Reviewing internal business processes

Could your business be operating more efficiently and cost effectively? 

Entrepreneurial businesses don't stand still - they constantly change in order to cope with, and take advantage of, market and economic conditions. All too often, however, the underlying processes, controls and checks that support the day-to-day operation don't change at the same pace.

Do you recognise any of these symptoms?

• Over-reliance on manual and paper based control and administrative procedures.
• Difficulties in reconciling and accounting for all transactions.
• 'Information pockets' and 'black holes' across the organisation.
• Delays in fulfilling customer expectations, meeting deadlines and producing reliable management information.

Our approach to reviewing internal processes involves:

• Analysis of the required inputs, processes, checkpoints and outputs to highlight areas where potential improvements can best be realised.
• Identifying the threats and assessing the risks associated with any course of action, including doing nothing.
• Conducting a business impact evaluation, including costs and benefits of suggested changes in process.
• Agreeing the nature and extent of necessary change and developing an appropriate action plan.

How does this benefit your business?

• Achieves greater effectiveness and efficiency of operations.
• Produces accurate management information from the main system(s).
• Enables faster processing of information, giving reduced costs and more readily available management information.
• Automates and tightens control and administrative procedures, where appropriate, enabling reconciliation and accounting for all transactions.
• Avoids 'information pockets' and 'black holes' by ensuring that systems complement each other and do not duplicate processes.

If you would like to find out how we can help your business, please contact John Dennison or your local BDO advisor .