PROCESS DEVELOPMENT FOR A START-UP
A Farm Equipment Company having turnover of Rs.50 Cr. forayed into a rural retail project. Proteus helped it in development of Real Estate Acquisition and Store Roll out Processes. Proteus Team members’ prior experience in retail with Reliance Retail, D Mart & Shopper’s Stores’ Crossword helped the start-up promoters understand Retail Business intricacies.
INTERNAL AUDIT & SOP FOR A MID-SIZED FIRM
A specialty chemical firm having turnover of Rs. 250 Cr. was facing teething issues with its ERP named BAAN, Inventory Mismatches, Internal Control Failures in Purchase To Pay, Order to Cash and Finance Processes along with uncontrolled parallel manual processes. Proteus’ Internal Audit Services helped it identify root causes of perennial issues faced. Standard Control Procedures developed by Proteus helped it achieve the desired Control Maturity.
OPERATIONS AUDIT FOR SPEACILAITY CHEMICAL CO.
An aroma chemical company with a turnover of 500 Cr. was facing issues with its Yield Reporting, Revenue Leakage in its Logistics & Transportation along with perennial WIP & Packing Material related problems. Proteus’ Operations’ Review revealed incorrect practices in material management, inventory movement, manufacturing control system, calibration / instrumentation related issues. Proteus provided solutions for bottlenecks and reduced production cycle time with impact of Rs. 5 Cr on bottom-line.
REVENUE ASSURANCE FOR AYURVEDIC HOLIDAY CO.
An ayurvedic medicine manufacturing company having turnover of Rs. 60 Cr. also running Ayurveda Clinics, Spas, medical holiday facilities, Ayurveda retail stores, distribution centres, was facing revenue leakages, stock and cash mismatches. Proteus Advisors scoped a Revenue Assurance driven Risk based Internal Audit in a phased manner covering its hospitality, Clinical and Supermarket business along with other support functions viz. supply chain and manufacturing and provided solution to plug all the possible leakages.
INPUT TAX PROCESS REVIEW FOR A SHARED SERVICES GAINT
Shared Services of globally recognised Banking Giant was facing problems in taking input tax credits due to issues with its information compilations (Annual Credits taken Rs. 150 Cr by the Unit). Proteus Team helped it in setting up information compilation and reconciliation system and identified benefits foregone and other relief and benefits available that saved cash outgo.
BPR & ERP IMPROVEMENTS IN DECRETE MANUFACTURING
An Heavy Engineer Company was using ERP named IFS , with heavy customization; and still was facing issues due to bugs, incomplete implementation, incorrect integration, design issues etc. Proteus helped it correct the processes and get the correct output mainly in areas of material Requirement planning, Manufacturing Resource Planning, Standard Costing, Job Costing and Inventory Valuation covering operations like CNC operations, fabrication, Assembly and Dispatch.
PERFORMANCE REVIEW FOR A LOGISTICS CO.
75 years old Company in transportation and logistics business was facing stagnancy in business due to imbalanced responsibility accounting and conflicting KPIs that were hampering its growth potential across its 180 plus branches. Proteus Advisors conducted diagnostic study to correct revenue sharing and revenue recognition among the branches and created framework for optimizing conflicting KPIs to ensure balanced and fair distribution of funds which had positive effect on organizational harmony and accountability.
IMPELMENTING COSTING SYSTEM
One company into discrete manufacturing having turnover of 150Cr with multiple products mix was facing issue with its product costing, pricing and inventory valuation. Proteus Advisors helped it first implement absorption costing system and gradually moved to Activity Based Costing system which helped the company to eliminate loss making products, save income tax and price competitively.
For a global payment aggregator and payment gateway service provider, we conducted ISMS & SDLC Audits along with Process improvement related exercises to reduce overall process cycle time with less stoppages, customer issues and bugs.
A Container Freight Station (CFS) was using RFID for tracking inventory and movement of its Container inventory at the CFS and was not satisfied with the accuracy of RFID for the purpose. Proteus recommended best use scenario for objective analysis, control within the limitation of technology and high detection possibility of revenue slippages and inventory management.
We have conducted RACI review for various Companies with complex hierarchies into discrete manufacturing and reduced the work load, increased accountability and performance. We worked closely with top management for streamlined communications and improved decision making process. We also stremelined organisation heirarchies and rewritten roles and responsibilities to suit organisational maturity.
END TO END ERP SERVICES
We have provided ERP solutions to various manufacturing companies starting from BPR, ERP vendor evaluation, system requirement studies, process and control designing, implementation support and training. We provided all these services under one umbrella in a phased manner. We also helped them develop SOPs post ERP implementation. We could reduce ERP procurement and implementation cost by 40% and reduced implementaton time by 50%.
STRATEGY VS EXECUTION
Which is more important for business success? having a better strategy or better execution? Find out here
MANAGEMENT AUDITING & DISRUPTIVE TECHNOLOGIES
How internal auditors' role changing in this era of disruptive technologies? This paper gives you insight on various perspectives..
NOTES FOR STARTUPS & SMEs
We wish to give you simple answers to your complex questions here with this paper.
FOOD COSTING IN F&B BUSINESS
How you are controlling F&B costs? If you are running a restaurant chain or a hotel chain, just find out the best practices and worst practices w.r.t. food costing in this paper.
SOFT SKILLS FOR BUSINESS MANAGERS
Training and Practicing improve skills. If you want to know more how you can bring cultural change and know about our innovation practice, please contact us. Find out soft skills framework for innovations and dealing with people in this paper.
IMPROVE BOTTOM LINE IN 3 STEPS
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WHY MANY ERP IMPLEMENTATIONS FAIL?
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