Main business scope of financial management consulting company

When it comes to financial management consulting companies, the first impression of many partners is always on top of the global financial management consulting pyramid, such as Deloitte, PricewaterhouseCoopers, KPMG, Ernst & young, etc. Yes, they are the most professional financial management consulting company in the world, but they are not universal, because the price is too high. So how do small and medium-sized enterprises usually seek the help of financial management consulting companies?

There are two kinds of conventional ways: one is to choose the financial management consulting company that adapts to the charging standard, which is much smaller than Deloitte and PricewaterhouseCoopers; the other is to choose the professional enterprise management consulting company, which focuses on re combing and modularizing the financial management to provide services. For example, sap, Oracle and other financial management software companies. So back to the original question, what is the main business scope of financial management consulting company?

In order to understand the main business scope of financial management consulting company, what should we first understand about financial management consulting? From the definition of financial management consulting, we can know that: to conduct a comprehensive investigation and analysis of the financial operation status of enterprises, through a series of methods, to find out the problems in the financial management of enterprises, and put forward corresponding improvement measures to guide the process of improving the financial management of enterprises.

From this, we can infer the main business scope of the financial management consulting company, which can be roughly framed in four aspects: checking statements according to the consulting requirements, finding problems according to the set standards, finding reasons according to the internal relations, and proposing improvement plans according to the strategic objectives. Is it more or less like an enterprise going to see a doctor with its own finance? You’re right!

So based on these four aspects, the business scope of financial management consulting company can be changed to another way of saying, what services can financial management consulting company provide for enterprise financial management? It can be summarized as follows: 1. Building the financial organization structure and training the ability of financial personnel to enhance the leadership and influence of financial organizations
2. Analyze and diagnose the financial management ability and potential risk of the enterprise and provide improvement plan
3. Strengthen the function of management accounting, quantify and analyze business results, and provide support for management decision-making
4. Establish and improve the comprehensive budget management system to ensure the achievement of business objectives
5. Establish and improve the risk prevention system of internal control, sort out and analyze the business process
6. Creating value for enterprises through tax planning
7. Analysis and improvement of working capital efficiency
8. Cost strategy and control of the whole value chain
9. ERP diagnosis and consultation
10. Construction and evaluation of credit control system
11. Establishment and improvement of internal audit system
12. Project investment analysis decision and evaluation management
13. Issue professional management evaluation report and suggestions
14. Financial ability cultivation and professional guidance of senior managers
15. Promote the transformation and implementation of consulting results through special training on consulting contents

In fact, most domestic small and medium-sized enterprises mainly choose the second type of enterprise financial management consulting companies, such as the financial suite of SAP ERP. Through the professional financial management consultants of sap, they sort out the financial problems of enterprises, find solutions, and help enterprises achieve digital financial management or even comprehensive enterprise management. In fact, there are many choices and cases about this. How do you usually choose other small partners? For a more comprehensive understanding, consult the acloudear — SAP partner.

This article "Main business scope of financial management consulting company" by AcloudEAR. We focus on business applications such as cloud ERP.

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