Financial services | SIA Consulting

DEVELOPMENT OF A FINANCIAL BUSINESS STRATEGY

Defining long-term goals and the means to achieve them is the foundation of a successful business. Formation of an effective business strategy becomes possible where the long-term vision of business owners and managers is supported by high-quality marketing analytics. Our consultants, having experience in a wide range of industries, will form an expert opinion on the potential to increase the value of your business and the profit it generates through the use of advanced strategic management tools, including: 4P analysis, SWOT analysis, 4C analysis, BCG matrix, PEST analysis and others.

LIQUIDITY MANAGEMENT

According to international statistics, only 20% of companies undergoing bankruptcy proceedings are unprofitable. 80% of companies go bankrupt, generating profit steadily. The reason is that many companies, having an effective strategy and regularly generating profits from their core activities, make mistakes in the management of financial resources. Our specialists will carry out financial diagnostics of your business and formulate a proposal for balancing the main indicators in order to harmonize the business strategy and its financial model. Among them: short-term and long-term liquidity, the ratio of equity and debt capital, turnover of assets and liabilities, and others.

SALES CHANNEL EFFICIENCY ANALYSIS

Effective product distribution and financial discipline in sales are the basics of the success of a commercial organization. According to the data of agencies analyzing misconduct, employees of sales departments of Russian companies are "in the lead" in the number of corruption actions and damage from them among all departments of the companies. 40% of revealed financial violations in domestic companies are attributed to employees of sales departments. At the same time, the practice is such that employees of financial and economic services are more focused on optimizing company expenses than on completing income generation. The reasons for this lie both in the lack of sales competence and in the lack of human resources to oversee the commercial function. Our specialists will audit the processes in the sales department of your company in order to maximize the volumes and prices of product sales.

DEVELOPMENT OF A FINANCIAL STRATEGY FOR ENTERING EXPORT MARKETS

For a number of branches of the non-oil and gas sector, the Russian domestic market is saturated with domestic and import offers. Among them: livestock, crop production, confectionery, pharmaceuticals, IT and a number of other industries.In these conditions, the export of goods and services is becoming relevant for an increasing number of Russian manufacturers. At the same time, developing a strategy and roadmap for bringing products to export markets requires a special set of competencies. Our experts, having wide experience in foreign economic activity, will form a proposal for key markets and products for export, as well as a roadmap for the admission of your products to foreign markets.

IMPLEMENTATION OF BUDGETING

Budgeting is one of the most effective business management tools. The budget in a commercial organization has a dual role: motivation and forecasting. First of all, the budget sets the financial framework in which the managers and employees of the company should conduct their operational activities - what proceeds from sales should be received, what should be the cost of goods and services, and so on. In addition, the budget gives an idea of what the value of the business will be, its scale and dividends after a given planning horizon. We are ready to provide a service both for setting up a budgeting system and its integration into a software product, and for training your company's employees in the budget process.

ANALYSIS OF FINANCIAL AND ECONOMIC ACTIVITIES

Regular analysis of the company's financial performance allows owners and managers to keep their finger on the pulse of the organization, to find reserves for the growth of financial performance, and to determine the reasons for negative deviations. The analysis can be carried out in various ways: comparison of planned and actual indicators, comparison of current financial results with the results of previous periods, comparison of the company's actual results with the actual results of competing companies. Financial and economic analysis allows you to make management decisions aimed at the most efficient distribution of the company's financial resources.

EVALUATION OF INVESTMENT PROJECTS

Investment analysis techniques allow a business to make financially sound management decisions about the use of funds for investments in long-term assets, whether it is property objects, new lines of business, or property complexes. Situations are widespread when not only the seller, but also the top managers of the potential buyer are interested in the overestimation of assets. We can talk about both direct interest and the desire of top managers to increase their influence in the company through the growth of assets and the volume of activities. Assessment of the economic efficiency of investment projects, carried out by external consultants, allows you to obtain objective information both on the value of the asset and on the future economic benefits from its use.

IMPLEMENTATION OF KEY PERFORMANCE MANAGEMENT SYSTEM

Modern understanding of strategic management and human resources management considers four main metrics, monitoring of which is necessary for the successful operation of a commercial organization: financial results, customer relationships, business process efficiency, and skill development and innovation. The practical significance of the KPI system is expressed in the fact that the company formulates the main goals and objectives in these areas, which are subsequently cascaded into business units, departments and individual employees, each of which understands what exactly is expected of him at a given planning horizon. We will help you to create an end-to-end goal-setting system that will allow you to break down the company's strategic goals into actions of specific employees and increase their motivation to achieve the set goals.

