About

ABOUT US

ABVS provides a complete range of customized services to meet the needs of each client. Its expertise, combined with modern Technology of accounting software and web-based communication, saves client’s time and money. This combination simplifies investor communications, financial reporting, and compliance, eliminating the need of cumbersome and expensive software installations and updates at client’s shore.

For ambitious SMEs, ABVS provides integrity and professional excellence in Financial Consulting. Succeeding through uncompromising quality and industry through leadership, our aim is to help clients rethink, re-engineering, automate and scale their companies in the pursuit of business eminence. Lack of sound financial planning and effective management have always been fundamental reasons for the failure of businesses. So it becomes expedient to have erudite CFO who keep financial issues in tacked and controlled.

As new and younger company cannot effort to appoint an appropriate qualified professional to navigate this facet of their business, but at the same time it cannot afford to be without technical financial skills that one could offer, Now here ABVS offers the solution – the business service by ABVS tailored to your needs.

WHY MANAGEMENT CONSULTANCY

Running a business takes time and effort, a lot of blood, sweat and tears. Add to that the challenges of keeping up with changing technology, evolving customer requirements, new regulations and competition, employee issues; well, it’s almost an endless list on the road to get the results and success you strive for.

Instead of trying to do it all yourself, or hire employees who you hope will be able to do it for you, why not hire a consultant who has the expertise and experience to get your business on track? Here are some reasons why you should think about hiring a business management consultant.

1. Expertise in Business Management

A business management consultant focuses on your existing business operations and how to improve them. Those consultants who have been consulting for some time have worked with many different companies that have gone through the same issues as your business, providing them with the expertise to offer the best solutions.

2. Objectivity

As the owner or manager of your business, you likely can’t see the forest for the trees. You’re immersed in the daily operations of the business, so it’s difficult for you to focus on the cause of an issue to reach a resolution. A business consultant can look at your situation objectively, without prejudice or get caught up in the personal or political aspects of it. They can analyze the facts and offer solutions without getting sidetracked. The business consultant has probably helped other companies work through similar situations, so they can draw from that experience to benefit your business.

Because consultants are objective parties, they’re able to compile all of the data necessary to make the best-informed decisions. By having all of the right data, you’re able to get complete transparency into your business, and how it impacts your role and bottom-line.

3. Availability of Resources

The “business” of business management consultants is to help other businesses succeed. That’s it. They don’t need to worry about the day-to-day tasks of hiring and firing people, maintaining supplies and equipment, deadlines, etc. Business consultants focus on how to improve your operations in order to run more efficiently and get better results. Of course, they look at all the different pieces of the puzzle, but only to collect and analyze the facts and provide solutions.

Because they serve many clients with the same issues, business management consultants already have at their disposal a plethora of tools and processes that they can use to evaluate business operations. This precludes the need for you to hire employees in-house or purchase tools required to perform the necessary analysis, technology and expertise.

4. Best Practice

Business Management Consultants stay abreast of the most current changes in business operations, regulations and technology. Because they work with multiple clients experiencing similar issues, they can recognize common attributes of effective solutions, applying lessons-learned, as applicable.

5. Save Time and Money

Of course, hiring a consultant will likely save you time by taking on some of the business management functions. But you may think that saving money by paying for a consultant is counter-intuitive. Let’s look at why that thinking is inaccurate.

Hiring a full-time employee with the hope of getting the same results can backfire. Employees are a considerable investment, what with the cost of recruitment, benefits, training, salaries, etc. And what happens if that employee doesn’t work out?

Conversely, hiring a dedicated and experienced consultant may be a greater up-front investment, but you’ll save money in the long run and get more for your money than giving the task to an inexperienced amateur. You’ll get the job done right the first time and only pay for as much and as long as you need them.

WHY OUTSOURCING

ABVS has the ability to serve the clients in Accountancy, Finance Management and Taxation efficiently and effectively to carry them at the horizons of achievement of their goals and objectives.
ABVS works with its clients to ensure that it plans the most efficient, cost-effective approach for assessing needs and addressing concerns. Before beginning any work, ABVS prepares an engagement letter outlining the services, scope, limitations, fees, billing arrangements, and all other important terms of the engagement.

Persistently working toward continuous improvement, and stretching potential is continuing process which we ABVS’s core team emphasized of. ABVS develops models and tools that serve to identify client’s specific requirements and cater to address them in most effective and efficient manner. ABVS believe that this represents its main competitive edge, and as such it strives to constantly upgrade and fine-tune these methodologies to remain in line with local and regional business environments.

