STRATEGIC BUSINESS PLANNING

Objective:

• Development of common strategic line of development of the main types of business:
• challenges;
• target values;
• development priorities;
• marketing programme;
• activities to improve competitiveness of products;
• management and control of financial results in the long term.
• Identification of business processes of high priority for effective business operations, achievement of strategic objectives, enhancement of competitiveness, transparency and improvement of reliability of information on their implementation.
• Creation of conditions for business investment attractiveness.

Solutions:

• Development of strategic target programmes, criteria, indicators.
• Proposal of strategic development scenarios and sensitivity analysis of financial indicators.
• Formation of financial model of strategic business development.
• Development of the counter planning system: "top" - development strategy and market opportunities for the consumption of manufactured products; "bottom" - plans of production and sales of products.

INVESTMENT BUSINESS PLANNING

Objective:

• Optimization of business processes, development and modernization of technological processes, provision of compliance of planned production indicators strategic with business objectives.
• Ranking of investment projects in order to create an effective investment programme providing the optimal solution of strategic business objectives.

Solutions:

• Development of standards for assessing new investment projects on key performance indicators, decision-making for their implementation.
• Substantiation and calculation of the cost-effectiveness of projects; control of the project life cycle.
• Provision of cooperation between the participants of investment planning, algorithm and approval of projects by collective body, responsibility of curators of the project for its implementation.

FINANCIAL PLANNING AND BUDGETING

Objective:

• Establishment of interrelation of planning and monitoring the implementation of strategic business plans.
• Organization of the process of interrelation and effective management of revenues and expenditures, cash flow, liquidity of business.
• Improvement of quality of managerial decisions concerning production and business activities.
• Creation of stable basis for the formation of strategic and investment plans.
• Increase of business transparency for shareholders and potential investors.
• Reduction of production costs using tools of effective management, improvement of product competitiveness, increase of business profitability.
• Creation of base for personnel incentive system through its binding to financial indicators of business.
• Receipt of consolidated financial statements for the Holding.

Solutions:

• Determination of financial and legal business scheme (circle of legal persons involved in the formation of business financial indicators and their legal ties).
• Formation of financial structure based on the analysis of existing business processes.
• Development of regulations on organization of the budgeting system, reflecting the basic principles and procedures.
• Implementation of activities aimed at improving measures of personal responsibility of managers of business units for the implementation of financial results of activities of their units (ladder of responsibility).
• Organization and implementation of the plan of business transfer from the current system to a new one.
• Organization of work of planning and economic departments.
• Organization of work of the Treasury, including external, by applying banking technologies.
• Methodological support for the development of complete and adequate inventory of management reporting, based on the analysis of business processes and proposals for their optimization.
• Methodological support for the development of technical specifications for automation of management accounting on the existing IT-platform (proposal of new technological solutions).
• Organization of monitoring and controlling procedures for implementing planned and budget indicators.
• Organization of preparing consolidated statements of the group of companies.

ANALYSIS OF PRODUCTION COSTS

Objective:

• Provision of monitoring the production cost and sales.
• Reduction of production costs, increase of business profitability.
• Provision of rapid response to changes in industry and other parameters to maintain the planned level of production margins.

Solutions:

• Analysis and evaluation of optimal processes for parameters: costs, quality, speed, information, decision-making, etc.
• Definition of quality criteria to be met by final and interim results, as well as regulations on implementation.
• Development and implementation of single guide of cost items with grouping according to nomenclature (unified form for financial accounting, management accounting, IFRS) cost analysis will help to identify their effectiveness, check quality indicators, correct pricing, regulation and control of costs, planning the level of profit and production profitability.
• Empowerment (and related motivations) for managers to implement measures for reduction of costs.

CREDIT POLICY

Objective:

• Organization of management process of accounts payable and accounts receivable (credit policy of the company) under the shortage of working capital.
• Risk reduction of uncontrolled growth of accounts payable and accounts receivable.
• Risk reduction of cash shortages, decrease in solvency, loan portfolio growth.
• Risk reduction of loss of goodwill and, as a consequence, growth of price of contracts, loss of part of permanent counterparts.

