Auditing and getting the money back case study:
Founded in 2017, this client has grown rapidly by partnering with Key Companies in the sector, such as Visionstream, Lendlease, and Broadspectrum.
With a strong and successful focus on growth, the business had developed beyond its capacity to support it, with no solid management process and systems in place, the Company could not cope with the time-consuming process of managing and carrying out works in multiple job sites throughout the day and also process its claims.
Issues identified:
– High employee turnover;
– Poor resources and system in place;
– Inefficient Internal Process and weak Internal Controls.
Simplify Business Achievements:
– $ 2M identified and received as a result of auditing the currents contracts;
– Implementation of improvements on internal control and process, eliminating losses;
– Implementation of Financial Reports, providing a deep understanding of the Company`s Financials to the Leadership;
– Implementation of Project Management software.
Conclusion
Simplify Business worked with the Client for over 7 months, implementing and improving the process, also caring out the internal audit process, where were found the 2 million dollars.
We helped the Client to receive 90% of the found amount, which increase the company’s turnover by 20%.
Check out other Simplify CUSTOMER CASE STUDIES.