Financial process re-engineering

We undertake and suggest continuous improvement in the Financial Management of a business unit. We also suggest Business Process Re – Engineering with the ultimate aim of reduction in Cost.

According to Michael Hammer and James Champy (1993)
"The fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in critical contemporary measures of performance, such as cost, quality, service, and speed."

Financial Re-engineering is done for various business reasons and those could be

• Poor financial performance
• External competition
• Erosion of market share, or
• Emerging market opportunities