Case Study 1:

Changes to regulatory requirements required our client to develop a range of strategies and documents to comply with the new regulatory changes.

InConsult was engaged to help develop a complete regulatory compliance program within the required timeframe.  Our efforts were later acknowledged by the regulator as ‘one the best’ submissions.  The client requested InConsult continue to work closely with them to further develop and support their risk and compliance efforts.

Case Study 2:

In some business the risk of internal and external fraud is considerable.  One client engaged InConsult to perform a comprehensive fraud risk evaluation.

After gaining an understanding of the business and processes, InConsult identified a series of risks and in conjunction with key staff evaluated the likelihood and potential impact of each risk.  Using the risk management standard, AS/NZS:4360 to assist, we then identified controls that mitigate each of the risks and evaluated the effectiveness of each control.

Case Study 3:

One client asked InConsult to review and test their business continuity plan for adequacy. 

Whilst the business continuity management plan was comprehensive, full testing had not occurred in a proactive manner.  Later, our full disaster recovery test confirmed that in the event of a disaster, it would have take the client up to two weeks to recover its servers instead of 3 days as planned.  In addition, no off-site copies of the plan were available, further increasing the risk.  InConsult upgraded the business continuity plan to meet the Business Continuity Management Handbook (AS/NZS HB 221:2003) requirements and continues to assist the client with periodic testing and business continuity plan upgrades.

Case Study 4:

After experiencing growth by acquisition, one client identified problems with their reconciliation processes.  The growth had increased the day-to-day workloads of finance staff and system mapping issues further increased reconciliation problems.  InConsult was engaged to review the reconciliation processes (over 1,000 accounts) and provide a strategy for resolution.

InConsult conducted an evaluation of the client’s position and redefined the problem by dividing the issues into 3 areas of priority. Priority 1 issues (the large & material issues) were corrected within one month, Priority 2 issues (non-material) were then addressed and finally, Priority 3 issues involved reengineering of the business and reconciliation process to enhance quality, speed and accuracy of reconciliations.

Case Study 5:

Increasing competition and reducing margins required a client to better ‘manage the business by number’ through comprehensive, more relevant and timely management reporting.

InConsult was engaged to implement the ‘DataCube’ reporting system to provide decision makers with access to financial and operational data and statistics.  Today, DataCube is an integral part of the organisations financial management processes used to assess sales and profit performance by customer, region, branch and employee.

Case Study 6:

Steep on the growth curve, a client doubled their turnover by acquisition and was caught short of people with adequate experience and expertise to handle the complex parts of the merger.  InConsult was called in and within a short period of time, a number of financial models were built to complement its transaction system.  InConsult also provided the expertise necessary for a smooth integration of the acquired business.