Clients that partner with ABVS gains numerous benefits:

1. Eliminated staff or Headcount challenges by utilizing the experienced ABVS’s professionals.

2. Reduced costs and improved quality by capitalizing on specialized services by Experts.

3. Direct Deposit through efficient Payroll processing.

4. Reduced Compliance and administrative burden through efficient and tested practices.

5. Saving up Process time.

6. Avoiding reconciliation worries related to Financial Institution.

7. Staying informed with up to date accounting status.

8. Focus on Revenue generation instead of worrying about issues emanating from accounting processes and systems.

9. Minimizing the Risk

WHY ASSET MANAGEMENT

Keeping track of the assets of the company is an important task that can save companies money and time. Asset management is the process of maximizing the assets of the company to provide the best returns to stakeholders. More often than not, it involves asset recovery as well. Businesses have a wide range of assets that include fixed and liquid assets. It is important for a business to be able to manage its assets, and use them to get the maximum possible returns. Below are few reasons how asset management can be benefit from Asset Management.

1. Allows the company to keep track of all assets. Asset management allows the organization to keep track of all their assets. It can tell where the assets are located, how they are used, and when changes were made to them. The data from the asset management solution can ensure that asset recovery will lead to better returns.

2. Manage assets from different locations in an accurate and effective manner. The company can easily create an inventory report that might be required by some insurers or lease financiers.

3. Asset management can also be used to make sure that the amortization rates are accurate. Regular assessments of the assets will ensure that the financial statements of the business are accurate.

4. Asset recovery is automatically reflected in an asset management system. Once assets are scrapped or sold, the said assets will be removed from the records and books of the business. Related assets, such as consumables and spare parts, are written off or sold to free storage space.

5. You can save money on maintenance. During the operational phase of the life cycle of the asset, a company can face under maintenance or over maintenance problems. Maintenance is a business expense that can cut into the profits of the company. Overdoing it can bring significant costs. On the other hand, under-maintenance can lead to reduced productivity.

6. It brings more efficient operation. Asset management allows an organization to understand the capabilities of its assets, and how they can be operated in the most effective manner.

7. Allows the implementation of a risk management plan. Asset management also includes the management of the risks connected with the use and ownership of the assets. Proper assessment of the assets can help to identify the risks involved and come up with a solution to avoid them.

8. Proper asset management can help optimize your operations that include the planning, resources use, and in the implementation of the management program.

9. Removes ghost assets in your inventory. There are times when items that have been lost or stolen are still in the inventory records. These are known as ghost assets. More often than not, ghost assets were items that have been inaccurately recorded.

10. With the use of asset management system, incidents of thefts are lowered. Proper accounting of the asset recovery process will ensure that the company maximizes the returns with no items lost during the process.

WHY INTERNAL AUDIT

People often ask, is internal audit necessary? What if we’re a smaller organization, should we be spending our already limited resources on an internal audit program? If your clients depend on you to provide efficient, compliant, and secure services, then the answer is a resounding “yes”. Internal audit is an important function of any information security and compliance program and is a valuable tool for effectively and appropriately managing risk. Are we ensuring we are doing what we say we’re doing? Are there gaps in our policies and procedures? Areas for improvement? Are we meeting our compliance goals? These important questions are addressed through an internal audit.

The role of internal audit is to provide independent assurance that an organization’s risk management, governance, and internal control processes are operating effectively. Internal audit is conducted objectively and designed to improve and mature an organization’s business practices.

Internal auditing provides insight into an organization’s culture, policies, procedures, and aids board and management oversight by verifying internal controls such as operating effectiveness, risk mitigation controls, and compliance with any relevant laws or regulations.

Internal audit programs are critical for monitoring and assuring that all of your business assets have been properly secured and safeguarded from threats. It is also important for verifying that your business processes reflect your documented policies and procedures. Here are few reasons that Internal Audit is important:

1. Provides objective insight

You can’t audit your own work without having a definite conflict of interest. Your internal auditor, or internal audit team, cannot have any operational responsibility to achieve this objective insight. In situations where smaller companies don’t have extra resources to devote to this, it’s acceptable to cross-train employees in different departments to be able to audit another department. By providing an independent and unbiased view, the internal audit function adds value to your organization.

2. Improves Efficiency of Operations

By objectively reviewing your organization’s policies and procedures, you can receive assurance that you are doing what your policies and procedures say you are doing and that these processes are adequate in mitigating your unique risks.

By continuously monitoring and reviewing your processes, you can identify control recommendations to improve the efficiency and effectiveness of these processes. In turn, allowing your organization to be dependent on process, rather than people.

3. Evaluates Risks and Protects Assets

An internal audit program assists management and stakeholders by identifying and prioritizing risks through a systematic risk assessment. A risk assessment can help to identify any gaps in the environment and allow for a remediation plan to take place. Your internal audit program will help you to track and document any changes that have been made to your environment and to ensure the mitigation of any found risks.

4. Assesses Controls

Internal audit is beneficial because it improves the control environment of the organization by assessing the efficiency and operating effectiveness. Are your controls fulfilling their purpose? Are they adequate in mitigating risk?

5. Ensure Compliance with Laws and Regulations

By regularly performing an internal audit, you can ensure compliance with any and all relevant laws and regulations. It can also help provide you with peace of mind that you are prepared for your next external audit. Gaining client trust and avoiding costly fines associated with non-compliance makes internal audit an important and worthwhile activity for your organization.