The main reason for establishing businesses is to make profits. While it might seem simple on the surface, that is not always the case. Statistics show that 20% of companies fail in the first year, and 50% liquidate after five years.
The reason is not far-fetched, successful businesses take the tie to perform in-depth research, identify potential risks, and create strategies to mitigate them. TTS Consulting helps companies to navigate through all these processes and much more.
We have the expertise and experience required to perform commercial due diligence, which is useful for creating business plans, budgeting, and insight into investment opportunities.
A business needs personnel with a combination of skills to run operations efficiently. Unfortunately, most companies cannot afford the overhead costs of maintaining much personnel on their payroll. So, the most logical solution is to outsource these functions to a reliable company.
Our advisory services are available for businesses right at all stages of growth. We have the expertise and experience required to perform commercial due diligence, which is useful for creating business plans, budgeting, and insight into investment opportunities.
TTS Consulting provides a wide array of services to support systematic financial planning and reporting obligations of companies. We also handle compliance and internal control to mitigate the risks of fraud and illegal financial transactions in your business.
Our team of experienced business consultants supports businesses by developing Standard Operating Procedure (SOP) Manuals for creating a dynamic workplace. All these services are channeled towards mitigating risks and fostering increasing bottom line.
Risk assurance is often associated with accounting practices and is a growing industry whereby internal processes are developed to create a “checks and balances” system. These checks predominantly identify differences between risk appetite and real risk. TTS will assist you in preparing the risk mitigation strategy and risk register.
Due diligence is the investigation or exercise of care that a reasonable business or person is normally expected to take before entering into an agreement or contract with another party or an act with a certain standard of care. TTS is equipped to perform financial and commercial due diligence.
Standard Operating Procedures (SOPs) are written documents or work instructions that detail all of the steps involved in a procedure or process. The SOP development services include end-to-end level mapping of processes and formatting SOPs to your template and organization structures. TTS will assist you in developing these manuals.
Internal compliance means following internal procedures and best practices set forth by an organization, possibly including a requirement that all calls be recorded for risk mitigation or quality improvement processes. Compliance Recording can help achieve adherence to both external regulations and internal standards. TTS will assist in creating these.
Financial forensics is a field that combines criminal investigation skills with financial auditing skills to identify criminal financial activity coming from within or outside of an organization. TTS will ensure integrity is followed in your organization