Management Consultancy Service

Management consultants assist organizations in planning and executing projects with the goal of becoming more profitable or competitive. To achieve this objective, the consultants can recommend a range of strategies to change the structure or operating method of the organisation, which will lead to greater profits, better systems and improved efficiency.

Management consultants collaborate with company executives to assess the company, identify problems, gather data, and implement solutions. It’s not just private firms – many public institutions use management consulting to improve their practices and efficiency. The consultant’s basic role is to provide their client with an audit of current procedures, recommendations for improvement, and an action plan for implementation. They may be hired by a company to advise senior management on a specific project or, more broadly, on the structure and practices of the company.

 

Management consultants often provide expertise in tax planning, helping organizations navigate corporate tax obligations and optimize their strategies for handling capital gains tax. This comprehensive approach ensures that all aspects of the company’s financial and operational practices are enhanced for maximum efficiency and profitability.

BSC offers a wide range of Management Consultancy services, including:
  • Research the client's business challenges and technologies to better understand their needs.
  • Examine internal client company data such as financial statements, payroll data, or existing computer systems.
  • Outline the scope of the work, as well as identify and map out schedules, milestones, and resources needed to meet project objectives.
  • Determine and communicate the work product or results that will be delivered to the client at the end of the project.
  • Provide any required training classes for employees at various levels;
  • Work tactfully to inspire faster adoption, greater utilization, and higher proficiency by employees regarding new ways of operating as a result of consulting project outcomes.
The BSC approach is both structured and nimble, allowing it to assist clients at various stages of their life cycle. Our credentials in a variety of industry sectors reflect our success in comprehending the business context. BSC, as an independent advisor with extensive knowledge and experience, can assist you in achieving today what you have set out to achieve tomorrow. While our professionals can offer a variety of options to meet our clients’ needs, we also have customized approaches to specific performance and technology-related business challenges.

CFO services are your one-stop shop for offloading your accounting and finance functions to a single person or firm. It enables the delivery of financial services such as bookkeeping, accounting, payroll management, payables management, receivables management, tax filing, taxation, regulatory Tax compliance management, secretarial services, financial advisory, outsourced budgeting, and MIS reporting in a streamlined manner.
Our CFO services are designed to assist CFOs in developing their finance target operating model strategy, and they include:

  • Managing all aspects of accounting and finance.
  • Raising/ Restructuring of Bank Loans.
  • Obtaining Private Capital.
  • Assistance in communicating with potential acquirers, targets, or collaborators.
  • Management of cash flow and costs.
  • Designing, improving, and documenting business processes.
  • Assisting in the provision of operational support.
  • Reporting from the board and management.
  • Budgeting, forecasting, financial analytics, and sensitivity analysis.
  • Establish, maintain, and improve governance guidelines.

BSC’s CFO services are intended to assist your organization in developing and optimizing your finance target operating model, as well as modernizing the office of the chief financial officer. We assist finance leaders in establishing themselves as experienced professionals within the organization by combining our extensive finance and accounting knowledge with a holistic view of your organization, including digital and business transformation services, to increase overall business value.

Working capital is a metric that measures a company’s efficiency and short-term financial health. Working capital management (‘WCM’) refers to decisions about working capital and short-term financing. WCM is a business tool that assists companies in making effective use of current assets, allowing them to maintain adequate cash flow to meet short-term goals and obligations. Companies can actually free up cash that would otherwise be trapped on their balance sheets by effectively managing their working capital. As a result, they may be able to reduce their reliance on external borrowing and think about expanding their businesses.
As part of our service, we assist businesses in organising and establishing the systems and processes required to improve working capital management.
The following is a list of some of the activities we engage in:
  • Initiating working capital benchmarking exercises to compare performance to peers and identify potential areas for improvement.
  • Setting benchmarks and analyzing receivables and payables cycles.
  • Assisting in the establishment of working capital lines with banks.
  • Creating a detailed cash flow forecast and monitoring system.
  • Identifying the scope of areas where cash flow cycles can be improved.
  • Providing more favourable payment and collection terms.
  • Creating an escalation procedure.
  • Assist in the implementation of long-term working capital reductions through robust, efficient, and collaborative processes that focus on key levers.
  • Developing and implementing a “cash culture” within the organization, in which the trade-offs between cash, cost, and service are evaluated and optimized.
BSC has a dedicated working capital team that can assist our clients in identifying the key drivers influencing working capital. We collaborate with our clients to develop and implement tailored strategies to free up cash held in working capital and generate long-term benefits.

