Process Audit

Duration: Two weeks

Investment: from EUR 10k*

*plus VAT & travel costs; based on 80 billable hours

Based upon an introductory meeting and my initial read of a company’s global footprint, acquisition history, data and IT environments, I outline what I think a department could benefit from in the form of a process audit. I am, of course, open to adjusting to your insights and priorities.

Example Focus Areas:

  • Manual bottle necks in a financial reporting process

  • Data aggregation and reporting after a merger or acquisition

  • Data or Balance Sheet clean up before or after an ERP migration

  • Standardizing a Sales’ teams territory planning tracking and integrating it with your CRM system.

  • Streamlining Order-to-Cash to speed contracting, invoicing, and accounting.

  • Optimize and train Shared Service Center teams after system implementation

Process Audit Could Include:

  • Interview key stakeholders - 1:1 or in small groups

  • Identify and map key data, reports, people, and systems

  • Help prioritize which reports and systems to focus on for integration and automation

  • Identify potential audit or continuity risks (from people, process, data and technology standpoint)

  • Analyze balance sheet and/or data clean up needs

  • Suggest training and capacity needs

  • Customize questionnaires to collect input from employees on their priorities and concerns.

Structure:

  • Week One:

    • Kick-off Meeting with key stakeholders

    • Interview key management and process owners to walk through their processes, reports, data

    • Flow chart or map people, processes, technology, and data

  • Week Two:

    • Check-in with initial findings

    • Follow up meetings, as needed

    • Closing Meeting with presentation summarizing key findings, prioritization matrix, and suggested next steps.

Benefits

  • A review with the structure and framework of a certified auditor.

  • Observations summarized in a report and presentation to assist in building a business case to executive management.

  • An independent, smaller scale process audit to give your management team an unbiased overview without a long-term, high-price tag investment like you’d have with a consulting firm.

Let’s work together