Services

Business Planning, Budgeting and Reporting

Budgeting and business planning is the process used by management to create the blueprint for achieving that success. It is a structured way of setting long-, medium- and short-term goals to which resources and staff can be oriented and aligned. The origination of the business plan is the process for articulating the operational and financial imperatives that need to be achieved within 3–5 years.

Capital Budgeting : This process is the best guide for the evaluation of investment in long-term assets or projects whose returns are expected to extend beyond one year.

Cash Flow management : Your cash inflows and outflows will be managed by forecasting proceduresin a better manner.

Working capital management : The finance for your assets will be directed by a proper set of guidelines

The aim of financial planning is to analyze your current financial status and make recommendations and suggestions that will help you secure your long-term financial future.

Budgetary control is the comparison of a budget with actual results, using variance analysis.

Business Process, Internal Controls, Compliance Policies and Procedures

A business process or business method is a collection of related, structured activities or tasks that produce a specific service or product for a particular customer or customers. It often can be visualized with a flowchart as a sequence of activities with interleaving decision points or with a Process Matrix as a sequence of activities with relevance rules based on the data in the process.

Internal control is a process affected by an organization's structure, work and authority flows, people and management information systems, designed to help the organization accomplish specific goals or objectives. It is a means by which an organization's resources are directed, monitored, and measured. It plays an important role in preventing and detecting fraud and protecting the organization's resources.

Due to the increasing number of regulations and need for operational transparency, organizations are increasingly adopting the use of consolidated and harmonized sets of compliance controls. This approach is used to ensure that all necessary governance requirements can be met without the unnecessary duplication of effort and activity from resources

As the profiles and strategies of the firms substantially differ, there cannot be ‘one size fits all’ kind of solution. AFM Consultancy analyzes effective internal controls, analyze management variance reports and take proper corrective action.

Receivables, Payables, Payroll and Project Management

Receivables Management: An account that tracks individual customer accounts, listing money that customers owe the company for products or services they’ve purchased. Sales are great, but if customers don’t pay on time, the sales aren’t worth much to a business. In fact, someone who doesn’t pay for the products he takes is no better for business than a thief. Regular monitoring of accounts receivable is very important. Individual accounts receivable can be assessed using a customer history analysis and a credit rating system. The overall level of accounts receivable can be monitored using an aged accounts receivable listing and credit utilization report, as well as reports on the level of bad debts.

Payables Management: An account that tracks the money a company owes to its suppliers, vendors, contractors, and others who provide goods and services to the company. A company’s reputation for paying its bills is just as important as collecting from its own customers. If a company develops the reputation of being a slow payer, it can have a hard time buying on credit. The situation can get even more serious if a company is late paying on its loans. In that case, the business can end up with increased interest rates while its credit rating drops lower and lower. You can test a company’s bill-paying record with the accounts payable turnover ratio. In addition, you can check how many days a company takes to pay its bills by using the days in accounts payable ratio. Keep reading to find out how to calculate these ratios.

Customer's payment record and the accounts receivable aged analysis should be examined regularly, as a matter of course. Breaches of the credit limit, or attempted breaches of it, should be brought immediately to the attention of the credit controller.

Payroll management : The system is useful for an organization to calculate gross salary for individual employee on different grounds

Project management : During the project's progress, project controls should be applied to ensure the following. Capital spending does not exceed the amount authorized. The implementation of the project is not delayed. The anticipated benefits are eventually obtained.

ERP Recommendation, MIS and Risk Management

Every business needs to establish a system and the system needs to be robust to ensure completeness and accuracy of the information that is gathered. It is from this database of information that the financial management reports are compiled on which performance is reviewed and many decisions are made. Implementing ERP typically requires changes in existing business processes. Poor understanding of needed process changes prior to starting implementation is a main reason for project failure. It is therefore crucial that organizations thoroughly analyze business processes before implementation. This analysis can identify opportunities for process modernization. It also enables an assessment of the alignment of current processes with those provided by the ERP system.

If one choose appropriate ERP software and follow the best practice of implementation process, definitely will improve the system by which company execute its day to day processes. AFM consultancy will provide their expertise on for ERP implementation as well as drafting chart of account and cost centre strategy.

MIS : A management information system (MIS) provides information which is needed to manage organizations efficiently and effectively.

Risk management : It is the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities. The strategies to manage risk typically include transferring the risk to another party, avoiding the risk, reducing the negative effect or probability of the risk, or even accepting some or all of the potential or actual consequences of a particular risk.

Financial Research, Real Estate Analysis and Wealth Management

Financial research involves combination of sector and company research, the fundamental and quantitative analysis to their benchmarking and scorecard approach.

Real estate analysis covers the aspects like real estate investments, commercial real estate analysis, which helps in providing fundamental analytical comprehension of real estate investments.

Wealth management : It is a bit more than just advice related to investment. It encompasses every part of person’s financial life. It covers the aspects like financial planning, the investment portfolio management and numerous aggregated financial services.