Operational support includes but not limited to: managing and leading accounting software conversion; managing financial audit processes and preparation of audit reporting package; develop cost reduction and working capital improvement program; review overhead costs, contracts and active supply chain management; review accounting processes and recommend standard operating procedures; review internal controls and recommend standard control procedures; as well as providing an on-going advisory service.
Internal control is the process of assuring achievement of an organization’s objectives in operational effectiveness and efficiency. This process relies on reliable financial reporting, full compliance with laws, regulations and policies.
Internal controls can be assessed in:
Internal control is very important as it hinders the company’s success if there’s none set up. However, with good and effective internal control, it is ground for the company’s success, and makes the practical goals more easily attainable. It also reduces audit fees or any due diligence because the systems in place work well to produce accurate and timely information. The checks and balances that are present in a good internal control saves the company time, money and other resources, thus positioning the company for growth.
What can we do to help:
When a company starts a business, the software used is basic and caters to the company’s needs at that point in time. Fortunately, when the company grows, some software is no longer effective enough to handle the growing and complex transactions. Therefore, it is then time to decide on a software conversion.
We can be your consultant in guiding you as you try to explore the many facets of accounting software. Our services includes:
The operational phase (posting of transactions to new software) will be handled mostly by internal accountants. We are here to guide, help and give appropriate direction as needed base on planned activities.
Before we start the operational phase, we will provide a thorough plan with effective dates. We will present this plan to everyone involved with the project so that everyone is aware of the process. It is important that everyone involved knows the entire plan for an effective conversion process.
Do you have various projects in the company and not sure which project is doing well? Or, you wanted to assess how these projects are performing? Our company can definitely assist you in these matters.
It is indeed very important to assess how your projects are performing, both in cost and revenue perspective. This gives the management a good decision making tool as to continue or shutdown the project line in order to give room for better revenue generating projects, and the reduction of costs.
What can we do to help:
Are you in the middle or thinking about getting financing from banks or investment companies and you don’t have time nor the resources to comply the rigid requirements? We can fill in this project for you.
How this works: