There are thousands of complex business processes that companies engage in every day. Most of them have multiple legal and business angles that require effective structure and expertise. Whether the process is a merger, acquisition, or disposition, a corporate advisory firm can help. There are many different types of advisory services available. These include: accounting, taxation, trade finance, and risk management.
Capital raising
If you are in the process of raising capital, a corporate advisory service can help you navigate the process. In addition to advising you on financing strategies, these professionals can offer valuable insights on how to make the process as smooth as possible. These services can also assist you with marketing and operational needs.
The process of raising capital is divided into three phases: planning, timing, and investor demand. During the planning stage, an advisor can evaluate current market conditions, investor appetite, and benchmark offerings. This information can be critical to the process.
Risk management
Risk management involves identifying and managing the risks facing an organization. Different types of risk management strategies can be implemented to reduce the chances of losing money or a company’s reputation. Some of these methods include avoiding risks, transferring risks to other entities, and mitigating their impact. The type of risk management strategy implemented is dependent on the company’s current risk exposure and available budget.
Risk management should be part of an organization’s strategic planning process. It should be a continuous process that adjusts over time to meet the changing risks facing the organization. This continuous monitoring and assessment of risk management will help assure the highest possible coverage for known and unknown risks. The process begins with risk avoidance and moves through mitigation, transfer, and spreading to minimize the overall risk exposure. The various risk management methods are best employed in concert with each other.
Trade finance
The function of trade finance is to facilitate the trade of goods and services. Essentially, it serves as a form of credit with specified terms and conditions. It is often denominated in hard currencies such as USD. In addition, it is transaction-oriented, meaning that it provides the capital for a particular transaction. Typically, trade finance contracts specify the goods to be purchased and the price and payment terms. It does not, however, provide long-term corporate capital.
The evolution of technology has led to a variety of new approaches to trade finance. Some of these new approaches have addressed the shortcomings of legacy processes. Others, however, have created “digital islands” where trading partners operate within a closed system using proprietary technology. While this is a beneficial strategy in the short-term, it can also lead to longer-term disconnects.
Forensic accounting
Forensic accounting can help a business identify and mitigate fraud risk. A forensic accountant will analyze the financial and operational records of an organization to find the areas of concern. They can also recommend internal controls to prevent fraud. As corporate financial scandals continue to plague the corporate world, forensic accounting is essential for an organization’s reputation with regulators and employees.
Forensic accountants are often hired by insurance companies and banks to review disputed financial documents and assess claims. Their expertise is also needed by lawyers in civil and criminal litigation. These financial investigators work on both sides of a dispute to determine the value of disputed assets and determine whether payments by insurance companies comply with policy conditions. They also use computer software and legal documents to identify fraudulent claims.
Skills gap analysis
A skills gap analysis is a process used to determine where gaps exist in the company’s workforce. The analysis is conducted by comparing current employee skill levels to those needed in the job. When gaps are identified, an action plan can be developed to address them. The plan can include mapping the progression in the job family and knowledge levels from entry-level to senior roles. It can also include identifying high-potential employees with specific soft skills.
The results of a skills gap analysis can be used to reskill employees or create learning and development programs. For example, questions regarding the mission and business goals of the company can lead to conclusions about the skills needed to meet those goals. Some companies also use this tool to redesign job roles.
Cost management
In many ways, cost management is part of corporate advisory. It helps companies manage costs and improve their capabilities. It involves rethinking common practices, and achieving a fine-grained view of costs. The cost-management strategy should be based on achieving the desired business results.
Cost management is crucial to the success of any project. It helps companies avoid overruns, and helps them secure resources for future projects. For example, a remodeled office building requires hiring an architect, paying for building materials, and negotiating hourly rates for construction workers. It is essential that the project manager creates a realistic budget that covers all these costs. A detailed cost analysis helps to avoid overruns and errors in forecasting. The budget should also include a risk allowance for unforeseen expenses. 법인전환