Solutions:

• Development and implementation of credit policy: determination of the maximum allowable size (credit limit) of account receivables as a whole for the company and for each counterparty.
• Provision of control system of personal responsibility for the performance of credit policy parameters.
• Maintenance of level of accounts receivable corresponding to the level of accounts payable.

• Analysis of financial and tax accounting and internal control system
• Analysis of financial (accounting) statements
• Identification of risks, existing and potential losses
• Recommendations for optimization of financial and tax accounting, proposals for troubleshooting and minimization of risks

• Legal analysis of the company's corporate structure and its optimality, proposals for improving corporate business structure.
• Legal assessment of the company's liabilities. Legal audit of the company's contractual work, including legal expertise of contracts, assessment of possible risks when contracting, process optimization of coordination of contracts, development of standard contracts, coordination of terms of signed contracts, support for execution of contracts (correspondence, counseling).
• Analysis and control of the company's judicial and claim activities, counseling on issues arising from the resolution of various categories of disputes. Control of execution of judicial acts in cases involving companies.
• Assessment of validity of claims by tax inspectors and law enforcement officials, preparation of opinions on matters arising in the course of inspections.
• Analysis of legitimacy of the company's rights to capital assets. Identification of legal risks of loss of assets and identification of mechanisms to reduce these risks.
• Drawing up of legal opinions, recommendations and other documents on issues arising in the process of the company's activity.
• Recommendations to optimize legal support of the company's activity in general.
• Full legal regulation of the company's activity, including development of rules and regulations, internal corporate documents of group companies.

• Analysis of effectiveness of organizational structure and management system
• Analysis of KPIs of organization and top management
• Analysis of effectiveness of the personnel management system
• Analysis of effectiveness of existing profiles of the company's competences
• Diagnostics of remuneration system and motivation

• Assessment of the quality of existing model of the company's economic security to protect against external and internal threats
• Optimization and performance efficiency improvement of the accounts receivable
• Regulation of tender and contractual work ensuring transparency and minimization of risk of financial loss
• Enterprise security audit
• Assistance in developing the concept of enterprise security

POSSIBLE PROBLEMS AND ISSUES

• Heavy costs for IT are planned, and the reasons appear to be unfounded.
• Substantial funding of IT projects has been implemented, and their effectiveness is not declared and result is uncertain.
• Problems of interaction between IT and other departments and services of the organization.
• Outsourcing or private IT service, what is preferable?
• Reasonable reduction of IT costs is required.
• IT infrastructure is outdated; transition to a new technological level is required. How to determine the most preferred IT solution? What is the correct sequence of steps and how quickly the result can be achieved?
• "Management Information System" seems inefficient?
• Is the managerial accounting not delivered?

SOLUTIONS

• Solution to any issue in IT and related fields.
• Definition of reasons of existing problems and assistance in their elimination.
• Assistance in organizing any IT processes.
• Assistance in determining the most preferred IT solution for the automation of all business and internal processes of the organization.

EXPERTISE

IT FOR BUSINESS

• Evaluation of conformity of the development strategy with the company's IT strategy and its key business objectives.
• Assessment of the current level of automation of key business processes and the organization in general.
• Performance evaluation of use of existing IT infrastructure, determination of "reserve capacity and reliability" of IT infrastructure.
• Identification of problem areas in IT and errors in current automation of the organization, development of recommendations on "improvement"

IT MANAGEMENT QUALITY

• Evaluation of IT costs adequacy.
• Determination of the maturity level of IT processes (on CobiT 4.1 model).

IT TEAM

• Determination of the maturity level of IT management.
• Assistance in selecting managers and employees of IT service.

PRACTICE

• Formation of IT development strategy and building up the business management system.
• Advice on improvement of the efficiency of business processes using modern and innovative IT solutions.
• Advice on the organization and the successful implementation of IT projects.
• Development of recommendations (counseling) to optimize IT costs.
• Assistance in organizing tenders for the purchase of IT equipment, choice of IT solution and definition of IT integrator.
• Methodological counseling on improvement of management accounting. Development of reporting forms and regulations. Consolidation of reporting. Formation of business requirements and development of TDA for automation of management accounting.
• and many others.