The entrepreneurs are successfully able to activate strategies with our assistance to generate optimum results from available resources. The complete turnaround solution to their problems helps them maximise value in the organisation.
Listed Automobile Ancillary with Revenues exceeding INR 5000 Mn. The company employees over 2000 in house labour and subcontracts the rest. With global clientele the company, the company had shifted its Management team to a metropolitan area. This had a result of challenges in evaluation of control & governance processes within the organization
Challenge
- The client was looking at outsourcing the work keeping in mind the following aspects
- They needed a consultant who would guide them and support them through this entire process.
- Compliances with local laws and regulations
- Deviations from the controls designed and adopted
- Cost Optimization and Savings
- Insights and Development to conform with the best practices within the industry
What we did
- Since the past 5 years we have been systematically approaching the audit based on the strategic needs of the company for all the major cycles by
- Identifying how well risks are managed
- Whether the right processes are in place
- Whether agreed upon processes are adhered to
- Whether best & standard practices in the industry can be implemented to provide better reporting & operations
- Insights by reviewing & understanding challenges for better cost controls and Cost optimization
- Identification of compliance issues and potential threats to the organization
What we achieved
- The Unicus team approached with the questions and offered a clear, prioritized road map to address the root causes of gaps and prevent them from reoccurring.
- The key contributions were over the period of audits were
- Cost savings in the range of 2-3% of costs incurred
- Processes were redesigned to confirm with standards and best practices in the industry
- Key compliance & process lapses were identified at nascent stages and timely informed to those charged with Governance
One of the largest Hospitality operators with brand presence Pan India. The client needed assistance in developing its Enterprise Risk Matrix framework which included identification of risks internal, external, system and regulatory
Challenge
- Assessment of the current structures, systems, practices and procedures in place for risk governance and management across the client.
- Considering the property size, number of people employed, and clientele served by the company, addressing various threats which strong impacts and likelihood
What we did
- Creation of comprehensive library of events
- Assessment of threats and what could go wrong
- Assessment of Impact, Likelihood and mitigation / level of assurance based on existing control
What we achieved
- Assuring that the compliance function to the Group is well equipped by providing them with appropriate list of threats, likelihood, impact, existing control and recommendation
- Reporting key risk factors which need to be addressed by those charged with Governance