The term “cyber security” refers to the set of technologies, processes, and practises that are designed to protect networks, devices, programmes, and data from attack, damage, or unauthorised access. Information technology security is another term for cyber security. Organizations transmit sensitive data across networks and to other devices in the course of doing businesses, and cyber security describes the discipline dedicated to protecting that information and the systems used to process or store it.
As organisations mature technologically, they become more vulnerable to an expanded attack surface and sophisticated cybersecurity risks. Businesses must arm themselves with knowledge of the flaws in their IT infrastructure.
Vulnerability management is one of the most important aspects of dealing with the resulting business risks of revenue, reputation, and productivity loss. Most organizations are struggling to prioritize and remediate the most exploitable vulnerabilities. A robust and efficient Vulnerability Management programme that ensures risk-based coverage, quality of closures, and rapid risk reduction across the IT landscape is required.

At BSC, we provide the following services to shield organizational privacy and reduce cyber risks

  • Assist clients in designing and implementing security programs and capabilities to better manage cyber risks that are aligned with business priorities.
  • Facilitates client data privacy and protection across the data life cycle.
  • Integrate cyber security and compliance activities to enable the design, build and deployment of secure applications.
  • Assist clients in managing their risk and exposure by assessing, strategizing, architecting, implementing and managing next-generation solutions.
  • Analyze and assist the methodologies to the client in controlling who has access to the sensitive organizational data.
  • We help clients to understand the potential risk and opportunities.
Strategic consulting, also known as strategy consultancy, strategic advisory, or boardroom consulting, is regarded as the most “high-end” and prestigious segment of the professional services industry. A strategy is defined as “a plan with the aim of achieving long-term goals,” and organizations frequently hire strategy consultants to help them develop and implement business strategies. The strategy consulting domain is concerned with assisting private sector clients in developing corporate, organizational, or functional strategies, as well as assisting public sector organizations and institutions with economic policies.
At BSc, we assist our clients in;
  • Defining company markets.
  • Identifying industry trends and.
  • Creating strategies for improving performance and revenue.
BSC as a Strategy consultants provide unbiased advice to organizations on high-level decisions, leveraging deep industry knowledge to achieve the best results. It is a type of Management Consulting that entails advising at the highest level of a company. BSC helps clients with a wide range of strategic issues. Our approach is collaborative, but analytically rigorous, and is supported by a solid financial plan.
 

Private Client Service offers personalized financial and investment solutions tailored to meet the unique needs of high-net-worth individuals and families. Our services include wealth management, tax planning, estate planning, and bespoke investment strategies. We prioritize confidentiality, expertise, and a deep understanding of our clients’ goals to provide comprehensive and customized financial advice. Our dedicated team ensures that every client receives the attention and tailored solutions necessary to manage and grow their wealth effectively. Additionally, we assist in navigating tax exemptions, managing taxable income efficiently, and maximizing tax credits to enhance overall financial well-being.

This service includes supporting accounting, payroll and regulatory functions of the business, so that Clients can focus on their business. This can briefly be divided into the following services:

Managed accounting solutions
  • Helping and assisting in accounting and accounting systems and protocols and maintaining books of account.
  • Assisting clients in solving complex accounting transactions.
  • Advising clients on tax effectiveness and efficiency.
Statutory Tax Compliances

Preparing details and workings for TDS, Advance tax, GST, Provident fund, ESIC, Profession tax, etc. and making timely payments and filing returns within the respective due dates to avoid interest and penalties.

Secretarial Services

With a secretarial service in place, a company can be assured that there will be the timely completion of the statutory filings because a default in them can lead to serious consequences like fine, legal battle even imprisonment. The company can be free from these problems because secretarial service takes care of all these legalities and compliance issues.

Payroll Management

Preparing monthly payroll register with deduction of TDS and other statutory dues and payroll processing.

Vendor payment & banking transactions

Handling banking transactions on behalf of clients – making vendor payments, statutory payments, etc.

Vendor and customer accounts reconciliation

Co-ordinating with the parties of the clients for providing ledgers and reconciling the accounts on periodic basis.

Cash flow and working capital management

Managing cash flows and working capital of the Clients

MIS Reporting

Providing MIS report on periodic basis to the Management for decision making. Business managers at all levels of an organization, from assistant managers to executives, rely on reports generated from these systems to help them evaluate their business’ daily activities or problems that arise, make decisions and track progress.