Corporate Management
How to Change Your Organization’s Culture
An organization’s culture is a deeply embedded set of values and beliefs that determine, to a great extent, how individual employees react to various situations. The organization’s culture also needs to change and adapt itself to the evolving needs of stakeholders, How can an organization develop and maintain a high-performance culture that will motivate employees to carry out their work in the most effective and productive manner? These are some of the steps that corporate leaders could take to steer their organizations in the right direction.
Understand the existing culture
How is the organization currently functioning? What drives a particular sort of behavior? It is essential to understand the factors that trigger the different practices that are prevalent. “That’s how it is done around here,” could be a common refrain. But if a company’s leadership wants to bring about change, it will have to try and understand the reasoning for employees adopting a particular form of conduct.
Consider taking outside help
An expert on the subject has probably seen dozens of companies where the entrenched culture was proving to be a drag on productivity and performance. Using the services of such a person would give an organization the advantage of the experience gained by other businesses. Every company has its own unwritten set of rules and norms. Additionally, there are wide variations between different industries. But a consultant specializing on the subject of corporate culture can add great value by providing a roadmap for the changes to be made and the best way to implement them But if a company’s culture does not promote merit and efficiency, it can prove to be a drag on business performance.
Our Corporate Management Services
Accounting Software Support
Choosing accounting software can be challenging. Each program includes a different set of features, and most offer multiple pricing plans to choose from, which also vary by feature, number of users, or other factors. 1. Costs. Would you prefer inexpensive, basic accounting software or an application that costs more but includes extra features? 2. Usability. How many users need to access the software? Do you prefer a cloud-based system you can access anywhere or desktop software? Do you need it to have a mobile app? 3. Features. What do you need the accounting software program to do? Do you need both accounts receivable and accounts payable tools? Which reports do you need it to generate? Do you need it to track inventory? Do you need it to include ancillary services, like time tracking, project management and payroll?
Compilations and Reviews
We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company’s profitability and efficiency. Our reviews include:
- Internal Audit
- IT Systems Reviews
- Business Valuations
Accounting Software Support
We can help you every step of the way to:
- Improve your odds of success by building your M&A strategy and objectives, developing your M&A team and capability.
- Take due diligence to the next level with a fact-based, rigorously quantified assessment that spot synergies the market didn’t see and prepare for integration long before the deal is inked.
- Capture maximum value from the deal with an approach to integration that mitigates the many risks that can undercut a deal’s anticipated synergies.
- Attain the highest possible return from divestitures by preparing the asset for sale, running a low-risk carve-out program and shaping the remaining business.
Treasury Management
Our suite of Treasury Management Consulting services incorporates the following:
- Bank Relationships
- Cash Positioning
- Cash Forecasting
- Electronic Fund Transfers
- Internal Control Structures
- Financial Risk Management
- Foreign Exchange
- Risk Management
- Audit / Systems Review
- Treasury Personnel
- Financial Optimization
Change Management
A change management plan can support a smooth transition and ensure your employees are guided through the change journey.
- Clearly define the change and align it to business goals
- Determine impacts and those affected.
- Develop a communication strategy.
- Provide effective training.
- Implement a support structure.
- Measure the change process.
Cash Flow and Budgeting
A cash flow budget is an estimate of all cash receipts and all cash expenditures that are expected to occur during a certain time period. A cash flow budget is a useful management tool because it:
- forces you to think through your operational plans for the year
- tests your sales plans to see if you will produce enough income to meet all your cash needs
- projects how much operating credit you will need and when projects when loans can be repaid
- provides a guide against which you can compare your actual cash flows
- helps you communicate your plans and credit needs to your lender
