Challenge
- Cost leakages due to inadequate controls and systemic processes
- Redundant MIS reports.
- Lack of senior finance professionals with strategic perspectives
- High attrition rate in finance High manual processes
Recommended Solution
- Setup a strong finance leadership and a support team working closely with management and the internal finance team
- Designed and implemented control framework to plug the leakages, includes implementation of procurement process, 3-way mapping of client contracts to deliverables and invoicing
- Redefined the business metrics to give better insights into financial performance by business segments
- Analysed, redesigned & simplified reporting formats with drill-down approach for
Benefits
- Ensuring zero revenue leakage
- Improved cost controls
- Clear visibility of financial performance.
- Improved utilisation of resources
- Improved efficiency and productivity
- Released promoter bandwidth