Financial Consulting & Evaluation ProcessDiagnostic Phase (Assessment)
After introduced and we are chosen for the project we begin each assignment with an assessment.
This phase enables us to obtain vital information about your business and to make an evaluation of the company's strengths and/or weaknesses, inconsistencies and controls.
The length of the diagnostic phase is dependent upon many elements, two key factors:
What we learn from the assessment stage enables us to develop a project outline. This project outline defines in detail the work to be done on your project, the anticipated duration, and projected cost. The project outline is presented and discussed with you to make sure we are addressing the real needs of your company. When the project outline is approved, a date is set for the start of the project consulting. Although there is no obligation on your part to continue beyond the diagnostic phase, we do encourage that you do for continuity purposes. Implementation Phase (Execution)
This phase deals with the execution of the approved program. Procedures and recommendations are generated and installed to ensure that the issues identified in your project are properly addressed. Each procedure and recommendation is discussed with appropriate company personnel to make sure that there is a good understanding of what needs to be done and how it will/should implemented. The length of this consulting phase is dependent upon several factors, company size, project scope, budgetary constraints, technological issues and management's willingness to cooperate. Custom tailored progress reports are created in collaboration with client and RSH. Transitional Phase (Consultants move on) - Additional Service if needed -
This stage is strategically structured so that your personnel are properly trained to carry out their specific tasks. Critical financial and operating information is reviewed to make sure that the company is on the right track. Corrective action is taken to ensure that objectives have been achieved, and that all procedures related to the consulting project have been implemented, understood and are working. Another critical but often overlooked step in determining a projects continued success is the FOLLOW-UP PROCESS. This is usually done on a pre-arranged schedule, quarterly or annually after the transitional phase has ended. A fee is charged to recover cost |
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Who to contact:Canada Main Office
Erika S. Hollerith
Heinz Hollerith Canada Office
Gunter Reindorf
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