OPENING AND SUPPORT OF LEGAL ENTITIES IN OFFSHORE JURISDICTIONS

The UAE and Cyprus are traditional destinations for Russian companies interested in opening foreign branches and bank accounts. In the 2000s these jurisdictions were mainly used to optimize taxation, in the 2010s - to protect assets. At the current stage, these functions are still relevant, however, the most common reason for opening bank accounts in these jurisdictions is the need to gain access to the international banking system and withdraw high-risk financial transactions outside the perimeter of Russian financial legislation.As part of interaction with partner companies in these jurisdictions, we will provide you with a confidential service for registration and support of legal entities.

PROTECTION OF RECEIVABLES IN EXPORT AND IMPORT OPERATIONS

Payment issues are very sensitive in international trade. Access to international sales markets can bring significant economic benefits to a trained participant. At the same time, the choice of an unreliable counterparty or the implementation of international trade transactions without proper protection of receivables can lead to the loss of goods, non-refund of prepayment, additional transportation costs, and fines for non-return of foreign exchange earnings to the Russian Federation. Access to the expertise of our specialists in the field of foreign economic activity will allow you to properly check the reliability of a foreign counterparty, as well as build effective protection of receivables using a letter of credit, bank guarantee, CAD, insurance and other financial instruments.

DESIGN AND MAINTENANCE OF ACCOUNTING, TAX AND HR ACCOUNTING

The transfer of accounting functions to outsourcing has a number of significant advantages in comparison with the maintenance of a full-time accounting department in a company. Among them:- the ability to get access to the consultation of a highly qualified Chief Accountant and Auditor in the number of hours that the company needs, without hiring a specialist;- no need to pay vacation pays, sick leave, advanced training, support and update of software products;- the opportunity to get a partner in the person of a consulting company on a wide range of financial and legal issues.

OPTIMIZATION OF TAXATION

A professional tax consultant will offer you a comprehensive program for optimizing business taxation, starting with the legal framework of the company and ending with methods for reflecting specific transactions in tax accounting. The tax optimization program developed taking into account the specifics of your business will reduce the total amount of the tax burden, while guaranteed to remain within the legal framework.

PREPARATION OF STATEMENTS ACCORDING TO IFRS

Despite the fact that IFRS reporting under the legislation of the Russian Federation is mandatory only for the largest companies, as well as companies in the financial sector, the formation of reporting in accordance with international standards can bring significant economic benefits to any company interested in participating in foreign economic activity. IFRS reporting will be useful not only for companies interested in attracting foreign loans or investments, but also for all companies interested in participating in international trade. When getting acquainted with the business of a potential counterparty or deciding on the possibility of on trade credit terms, the foreign counterparty will primarily rely on the data of IFRS reporting.

REVISION OF ESTIMATE DOCUMENTATION IN CONSTRUCTION

Financial audit of construction contracts: availability of agreed consumption rates (materials, equipment operating hours, staff hours), availability and validity of estimates, compliance with actual and agreed rates and prices, correctness and completeness of reflection of the purchase and the cost allocation of inventory items.Legal audit: correctness of execution of contracts for construction and installation works, availability of necessary acts and logs of work performed, analysis of contractual risks, analysis and minimization of tax risks.

STRENGTHENING THE INTERNAL CONTROL SYSTEM

Internal control is the internal state of the company, a mechanism for achieving strategic goals in three directions:

1) Economic efficiency;

2) The reliability of financial statements;

3) Compliance with legislation.

Our experts will ensure the formation of the control environment and control procedures in your business in accordance with the American integrated concept of COSO, which is considered the most effective instrument of internal control in the organization.

IMPLEMENTATION OF INFORMATION SYSTEMS FOR PLANNING AND REPORTING

The financial and economic function of modern business can be as effective as its main working tool, the information system, is.Our specialists in the field of finance and information technology will audit the IT architecture of your business, offer and implement solutions for the effective use of information systems for planning and accounting for human, material and financial resources.

OUR SERVICES

SIA Consulting has professional licenses and certifications to provide financial consulting in the Russian Federation and the UAE. The company's experts are certified specialists with the necessary diplomas and valid memberships in professional associations in Russia and abroad.