Business Advisory
Business Advisory does of course include an element of consulting, as problems do arise and our technical and financial expertise is often needed to resolve these issues in a reactive way from time-to-time.
What we do :
- Setting up Liaison / Branch Office
- Due Diligence
- Working Capital Management
- Venture Capital
- Statutory Return Preparation and Filing
- Accounts Payable and Receivables
- Data Analysis and MIS Reporting
What are Business Advisory Services?
Business Advisory is a higher level concept, certainly from the clients’ perspective and that is what really matters.
At this stage there is very little formal articulation as to what is Business Advisory, although one of the few available documents is an American Statement on Standards for Consulting Services and this includes the following references:
- Consulting Process and Services – employing the practitioners’ technical skills, education, observations and experience in a process to apply to a problem or issue
- Consultations – providing counsel based on existing personal knowledge of the client
- Advisory Services – recommendations to clients impacting on their decision making process
- Implementation Services – helping put an action plan in place
- Transaction Services – providing services to aid a specific client transaction
- Staff and Other Support Services – providing outsourced staff or services to clients or the delivery or assistance with products
The problem with these definitions is that they are very much driven by a narrow perception of client need as it arises; rather than a holistic proactive service that is truly client centric focusing on client wants.
As we know, clients are and will increasingly demand proactivity not reactivity and this really does matter to them; ignore it, or even misunderstand it, at your per.