CASE STUDY

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CASE STUDY : GROUP CFO SERVICES FOR MNC HAVING OPERATIONS IN 3 COUNTRIES

ASSIGNED OBJECTIVES ACHIEVED

Complete control on financial operations across the group.

Preparation of monthly consolidated financial reports.

Timely submission of covenant reports to bankers and investors.

BENEFITS TO THE CLIENT

Implementation of budgeting solutions enable better fund planning and management.

Single point of contact for local and group audits leading to time saving.

Reduced cost due to local and international GAAP expertise.

CASE STUDY : EQUIPMENT RENTAL BUSINESS – ERM IMPLEMENTATION – ORDER WISE CONTRIBUTION ANALYSIS WITHIN 6 MONTHS

ASSIGNED OBJECTIVES ACHIEVED

Inventory monitoring controls implemented.

Documented Standard Operating Procedures (SOPs) for all major processes.

Implementation of order wise contribution analysis reporting.

BENEFITS TO THE CLIENT

Better planning leading to improvement in utilisation % of equipment.

Monthly and quarterly management reporting leading to awareness on overall progress of organisation.

Greater transparency within the organisation and among key stakeholders.

CORPORATE CLIENT – SIGNIFICANT REDUCTION IN INTEREST AND PENALTY EXPENSE RELATING TO NON-COMPLIANCES

ASSIGNED OBJECTIVES ACHIEVED

Development of compliance management framework with responsibility shared among employees.

No significant delays reported in statutory compliances of CARO report by statutory auditor.

Submission of quarterly compliance report by management to board of directors.

BENEFITS TO THE CLIENT

Significant reduction in interest and penalty cost.

Savings in legal expenses.

Fund utilisation for productive purposes.