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Our Methodology

HomeOur Methodology

Our Methodology

First of all, we will carry out gap analysis to map out what is currently going on and what should ideally be done to streamline accounting workflows.

Identify what is currently going on

Understand client’s business model: We will develop a complete understanding of various aspects of our client’s business:

  • Nature of business, supply chain
    Relevant laws and regulations relating to external reporting
  • Current financial situation, capital structure and future plans
  • Management hierarchy and internal reporting requirements

 

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Identify Key Processes:

Understand key business processes and transactions, such as revenue stream, expense payouts, payroll structure and inventory management.

Document Flowcharts:

Create flowcharts to visualize processes, internal control mechanism and how client is currently managing data.

Identify what should be done

After identifying weaknesses or deficiencies in current processes or systems, we will:

  • Determine the desired future state or outcomes.
  • Identify measures to strengthen internal control.
  • Identify areas to streamline, automate and digitalize the workflows.
  • Suggest ways to improve efficiency and enhance performance.

Implement developed strategies into actions

  • Identify mutual roles and responsibilities of our client and our team members;
  • Determine the accounting software client is using or needs to use or upgrade;
  • Establish accountability: Ensure each task has a designated owner whether at execution level or supervision level;
  • Ensure all service deliverables (Reports, Financial statements, Data analysis or visualization) are shared and discussed with client on timely basis.
  • Continuously gather and incorporate client feedback and ensure that comprehensive range of services is delivered to client to meet diverse needs.
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