Key components in market feasibility studies are as follows :
Market Analysis
Competitive Analysis
Target Market
Identification
Market Demand Assessment
Pricing and Revenue Analysis
Risk Assessment
Financial Analysis
Conclusion and Recommendations
Market feasibility studies provide valuable insights and inform business decisions by assessing the potential demand, competition, and risks associated with entering a specific market. They help validate business ideas, refine strategies, and enhance the chances of success in the target market.
Process Improvement, Business Process Re-Engineering
Business process re-engineering (BPR) is a management approach that focuses on redesigning and improving business processes to achieve significant improvements in performance, efficiency, and effectiveness. It involves rethinking and challenging existing processes, identifying opportunities for radical improvements, and implementing changes to optimize workflows and outcomes.
Key components and steps involved in business process re-engineering:
Process Identification
Current Process Analysis
Vision and Objectives
Process Redesign
Technology Enablement
Organizational Alignment
Provide training and support to employees
Change Management
Measurement and Monitoring Continuous Improvement
Evaluation and Review
Business process re-engineering requires strong leadership, cross-functional collaboration, and a focus on delivering value to customers and stakeholders. It aims to create leaner, more efficient, and customer-centric organizations by challenging traditional approaches and embracing innovation.
Drafting / Amendments of Organization Structure & Key Responsibility Areas & Testing
KRA stands for Key responsability areas and commonly used in performance management and goal-setting processes to define the primary areas or objectives that an individual, team, or organization should focus on to achieve desired outcomes. KRAs help align efforts and measure performance by providing clarity on the key areas of responsibility and the expected results.
Key Characteristics of KRAs:
Strategic Alignment
Measurable and Quantifiable
Time-Bound
Prioritized
Individual and Team Alignment
KRAs are typically defined through a collaborative process involving managers, employees, and other stakeholders. They should be periodically reviewed and adjusted to reflect changing business priorities and individual growth needs. Effective implementation of KRAs requires regular communication, monitoring, and feedback to ensure that efforts remain aligned with desired outcomes.
Business Continuity Planning
Business continuity planning (BCP) is a proactive process that helps organizations identify and prepare for potential risks, disruptions, or emergencies to ensure the continuation of critical business operations and minimize the impact of unforeseen events. BCP involves developing strategies, policies, and procedures to enable a timely response, recovery, and resumption of operations following a disruptive event.
Key components and steps involved in business continuity planning:Some common areas covered by entity level policies include:
Risk Assessment
Business Impact Analysis (BIA)
Strategy & Plan Development
Training and Awareness
Communication and Coordination
Testing and Maintenance
Documentation and Reporting
Business continuity planning is an ongoing process that requires regular review, updating, and refinement. It should be integrated into the organization’s overall risk management framework and align with other plans, such as crisis management, IT disaster recovery, and incident response.
Cost Allocation
Cost allocation is the process of assigning or allocating costs to specific cost objects or activities within an organization. It involves distributing shared or common costs among different products, services, departments, projects, or other cost centers to accurately determine the costs associated with each entity. Cost allocation is essential for proper financial reporting, decision-making, and performance evaluation.
Key considerations and methods used in cost allocation are as follows:
Cost Object
Direct Costs vs. Indirect Costs
Cost Drivers
Cost Allocation Methods
Cost allocation is a complex process that requires careful analysis, data collection, and judgment. It is important to choose appropriate cost drivers, use reliable and relevant data, and regularly assess the accuracy and relevance of the allocated costs.
ERP Implementation
Implementing new accounting software is a significant undertaking for any organization. It involves transitioning from an existing system (or manual processes) to a new, more efficient accounting software solution. Successful implementation requires careful planning, thorough testing, and effective change management. Here are the key steps to consider when implementing new accounting software:
Needs Assessment
Software Selection
Project Team Formation
Data Migration
Customization and Configuration
Training
Testing
Data Validation
Go-Live Plan
Monitoring and Support
Change Management
Integration
Documentation
Feedback and Improvement
Ensure that the new software can generate required financial reports and support compliance with tax, accounting, and regulatory requirements.
Implementing new accounting software can be complex, but with careful planning and execution, it can lead to increased efficiency, improved accuracy, and better financial management for your organization. It’s important to approach the process methodically and involve key stakeholders at every stage.
