Business Process Reengineering
With today’s complex business environment and moving away from the simple entrepreneur business to the corporate structure, the need for professional company policies and procedures to govern the relationship of the various processes emerge as the most sought task in business.
Business process reengineering is the analysis and redesign of core business processes by optimizing end-to-end processes and automating non-value-added tasks to achieve improvements in fulfillment, productivity, cycle times, time management, quality, and costs.
Baker Tilly can help achieve your business process reengineering goals through following a three-step process:
Business Strategy Assessment
An objective and comprehensive evaluation of the current state of your most critical processes to achieve a desired future state for your process management.
Business Process Improvement
We perform an analysis beyond the limits of the process itself and establish communication with key personnel to examine all details to gain a full understanding of the back-office operation.
Business Process Transformation
We assist you re-think the way you do business and identify problematic areas in your business process management and devise strategies to improve efficiency, productivity, and service.
Sample of Operational Procedures
Baker Tilly is at the forefront and have helped our clients in the development of various policies and procedures, a sample of which includes:
- Effective organizational structure.
- Financial policies and procedures in line with international accounting standards.
- Human resources policies and procedures in line with local labor laws.
- Revenue generation policies and procedures.
- Procurement policies and procedures to attain favorable purchases terms.
- Costing policies and procedures to control production cost.
- Schedule of authorities' matrix based on a management by exception approach.
Benefits of Our Business Process Reengineering
- Improved cost, service, and speed benchmarks
- Elimination of waste and non-value-added activities
- Increased standardization
- Reduced operating costs
- Increased accuracy
- Elimination of process bottlenecks