Business Advisory
When circumstances demand, talk to us, we shall possibly have ideas to share with you in finding solutions. We have good and practical ideas and experience on:-
- Setting-up and bringing to operation successful joint ventures
- Business start-ups in the East African region
- Wading through mergers and divestments
- Reading and interpreting the financial and management accounts for busy shareholders and board members.
- Profiling enterprise risks for improved business control
- Business recoveries
- Developing practical financial modules for planning, control and monitoring
- Carrying out due diligence as required
- Advising on business performance and improvements
Other services
Our business advisory services
Financial and Management advisory services
Kreston KM provides a full range of business consulting services to clients in both the private and public sectors. We provide a wide range of management consultancy and professional services ranging from strategy formulation, and specialist advisory services in disciplines such as finance, ICT, planning, monitoring, risk management, mergers and acquisitions. We enable clients to achieve integrated solutions to their business requirements and endeavour to provide best value for money.
Proper risk management is no longer simply a matter of identifying and mitigating risk. Rather, today’s organizations must go above and beyond, and implement proactive structures that not only detect risk, but also enhance the strategic and operational foundations of their business. Our advisory team works with clients proactively to manage risk through the creation of sound internal controls. Our professionals have a deep understanding of industry issues, and provide guidance to public and private companies alike – from startups to large enterprises.
We also help clients design and implement global compliance programmes and drive results through internal audit. We undertake strategic planning and business plans for clients, advise on business performance and improvements, carryout due diligence as required, as well as develop practical financial modules for planning, control and monitoring.
With our expansive international network, we are able to facilitate swift turnaround and effective service delivery even for the most completed assignments.
Fiduciary Management Agency (FMA) services
We provide Fiduciary Management Agency services to our clients. This service involves our clients appointing our firm to undertake asset management. Our mode of delivery is through an integrated process combining advisory and delegated investment services, with a view to achieving the asset owner’s overall investment objectives.
As fiduciary management agents we manage the assets of our client(s) and stand in a special relationship of trust, confidence, and/or legal responsibility. As a fiduciary management agent we always act in the best interest of our clients.
ICT consultancy services
Over the years, technology has been the enabler for all transformations in the business world, as such the demand for IT systems is high. We help our clients in getting value from their technology investments through growth, innovation, process optimization and cost reduction. Key services we provide include:
- General IT control reviews
- IT risk assessment
- IT governance reviews
- Application control review
- Vulnerability assessment
- Web based application security assessment
Training Services
Our training philosophy is to build capacity for business growth and control. The range of our training products feature celebrated and popular programmes that includes:-
Entrepreneur’s assistant course: This course runs two programmes each calendar month. It is designed to create an effective business assistant for the entrepreneur. Through this programme we make your receptionist or office assistant, your business assistant. As an entrepreneur you concentrate on your core business activities and stop worrying about such time consuming business support routines and processes to include among others :
- Raising invoices
- Receiving payments and banking
- Maintaining receivables accounts
- Maintaining payables accounts
- Remembering the business compliance calendar
- Custody for stocks and inventory
- Handling customer enquiries
Practical budgeting and budgetary control: This is an extremely popular course with entrepreneurs and managers of small and medium enterprises
Many business owners and managers, world over loathe the idea of budgeting.
Very often budgeting is dismissed as an exercise in futility by even those like the accountants who should be lobbyists for this important business aspect.
Reason?
Many times it is presented theoretically! Our experienced business practitioners take you through a painless motion of how:-
- To budget from a practical and real perspective
- To delegate budgeted activities for implementation without losing the control aspect
- To set-up, direct and monitor the growth path of your business.
Fast tracking correct experience for accountants:
The business scene is replete with many businesses searching desperately for accounting professionals with well grounded skills and experience. Yet out there, are so many accounting graduates, and partly qualified accounting professionals, in the market unsuccessfully looking for jobs all courtesy of inadequate or no experience!
Operational design, development and implementation: One fact we have established through our many years of service to the SME sector, and particularly in the developing economies, is that business operational systems in this sector are unique. They are unique because businesses in this sector generally operate under many conflicting external and internal pressures. For example do the owners and managers of small and medium business operate them as purely commercial or subsistence ventures? Are they operated with formal or informal structures? Even then, would their economic sizes allow? How many have established, published and follow policies on key business aspects such as business ethics, recruitment etc?
Against the foregoing, and on the basis of the wide and deep knowledge of the operations of firms in the SME sector that we have accumulated over our many years of service to the sector, we have developed and established unique methodologies that assist us in designing and implementing operational systems complete with necessary controls for firms in the SME sector.
We keep reviewing and upgrading these methodologies on the advent of new knowledge. We believe we are many paces ahead of our peers in this aspect. And we are determined to maintain the gap.
HR Services
Business performance is highly dependent on the human capital in the organization. This has resulted to organizations streamlining their HR policies and processes. Under this service, we provide:
- Executive search and selection (recruitment)
- Organization review and restructuring
- Job grading
- Job analysis
- HR policies review