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description of the service.
General consulting
Accounting policy manual preparation
Assistance with financing
Budgets & forecasts
Business plans
Business start-up services
Business succession planning
Cash flow projections
Cost management consulting
Custom report writing
Data extraction
E-business assessment
Employee benefits consulting
Executive compensation planning
Financing alternatives
Information systems
Key performance measures
Lease/buy decisions
Litigation support
Mergers and acquisitions
Operations review
Outsourcing decisions
Planning, modeling and analysis
Policies and procedures manual
Process consulting/documentation
Profit improvement review
Project management
Strategic planning
Technology consulting
Valuations
WebTrust
Collection of services that are generally considered management assistance
services. While traditional audit, accounting and tax services tend to
focus on an organization's external needs, consulting focuses more on
your specific internal needs. You define what you want to achieve. We
help you formulate the right deliverable.
Benefits
- Client-determined deliverable.
- High level of client interaction.
- Flexible service definition.
- Easy to tailor service to your goals.
- Improve an organization's efficiency.
- Help attain organizational goals and objectives.
Assist with or prepare a set of uniform policies and procedures to be
followed in the performance of an organization's accounting function.
We start the process by reading and/or documenting your current policies
and procedures. We organize those policies into an logical, understandable
format that can be in either a written or electronic format or both.
Benefits
- Improve consistency of accounting function.
- Assist in training accounting personnel.
Assistance with gathering, organizing, or interpreting information needed
as support for obtaining financing. This service can also encompass the
identification of financing sources.
Benefits
- Improve ability to present financial information needed for acquiring
financing.
- Identify sources of financing.
Budgets and forecasts are financial pictures of assumed future financial
activity. The terms "forecast" and "budget" are often
used interchangeably and mean expected or most likely result. However,
a budget can also be presented in a flexible format that covers a range
of potential scenarios. For scenarios that are not the most likely to
occur (in other words, "what if" events) a budget is referred
to as a projection. We can help you prepare or interpret variances between
actual and anticipated results.
Benefits
- Signals to management that corrective actions may be needed in
some aspect of operations.
- Provides a financial road map for you company.
- Establishes financial targets and help set goals.
- Increases accountability.
- Contribute to the reduction of expenses.
A business plan is a guide that directs an organization's efforts when
considering a new product or service, a new line of products or a
new business. A business plan is usually part of a broader overall
strategic plan. We can work with you to develop and write a realistic
plan that that includes these key elements:
1.Executive summary of major plan points.
2.Description of the business or product.
3.Business environment analysis of:
-Industry characteristics and trends
-Market potential
-Competition
4.Strategic plan that includes long-term goals, and methods
for achieving the goals.
5.Analysis of management skills.
6.Financial forecasts or projections.
Benefits
- Coordinates and provides measurable, accountable guides for implementing
a planned course of action.
- Coordinate marketing efforts.
- Assess future of company.
Starting a business is difficult and time-consuming. What you really
want is to do the work you're good at. We can help with the back office
part. For example, we can set up records, organize the accounting system,
assist with bookkeeping, and help you file the necessary forms for payroll
and income taxes.
Benefits
- Improve process efficiency.
- Identify business reporting requirements.
- Assist in accounting system set-up.
Development of a plan to gradually transfer management of a business
from a retiring owner (usually a parent) to others (often children).
A well-organized plan can help smooth the transition and anticipate areas
of difficulty.
Benefits
- Smooth continuity of operations.
- Anticipation of the needs of the retiring owners and successive owners.
This service identifies how and when cash is generated and used. It is
a useful tool when preparing for or considering debt refinancing,
business expansion or general business planning.
Benefits
- Improve cash collections
- Identify primary sources and uses of cash flows.
Identification of an organization's critical costs.Benefits
Identify opportunities for expense reduction.
Using your existing software, prepare custom reports that are not part
of the default reports supplied with the software package. In addition,
this service can also include tailoring your existing financial statement
formats into a style that fits your management needs.
Benefits
- Create new management reports.
- Improve management reports.
- Identify important trends.
Through the download of data directly from your system, we can analyze
certain transactions and perform analyses that go well beyond the
scope of traditional assurance services, such as audits.
Benefits
- Analyze huge amounts of data quickly.
- Identify unusual transactions or data.
- Perform unique analyses of interrelated data.
A prelude to a worthwhile move into e-business starts with assessing
the viability of your operation within an e-business environment. The
specific steps will vary depending on your particular circumstances.
Some steps to consider for an e-business operation include:
- Feasibility
- Implementation
- Follow-up and Monitoring
- Who to contact
Benefits
- Improve initial success.
- Maintain long-range perspective.
- Improve overall operational efficiencies.
- Identify preventable costs.
Identification of options available for benefit plans. Assistance with
the administration of your plan.
Benefits
- Improve employee retention .
- Remain competitive in personnel marketplace.
Assessment of the compensation paid to an organization's executive for
the purposes of tax planning and executive retention.
Benefits
- Integrate compensation with the objectives of the
company
To grow at a pace that keeps up with business opportunities, an organization
may require more capital than can be generated from operations alone.
Additional financing can come from any combination of financial institutions,
owners, individuals and other sources. Analysis of the available options
provides valuable information for selecting the financing mix that best
fits with the organization's long-term goals.
Benefits
- Assess alternative sources of financing.
