An 9001:2008 Certified Organisation

Risk Advisory

At Ruchi Anand & Associates, Risk Advisory practice works go hand in hand with clients to assist in the management of risk and the achievement of strategic business objectives through proper internal control systems. Our professionals provide the value-added risk management capabilities that are the need for mitigating business risk, support business strategies and continuously improving operational performance.

Our professionals help in managing the risks and achieving their business objectives, so all our Risk services are connected with this expectation.

To save from the future risk, it is vital to manage the risks that companies face, in this regard er help our client by:

  • Identifying what their key risks are
  • Finding their probability and impact on business drivers
  • Structuring the program and step-wise actions to mitigate the risk

We help you to achieve a high-functioning, integrated risk and control environment that will:

  • Help you decrease complexity and cost
  • Improve performance
  • Protect your existing assets

Our Risk Advisory Services

  • Compliance and regulatory risk
  • Contract risk services
  • Business process enhancement
  • Fraud prevention
  • Technology advisory

Compliance and regulatory service

First we study the compliances applicable on the entity and chart out the risk associated. By advising to our client as to which compliances if not completed, would give rise to potential legal or economical risks and help them in assessing the extent and impact of such a risk.

Contract Risk:

We help companies manage their contractual rights and obligations with third parties in most effective manner and help them analyze the benefits and foes in that.

We help our clients in streamlining and standardizing contract management processes so that risk exposure is reduced, and cost management is done in a better way and enables better visibility to commitments on both the buy and sell side.

Business Process Reengineering

At Ruchi Anand & Associates, we believe in time and motion theory as we see many a benefits arising from time management.

Business process reengineering (BPR) is the analysis and redesign of workflows within and between enterprises in order to optimize end-to-end processes and automate non-value-added tasks.

The concept of BPR was first introduced in the late Michael Hammer's 1990 Harvard Business Review article and received increased attention a few years later, when Hammer and James Champy published their best-selling book, Reengineering the Corporation. The authors promoted the idea that sometimes-radical redesign and reorganization of an enterprise is necessary to lower costs and increase quality of service and that information technology is the key enabler for that radical change.

We give our best to provide controls optimization and business process enhancement achieve reliable results and continuous optimization of their operations by. Basically Business Process Reengineering is breaking down the business process into group of small activities and try to restructure the whole process in such a fashion that ends in maximum results for the organization as a whole.

Below are some of the major principles of the Business Process Reengineering we believe and work with:

  1. Organize around outcomes, not tasks.
  2. Identify all the processes in an organization and prioritize them in order of redesign urgency.
  3. Integrate information processing work into the real work that produces the information.
  4. Treat geographically dispersed resources as though they were centralized.
  5. Link parallel activities in the workflow instead of just integrating their results.
  6. Put the decision point where the work is performed, and build control into the process.
  7. Capture information once and at the source.
Corporate Governance

Corporate governance refers to the set of systems, principles and processes by which a company is governed. They provide the guidelines as to how the company can be directed or controlled such that it can fulfil its goals and objectives in a manner that adds to the value of the company and is also beneficial for all stakeholders in the long term. Stakeholders in this case would include everyone ranging from the board of directors, management, shareholders to customers, employees and society. The management of the company hence assumes the role of a trustee for all the others. Scrutiny is important issue when looking at corporate governance concerns and vital issues belonging to it. Corporate Governance is ruled first with organizational values and principles, then Governance Principles and structure & reporting. Having a clean image on the corporate governance front could also make it easier for companies to source capital at more reasonable costs. Unfortunately, corporate governance often becomes the centre of discussion only after the exposure of a large scam.

First thing is to judge that organization has a proper culture of corporate governance in place. We have expertise that helps by conducting assessments about corporate governance and by providing design and implementation services. We strive to help you in developing policies and procedures, monitoring structures and educate and review programs to support proper corporate governance.

Risk Management & Internal Audit

We suggest clients to implement a designated risk management which should be practical and on the other hand technical but cost effective. To support this, we assist them with risk specific audit services and our pro methods of functioning in building a risk proof environment. Some of the enterprise risk management and internal audit services that we provide include:

  • Strategy writing
  • Implementation
  • Risk assessment
  • Review of governance
  • Internal audits
Fraud Detection ~ Prevention

Frauds are unavoidable risks and the measure at which the firms are exposed to it can decide the steps to plug those risks. Be the organization a big one or one at a small level, fidelity issues can exist and become parasitic. Before such frauds charge your organisation big, one must take an advance step for prevention.

We provide you with a program that can first calculate such risks and detect the fraud if any already existing. Then the forward steps to plug it for long or may be forever.

It takes a deep analysis and insight of overall functioning, structure etc. to chalk out the possible risks a company is exposed to. After such draft of risks and a good co-operation from client, we can prepare a good anti-fraud program. An anti-fraud program can certainly help an organization identify, remediate and monitor the specific risk factors that set the stage for fraud.

Information Technology Consultancy

Information technology (IT) is backbone of every business now. It is power that can effectively contribute to your business enhancement of used properly. Many a times it is difficult to know correct type and quantum of IT infra. Technical professionals at Ruchi Anand & Associates are experts in providing risk-based IT consultancy that helps you to keep IT infra effectively. We help you in below manner:

  • What when where and how of IT Infrastructure
  • Consultancy for using types of software
  • Consultancy related to risks of IT infra