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G S M K & Associates, Chartered Accountants, as strategic advisors, provide comprehensive management
consultancy services to assist organisations in improving business performance, operational efficiency, internal
governance, and regulatory compliance.
1. Internal Control Systems & Internal Financial Controls (IFC)
- Design, implementation, and testing of Internal Control Systems
- Evaluation of Internal Financial Controls over Financial Reporting (IFC-FR) as per Section 134(5)(e) and
Section 143(3)(i) of the Companies Act, 2013
- Risk Control Matrices (RCM) and control documentation
- Review of control design effectiveness and operating effectiveness
2. Standard Operating Procedures (SOPs) & Policy Formulation
- Drafting and implementation of SOPs for key business processes (e.g., sales, procurement, HR, finance)
- Development of company policies on procurement, accounting, HR, travel, expense, and inventory
- Mapping processes for risk identification and mitigation
3. Operations Audit and Verification
- Performance review of operations across departments (sales, procurement, production, HR, etc.)
- Compliance with internal policies and industry standards
- Identification of inefficiencies, leakages, and control gaps
4. Budgetary Control Systems
- Design and implementation of budgeting systems (operational and capital)
- Variance analysis and reporting mechanisms
- Forecasting models and financial planning
5. Enterprise Resource Planning (ERP) Solutions Support
- Advisory on ERP selection (Tally Prime, SAP, Oracle, Zoho, etc.)
- Implementation support and integration with existing systems
- Control mapping within ERP modules
- Post-implementation review and audit of ERP systems
6. Fixed Asset Management & Verification
- Physical verification of fixed assets
- Tagging, recording, and reconciliation with the Fixed Asset Register
- Review of depreciation and impairment policies
- Support in implementation of asset management software
7. Business Process Reengineering (BPR)
- Redesign of workflows to improve efficiency and reduce costs
- Automation and digitisation strategy
- Alignment of business processes with strategic goals
8. Strategic and Financial Advisory
- Business planning and feasibility analysis
- Financial modelling and scenario planning
- Project evaluation and return on investment (ROI) analysis
- Support in fund raising and investor presentations
9. Risk Management and Governance Advisory
- Enterprise Risk Management (ERM) framework development
- Compliance risk assessments
- Fraud risk identification and mitigation
- Assistance in building governance frameworks
10. Performance and Productivity Improvement
- Key Performance Indicators (KPI) and Balanced Scorecard design
- Productivity benchmarking and reporting
- Employee performance systems linked to financial goals
11. Business Valuation Services
- Valuation for mergers, acquisitions, internal restructuring, buy-back, or investor onboarding
- As per ICAI Valuation Standards and Income Tax / FEMA regulations
12. Cost Management and Control Systems
- Product costing, standard costing and variance analysis
- Marginal costing and break-even analysis
- Cost optimisation and cost-benefit analysis
13. Transaction Advisory and Due Diligence
- Buy-side and sell-side due diligence (financial, tax, operational)
- Legal and regulatory due diligence
- Post-merger integration support
14. Industry-Specific Advisory
Advisory for sectors such as manufacturing, real estate, NBFCs, NGOs, education, healthcare, and logistics
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