Business Advising – A road towards reaching a company’s potential
Business advising is a useful service for any company which would like to significantly enhance its competitiveness in any area. From a more concrete point of view, it can mean several types of professional assistance in various business fields. Business advisors – known as consultants – are having a successful professional background from a given field, enabling them to provide critical and unique insights fostering better decisions.
How do we work?
Accordingly, our financial consulting team is dealing with the optimization of business processes. Through the assessment of a company costly, less effective practices can be detected, and new solutions are suggested to correct them. In addition, as automatization and digitalization are the key trends in the 21th century enabling further cost reductions, we are ready to help your organization to move towards these directions.
With our consulting services it is possible to find the most suitable way of making any part of a company’s administration more transparent or even fully paperless, including the implementation of e-billing, e-signatures or digitalization of documents.
Similarly, accounting consulting is suitable for conducting internal controlling processes and implementing enterprise resource planning systems (SAP) or other supporting IT solutions (Oracle, Axtapa) enabling an up-to-date knowledge about business processes reducing the risk of frauds or misallocation of resources. As a consequence of improvements more accurate data will be available making decision-making more efficient and faster.
Finding the most optimal portfolio strategy is a key element of a successful business model, which requires financial, tax and organizational considerations as well. Therefore, as part of the asset management consulting service, our experts are ready to suggest new investment opportunities to protect savings. This means a wide variety of options including stocks, treasury bonds or real estate for instance, among which a unique mix can be found in accordance with a company’s long-term objectives.
Advising Shared Service Centers (SSC)
As the use of Shared Service Centers is a common practice among multinational companies in Hungary due to their lower maintenance costs and value-creation through the concentration of high-level expertise, we are also assisting in the management of such facilities. As SSC advising is the most commonly used service by our customers, we have a widespread experience in the field of SSC management.
We are giving assistance to improve the efficiency of an existing SSC by professional insights regarding its organizational design or the cooperation between it and other business units, including the operational management of an SSC. We are also providing help in the process of the designation of the location and the main responsibilities of a new SSC, finding the most cost-efficient solution as well.
In general there is a potential room for further improvement in the competitiveness of every company, and the use of business advisors is a feasible way towards reaching this potential. Depending on the scale of the task, our cooperation with clients lasts half to one year on average, until when business mechanism suggested by the advisors become accepted and well-understood in a company, resulting in a long-term saving of costs and time.