This service focuses on the information you need to run your organization
and achieve your strategic goals. We start by asking you questions to
determine what relevant financial and non-financial information you need
to make critical decisions. This information might come from inside or
outside your organization. Next, we assess the reliability of the sources
and content of the information you receive now. Based on our evaluation,
we will help you identify new information sources or alternate performance
measures. Finally, we'll offer recommendations for improving the efficiency,
practicality or responsiveness of your system.
Benefits
- Upgrade to a more efficient information system.
- Engineer a system that provides the information that you want.
- Evaluate the security of your system.
Identification and assessment of key leading and lagging indicators that
are relevant to a particular organization. Performance measures unique
to the organization can also be developed so that an organization can
benchmark its performance.
Benefits
- Improved management.
- Identification of trends.
Assess the merits of leasing versus buying an asset. Analysis can include
a determination of the cash flow effects of either decision.
Benefits
- Assess the merits of leasing versus buying an asset.
Services as either an expert witness or as a consultant.
Benefits
- Litigation consultation.
- Expert testimony.
Whether selling or purchasing a business, detailed information is required.
We can assist in the due diligence process. The extent of our service
can be tailored to your needs and can range form valuation assistance
to assessment of underlying records to a determination of tax consequences.
Benefits
- Provide objective evaluation of the financial aspects of a proposed
transaction.
- Assist in due diligence procedures .
- Identify potential tax consequences of a proposed transaction.
- Assist in determining the structure of a proposed transaction.
The objective of an operations review is to evaluate and recommend improvements
in:
- Overall operations
- A segment of operations or
- Specific processes within a segment
A typical engagement, which is more than just looking
at the financial picture, starts by helping you define a desired state
of operations, i.e., (where would you like to be.) Then we assess the
current conditions, i.e., (where are you now.) Through an interactive
process, we help generate ideas for improvements, evaluate the best solutions
and provide you with support during implementation of the solutions.
To the extent a particular solution requires new training, we can help
with training or offer recommendations for other qualified trainers.
Benefits
- Increase operational efficiency.
- Identify growth areas.
- Improve profit potential.
- Suggest process improvements.
- Increase organizational stability.
- Improve competitive strength.
Assist in evaluating the merits of performing certain functions internally
or contracting the function to an outside party. The service includes
a cost analysis.
Benefits
Evaluate cost/effectiveness.
Evaluate existing revenue volume, margins, and costs in order to set
achievable, measurable targets for critical components of profit or other
business activities. Through the use of models, we can develop views
of possible outcomes based on specified levels of activity, assumptions
or other variables. We can also recommend ways to implement and monitor
appropriate plans of action.
Benefits
- Improve strategic planning process.
- Reduce operational risk .
- Identify critical variables and their effect on revenue or profits.
Assist with or prepare a set of uniform policies and procedures to be
followed in the performance of a particular aspect of an organization's
operation. Examples of functions include accounting, personnel, information
technology, and quality control. We start the process by reading and/or
documenting your current policies and procedures. We organize those policies
into an logical, understandable format that can be in either a written
or electronic format or both.
Benefits
- Improve employee performance.
- Improve operational consistency.
- Reduce risk of operational errors.
Evaluating of a current flow and action points related to the accomplishment
of some objective and recommending options for improvement. Improvements
could be in the areas of reduced processing time, fewer action points
or reduced costs related to a process or improved quality in the
process.
Benefits
- Improve operational efficiency.
- Suggest process alternatives.
Consulting service designed to assist with a plan for improving an organization's
profitability. Components of a profit improvement review can include,
at your option, such elements as break-even analysis, cost studies, price
sensitivity modeling, or expense analysis.
Benefits
- Identify opportunities to improve profits.
- Analyze current profit margins by product or service.
Consulting service where we assist in the management and implementation
of a particular project.
Benefits
- Increase efficiency.
- Avoid possible hiring of additional personnel on a short-term basis.
A strategic plan is an organization's road map. It shows you where you
want to go, how you plan to get there, what to expect along the way,
when you expect to arrive, how you'll recognize your destination
and who will be responsible for getting you there. We can serve you
best in this area by acting as an outside, independent facilitator
for one or more sessions in which key members of your organization
develop a strategic plan consisting of:
- A list of an organization's long-term goals.
- Opportunities and threats to organization objectives.
- Actions necessary to achieve those goals.
- Timetables for completing the actions.
- Identification of success indicators.
- Assignment of accountability.
Benefits
- Improve long-term profitability.
- Reduce long-term organizational risks.
- Assess organizational strengths.
- Assess organizational weaknesses.
- Assess competitive advantages.
- Facilitate communication of organization vision.
An extensive array of services that are designed to help clients determine
what they want their computers to be able to do.
This can include:
Hardware selection
Software selection
System implement assistance
Trouble-shooting existing systems
Software application training
Benefits
- Reduce risk of poor technology decisions.
- Identify opportunities for efficiency.
- Assess IT security.
- IT training.
A business valuation is the establishment of a value of a partial or
entire interest in a closely held business or professional practice.
Factors taken into account include quantitative and qualitative measures,
as well as tangible and intangible factors related to the business being
valued.
Benefits
- Assess the value of an organization.
- Assist in the sale of a business.
- Assist with estate planning.
- Assist with litigation support.
This service provides a unique seal of assurance for electronic commerce.
CPA Web Trust SM is designed to assess commerce web sites to assure they
meet specific criteria for standard business practices, controls over
transaction integrity and information protection. Not quite ready for
a seal of approval? We also consult about what you need to do to strengthen
you site.
Benefits
- Assess controls over data integrity.
- Assess adequacy of disclosure of business practices.
- Assess controls over customer data protection.
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