The increasingly competitive environment brings the need to redefine strategies, align organizational structure, resources and business processes, and redesign management information system that supports these changes in the structure.
We deliver practical solutions to the challenges that our clients face. This requires change in management audit process in majority of our assignments. We help our clients to determine and solve costing problems to exploit most of the opportunities and avoid unnecessary risks in order to gain sustainable efficiency.
We first grasp our client’s business and objectives and the concerns they identify for solutions. We, being experienced, independent professionals well equipped to help our clients find the services they need to meet their objectives. We provide the services in the context of emerging national and international issues (threats and opportunities) that will help our clients to comply with the requirements of different countries and enabling them to retain and increase their share of international trade.
Our services in this area include:
System Design and Implementation
The accounting system is essentially a database of information about business transactions. The primary use of a database is a source of information, so the accounting system needs to be designed in a manner that is cost-effective in providing the needed information.
Budgeting and Development Planning
Budgeting & Development Planning consists of planning future budgets, the implications for financing, and the methods of obtaining the necessary resources and allocating them in accordance with overall company’s goals. It includes the nature of development planning and its institutional, operational and procedural relations with budgeting, as well as the role of budgeting in the broader framework.
Feasibility Studies
Feasibility studies are important to business development. They can allow a business to address where and how it will operate. They can also identify potential obstacles that may impede its operations and work out the amount of funding it will need to set up the business and get it running. Feasibility studies aim for marketing strategies that could help convince investors or banks that investing in a particular project or business would be feasible and a wise choice.
Feasibility studies also can provide a company’s management with crucial information that could prevent the company from entering blindly into risky businesses.
Automation of Costing Systems
A costing system is designed to monitor the costs incurred by a business. The system is comprised of a set of forms, processes, controls, and reports that are designed to aggregate and report to management revenues, costs, and profitability.
The reports of a costing system are intended for internal use, and mostly are not subject to the reporting requirements. Instead, management can decide what types of information it prefers to see, which information to ignore, and how the results are to be formatted and reported for its consumption.
Risk Analysis
Risk analysis is used for evaluating an investment proposal. The process is especially applicable for capital budgeting, where an organization may be committing a large amount of cash to a project. In this situation, it is very cost-effective to work through a detailed risk analysis, thereby giving management a better understanding of the risk of loss associated with a possible investment. When there is clearly a high level of risk, a capital investment must have a correspondingly high rate of return, so that the business is adequately compensated for the level of risk it is going to undertake.