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  Risk Management

Companies stand to gain substantially by improving their understanding of risk management. Business operations of all sorts and in all companies are fundamentally based on people, processes and infrastructure. Identifying, judging and responding to risks within these operations is critical to the control, containment and mitigation of vulnerabilities and threats to business continuity. IMS leverages risk management techniques developed through competition, best business practices and regulatory developments in financial driven businesses to impart metrics and principles for managing back office operations effectively. IMS' experienced consultants identify the types of risk and potential vulnerabilities that exist in today’s business environment and our clients’ unique operations. Utilizing an industry recognized standard framework for managing risk enables IMS professionals to improve our clients understanding, prevention and response to risk. Through strategic and tactical approaches for identifying, judging and responding to the risks, IMS helps clients invest in successful ventures with greater certainty and reduce the chances of negative business impacts. IMS provided services include:

    Business Opportunity Assessment
    Resource Audit & Evaluation
    Risk Identification & Mitigation
    Business Continuity & Storage Planning
    Policy & Procedures Development
    Voice System Evolution & Migration
    IT Operations Enhancement
    Budget Development & Forecasting
    RFP Project Management
    Implementation Project Management

 

In today’s complex business environment an executive with financial responsibilities could master every aspect of financial management from Auditing to Taxation, understand every detail of every financial operation with the business enterprise and still be an ineffectual financial executive. IMS has learned from experience that it is not just the financial executives’ knowledge that matters but rather it is the extent to which that knowledge is applied throughout that business enterprise to improve business operations. The complexity of the business environment is caused by change necessitating an increased emphasis on analytical methodologies that create metrics for management consumption that depict their business environment past, present and future. There are five major trends in the external environment that significantly impact on business activity:

  The pace of technological change is ever increasing shortening product life cycles (The exponential growth of technology shortens product life cycles).

  The pressure on profit margins caused by competition is continuously increasing; being “second best” is not acceptable.

  The sustained economic growth of the past 50 years has increased the expectation of new opportunities and increased the need for the financial means to participate ever more necessary.

  The continuing development of large-scale business enterprises has resulted in firms being less agile because of their size and decentralized, placing ever increasing importance on planning and control functions.

  The professionalization of investing funds has stimulated the need for analytical methods to evaluate firms and to ensure that these firms demonstrate effective utilization of these investments.

IMS provided services include:

Accounting System Evaluation & Implementation
Analysis & Reporting (e.g., Financial Segment & Metrics Reporting)
Asset Analysis, Control, Management & Procurement
Auditing of Functions, Operations & Organizations
Budget Optimization/ Cost Reduction (e.g., Identifying methodological, processing or organizational changes to accomplish your required business functions in a more cost-effective manner)
Business Planning (e.g., Financial & Operational Restructuring)
Contract Negotiation
Cost Recovery Option Evaluation
Development of System Specifications
Financing and Valuations Analysis (Merger, Acquisition and/or divestiture)
Forecasting
Lease/Buy Decision Analysis
Management (e.g., Audit Support & coordination)
Measurement/Metric Reporting & Analysis
Part-Time Resources
Process Improvement
Systems Analysis

 

Current markets demand emphasis on an increased rate of development to match competitors and to sustain profitability. Integrated Management Services, Inc. provides time-tested approaches to not only retain and optimize existing relationships but also reveals insight into previously untapped resources and markets. IMS will identify who, what, where and how you can make improvements. This is accomplished by recognizing that marketing and sales can be analyzed much the same way manufacturing has been for many years, i.e., by breaking it down into its fundamental parts and then finding efficient methods to perform each unique part of the process. The marketing/sales process has three fundamental components: front-end analysis, back-end processing and measurement. Front –end analysis consists of those steps that communicate the basic product/service benefits message to the marketplace.

These steps are: market analysis, prospect identification and marketing communications. Back-end processing consists of those steps that allow the interest inquiries generated to be converted into closed sales. These steps are: response screening, awareness building, proposal development and contract closing. Measurement is the third component of an effective marketing/sales process. The purpose of utilizing metrics is to be able to constantly monitor and report on the performance of all the individual steps in the marketing/sales process. The measurement process has two components of it’s own. These are: tracking and evaluation. The purpose of the tracking component is to collect and report the performance metrics associated with each individual step. The purpose of the evaluation component is to be able to understand why the performances of each step in the marketing/sales process are “as measured” and to be able to identify the barriers limiting the effectiveness of these steps. IMS consultants will also help promote eBusiness, Public Relations and Collateral Materials Strategy Development. Through intensive analysis of needs and goals, IMS will help develop business strategies to strengthen your exposure and bottom line results.

How to get started? Contact IMS about conducting an audit of your current marketing/sales programs.

 

Partnering with IMS provides you with the assistance, advice and expertise of an experienced financial manager on an as-needed basis. Your business will benefit from the financial consulting services we provide, without the burden of filling a permanent high-level CFO or Controller position. Our personnel will function as a member of your financial management team, with a focus on addressing the scope of problem or opportunity we have been engaged to address. Our approach is totally hands-on, working along side you as an active participant in the process. The advantages to partnering with Integrated Management Services, Inc. are: Professional Involvement, Flexibility, Timely Results and Cost Effectiveness.