Process & Control Audits

Systematized Approach

We analyze the KPIs and CSFs of each process and provide you with the Best Operating Procedures (BOP). This in turn enhances the efficiency and reduces the downtime of each process area.

Increase Efficiency & Effectiveness

The BOPs along with various analytical reports and continuous monitoring of the performance of each process will enhance the efficiency and effectiveness of the processes.

Bridge Loopholes

Analytical reviews throw light on areas where the risk of misappropriation of funds and fraudulent activities is high. By implementing BOPs and continuous analytical reviews these gaps can be bridged.

Remove Unwanted Process Areas

Unnecessary process areas in the current scenario might be overlooked. On detailed network analysis of the process, we get to know the unwanted process areas thereby removing them.

Improve Resource Allocation & Utilization

We employ techniques like network analysis to assess resource allocation and utilization in each process area, aiming to enhance their efficiency.

Improve Internal Controls

The BOPs help improve the internal controls. This in conjunction with Analytical Reports help the management in improving the internal controls.

Provide Innovative Ideas

Big Data is the need of the hour. Business Analytics is used to review various types of data thereby providing the management with innovative ideas to improve the business.

Stimulate Growth

Analytical reports also provide futuristic information, thereby supporting management decision-making in achieving both short-term and long-term goals.

Reduce Cost

Analytical reports support the management in making well informed decisions regarding the costs incurred & thus helping them to keep the outflow of funds under control.

Increase Profitability

On bridging all the business functions/processes & by improving the efficiency and reducing the costs, the profitability of the business could increase manifold.

The Steps involved in Analytics are:

  • Study Your Business

  • Analyze CSFs & KPIs

  • Chart Down the Key Processes

  • Analyze the Selected Processes

  • Study Resource Allocation & Utilization

  • Compare with Best Practices

  • Analyze Suitability

  • Perform Analytics

  • Report & Recommend

At Biznomics, we believe in forging long-term relationships with our clients, built on a foundation of trust, integrity, and excellence.

Quick Links

  • No. 32, Subramaniam Road, RS Puram, Coimbatore - 641002
  • info@biznomics.in
  • 0422-4359551

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