Business Advisory
Planning and improving efficiency are key ingredients to successful business management.
At RSM Ashvir Consulting Ltd we offer the following solutions:
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Activity-Based Costing:
Many organisations face a squeeze on profit margins. Activity-Based Costing (ABC) is a method to accumulate product cost by determining all costs associated with activities required to produce it.
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Business plans:
Assisting clients in formulating annual to long-term business plans using a bottom-up participative method. These plans detail an organisation's vision, mission, goals and objectives and strategies to achieve the objectives, and set out financial and non-financial parameters against which performance can be measured. Research proves organisations that use planning as a management tool outperform those that don't on revenue growth and return-on-sales, assets, and equity.
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Business restructuring:
We are able to advise on restructuring of businesses including diversification, disposal of non-core units or re-engineering the business model.
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Cash management consultancy:
Organisations continually look for ways to accelerate cash flow and reduce borrowing costs. Our cash management consulting offers a structured approach to help you maximise your use of cash through investments of idle funds, accelerating billing and collection cycles, improving deposit procedures, monitoring account balances and cash flow planning.
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Profit enhancement:
Through a comprehensive review of your operations and business processes, we can help you identify income improvement or cost management opportunities. This may include a formal productivity study.
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Review, design and documenting policies and procedures:
Carrying out a comprehensive review of the operating policies and procedures and comparing these against industry best practices. We are also able to draw up policy and procedures manuals using a process mapping methodology, and thereafter facilitate implementation by providing training.
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Management information systems:
An effective MIS supports the re-engineering of the business processes with the aim of improving profitability and business performance. We assist in the development of a system that provides timely information for effective decision making. This includes the use of budgeting and variance analysis, financial and cash flow projections, key performance indicators, procurement and inventory controls, and product and service costings as tools for effective business management.
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Financial accounting systems:
Setting up financial accounting systems including design of charts of accounts and setting up of financial, treasury, working capital and reporting systems.
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