Cost management plays a vital role in the success of any business. Business entities have to adjust the operating structure with the market.
Well defined policies and procedures in line with the expectation of employee behavior and principles will foster a culture of governance and compliance.
Weak policies and procedures reduce the effectiveness of business operations, create dissatisfaction of staff, increased queries, duplication of effort and work, non-compliance and raise governance issues.
As the business entity grows in size, a more formal structure will be required for reporting purposes. In this regard, we assist business entities to set up policies and procedures or to improve existing policies and procedures that are easy to understand and apply. Our technical experts by way of a wide deposit of bench-marked best practices will develop plans and implement changes across the organization. Our team of professional staff will take a thorough understanding of the nature of business and accordingly will devise a policies and procedures manual that will be appropriate for the organization including the visual mapping and perspective documents. The policy and Procedures manual will include the following areas:
Sales of goods and services, discount matters, sales returns, contracts, receipts mechanism, etc.
Purchase/procurement of goods and services, quality check, receiving matters, payments mechanism
Hiring and firing of human resources, the job description of every employee, employment benefits, performance increments and perquisites
Purchase of fixed assets, fixed asset register, deprecation issues, revaluation, damage and maintenance.