Accounting is considered to be utmost important activity for a business to keep a track of the daily financial and accounting records to get a transparent picture regarding the financial stability of the firm.
EPM Consultants takes away the Grunt work, and lets you focus on more strategic work. By taking advantage of our talent and expertise, they can leverage our services into a true full-time, fully-staffed accounting department. We take the accounting out of the way of your success.
EPM Consultants provides comprehensive accounting and finance outsource services to small and mid-size companies allowing owners and/or senior management more time to focus on the growth of their business. By providing access to high-level accounting services at low cost, clients achieve savings in hard dollars but also in soft costs, such as spending less time on accounting and finance tasks.
Our Basic Accounting Management Services package is designed to complete your daily financial record-keeping tasks as well as your month-end closing tasks, followed by preparation of monthly financial reports and analysis of your business.
Additionally, we offer optional services that are over and above our Basic Accounting Management Services that can be tailored to the specific tasks needed. A few such services are inventory management, higher level reporting, and managing vendor communications.
There has been a constant recession and a great possibility of depression in the economies of the world. Saving on costs has thus become not only important but also a necessity. The increasing wage rate with increasing number of benefits has made employers look at other avenues of work. The time spend on growth is more compared to the time wasted before on mundane and boring tasks. Accounting outsourcing service also provides one with accurate data and gives a weekly statistic reports on the way the business is progressing according to accounting charts.
Define critical bottlenecks in your firm and suggest the most appropriate structure to put you on a pathway to success.
Identifying the root causes of problem. Mapping the “As is” process. Presenting a solution matrix and “Should-be” processes to be followed under Outsourcing model.
Developing reporting structures & formats as per entity requirement.
Guide users and provide hand holding support to enable quick adaptation of processes.
Have a team that can scale as your business grows. We provide ongoing support to make sure you have the right structure and skillset to achieve your business goals.
A peek at the frauds occurring in businesses reveal that they occur primarily due to absence of good controls in the business processes that govern operations. Conversely, a very tightly controlled process runs the risk of inefficiency due to bottlenecks. It is, hence, very critical to define business process that maintains a good balance between controls and efficiency.
As business operations grow, the processes that worked earlier may not work efficiently or may expose the business to risk of fraud. We help you design & implement business processes that are scalable to growth in operations and has a good balance of internal controls and smoothness of operations – helping reduce inefficiencies. A well-oiled business process is critical to ensure that you can focus on business strategy
Our team of qualified professionals have proven experience in study, design & implementing business processes in diverse business environments.
While organisations have broad vision and goals, many of them get distracted primarily because they do not monitor their day-to-day figures close enough. Organisations are generally besieged with problems of information and data retrieval from their systems. This results in the leaders taking action based on incomplete information. Our solutions helps you monitor your goals and results very closely in real time and with accurate and insightful analysis. With a significant improvement in your ability to take informed decisions, your goals are much easier to achieve than before.
With ever growing competition, today’s organisations have to be on their toes to deal with uncertain situations and competitor actions. An organisation which fails to see the trends and readings between the lines falls back in the race leading to significant costs and losses to come back in the reckoning. Analytics helps you to understand your present situation, diagnose problems and prescribe solutions which otherwise would be impossible humanly considering the volume of data that organisations deal with today.
With our insightful analytics services, we help answer all your critical business questions under the following categories
Organizations facing need separate skill set to tackle every phase which it goes through, be it Startup phase, expansion phase, raising of capital for the company. This requires one Finance Manager to have knowledge and most importantly experience of all these things to guide company safely in each of these situations. If not, the companies can now access higher level talent without the ongoing costs of an experienced, full-time CFO. The ongoing cost of a part-time CFO can be as low as 1/4th that of a full-time CFO.
Small and medium-sized companies that are not in a position to hire a full-time CFO benefit most from the expertise of an experienced CFO. More so, they do not have a daily need for this higher level of expertise. With our deep financial expertise, we help you manage your finance function effectively right from putting in place the best financial strategy, funding arrangements to operational aspects like book keeping, compliance, incorporation and set- up services.
Small businesses can gain valuable insight & organizational control by partnering with an experienced finance professional on a part-time basis. EPM Consultants takes the time to understand your business and provide this insight in a cost-effective manner.
The world of compliance has changed significantly over the past decade with plethora of regulations and with the Govt trying to enforce compliances with aid of technologies, it has become an imperative for every business to ensure that they are not caught on the wrong foot. With our expertise on laws and regulations we help you to
One of the main purpose of any business is to maximise the return on its investment balancing risks vs returns, ensure hard earned money is not lost and take well informed investment decisions. As business evolves, the initial philosophy of funding and working capital management may no longer be relevant and thus a constant vigil by finance experts are critical to ensure the company continues to grow profitably
With our well qualified and experienced experts your company’s finances will be in safe hands giving you the freedom to go after the opportunities your business presents
We help you set up your organisation with the right type of legal entity – Company or LLP based on specific study of your organisation structure and growth plans. This would help to keep you adopt an approach with is most suitable for you.
Besides setting up the entity, we recognise that there are multiple other licenses and registrations that the organisation needs in order to be fully operational and in compliance with the regulations. We help you plan the entire process such that you do not waste any time in launching your business from the word go.
Internal auditing is the practice of advising organizations regarding how better to achieve their objectives.
Managers are the ones who establish policies and procedures to help the organization achieve specific objectives in each of these categories. Our internal audit team would perform audits to evaluate whether or not the policies and procedures in place are designed and operating effectively and provide recommendations for improvement.
The actual scope of an internal audit can be quite broad however management can determine the scope of such reviews to concentrate on what they believe to be particularly problematic areas, generally the topics may encompass such issues as efficiency of operations, financial reporting reliability, deterring & investigating fraud, safeguarding the company’s assets and ensuring the organisations policies & procedures are compliant with all government agencies laws & regulations.
EPM Consultants can provide internal auditing function to your entity to report to directors regarding how better to execute their responsibilities in order to have maximum impact for the organisation.
The system that was good for a certain level of operations may not be good enough for another level of operations. The organizations change their ERP or ancillary systems to keep in line with the changing needs. However, transition from existing system to new system entails many a challenges. To name a few: migration of data, changes in processes, smooth transition from one system to another and impact on day to day operations.
Our team of professionals are around to help you navigate through the entire project, make you aware of challenges to expect, how to handle them and ensure smooth transition.
Make a project plan for transition that covers all aspects of transition like data migration, training for users, change management, User Acceptance Tests, cutover from old system to new, transient process for day to day operations.
Many organizations make investments in ERPs without completely mapping their requirements and / or making necessary changes to the processes that complement the new ERP. There may also be inadequate user training. Sum effect of all of these aspects is that the investment in ERP does not yield the results it was expected. Worse, the ERP becomes a strain on the process rather than smoothening the process.
The investment made in ERP is salvaged by optimizing the ERP usage by making necessary corrections in ERP setup and / or providing necessary training to the users. The primary benefit, of course, is the operational processes are smoothened as was expected from the ERP to begin with.
We study & understand the problem areas that you face. After diagnosing the cause, we recommend the course correction – it may range from training to users, varying degree of changes to business processes to a complete overhaul of ERP, depending on the severity of the problem. We also participate & help you navigate through the journey of course correction either through our team of technological experts or through the team you have already appointed.