Business Diagnostics
A reliable business diagnostics process is a critical aspect in producing and maintaining good business performance. We distinguish the metrics that help you understand the current bottlenecks in your business and where can you improve efficiency.
Our detailed analysis of your company will highlight your strong points while also revealing issues that are limiting current performance. By comprehensively scanning your operations, we build a picture for future growth scenarios, as well as test the resilience of your business to potential risks. Just as important, we also look at hidden efficiency losses – operational issues that are not openly causing problems, but which are running below optimal performance level.
At the end of the diagnostics exercise, you will have a clear report on how to improve your business performance, providing better returns in the short- and long-term.
Business Process Design/Modeling
The set of activities implemented in your company to achieve your business goals are collectively defined as your business process. The way your business processes are designed can have a direct impact on all aspects of your business, including procurement deadlines, product or service delivery times, responsiveness to client queries, and more.
At Vink Consulting we design processes that are optimal to your business context and needs by personalizing them to your operations, resources and objectives. By streamlining your company’s workflow and removing inefficiencies, we will give your company an operational framework that will put you on track to improving and strengthening your performance.
Business Process Reengineering
Business process reengineering consists of redesigning, in part or in whole, the current approach to operational management within a company. In theory, your business processes should be fine-tuned to keep your company operating at a high level of efficiency. In practice, certain aspects of the business often change over time, and your processes may no longer be optimal for the current stage of your company’s development. Such cases often require a complete redesign and outsider analysis that will identify the areas where your processes need reengineering. Our proposals look at the current needs of your company as well as potential future issues. By using sound data, research and experience we produce reengineered business processes which will facilitate your company’s success, making sure you keep using your resources optimally as you grow.
Business Process Integration
The synchronization of a company's internal units and their harmonization with other divisions or partners is known as business process integration. The connection of these disparate systems into a harmoniously functioning unit is a critical point of tangible, positive impacts on efficiency, cost saving and productivity. The lack of integration in a company is a hidden cost, but at Vink Consulting we make sure you have all the facts. We take the time to analyze how the company’s various units interface among each other or with partners. We run a deep examination of the processes you need to synchronize and integrate as well as those you can automate, internally or externally. This results in a business that is more streamlined, with synergies between business functions and with partners, giving your company a higher profit margin, quicker response time to customers, and other tangible benefits.
MIS System Design/Implementation
Management Information Systems focus on people, technology, organizations, and the relationships among them. A properly collaborated management information system is undoubtedly a valuable resource, providing your company with accurate data and the evidence you need to make both tactical and strategic business decisions more effectively. We design and implement a management information system that measures the metrics specific to your situation and assess your current and potential resources, reflecting both the current reality of your company and the future directions in which you plan to grow.
Software Integration
The process of linking various programming solutions and computing systems into a single unit either physically or functionally is called software integration. Specific business sectors—retail, tourism, hospitality and others—as well as various departments—Accounting, Procurement, Sales, Marketing, Human Resources—may have specific and dedicated software needs, but an isolated software solution for each unit would result in greater costs and lowered efficiency. To help you avoid these types of scenarios we can integrate all your business functions into a single cross-company solution, allowing each unit to have software optimized for their needs while also seamlessly linking them to their coworkers in other departments or external stakeholders.
Solution Development and Adaptation
Solution development and adaptation consists of the creation of new software or the modification of existing programs to the needs of your company. We analyze the business issues to which you need solutions and work together with you to measure it objectively, understand it profoundly, and develop programs or adapt existing software to meet your needs.
User Training
User training is the process of introducing new software to the team members who will be utilizing it, or improving their user skills of an existing software to ensure more efficient application of the solution (Microsoft products included). Onboarding and ongoing training is crucial to making staff comfortable and confident with the new solution, using it optimally to produce results for their business function and the company as a whole. Our expertise is not limited to a particular solution; we can deliver almost any operational software training for your team. We adapt our training material, methods and frequency based on the specific functions and level of responsibility of each staff member, ranging from in-house hands-on workshops, to seminars, demonstrations and computer-based instruction. Recognizing that theoretical training often may not match your team’s practical needs, we avoid one-size-fits-all training approaches and instead structure a learner-centered model that has problem solving at its core
Project Management and Outsourcing
Project management consists of carefully projecting or planning, organizing and controlling resources to achieve concrete goals that meet specific success criteria. Subcontracting on a project basis or outsourcing specific areas of your business processes can result in reduced costs, increased value and greater efficiency. It allows you to pull in external resources for your company on either a short or long-term basis while giving you the freedom to focus your internal resources on priority areas that need your direct involvement. Our outsourcing solutions include specific business functions, and our expertise allows us to also provide a complete project management package. Whether your business is launching a new product, preparing a new campaign, or organizing a big event, you can rely on our expertise to develop and deliver the project from scratch. Vink is also set up to run a situational analysis exercise to calculate whether the optimal solution for your company lies in outsourcing or hiring temporary staff.
Financial System Design
A company’s financial system unites the monetary aspects of all the company’s processes, from initial estimates to post-expenditure costs analyses. This consists of not only computerizing and optimizing accounting systems but, also includes setting up the right team structure and developing optimal job descriptions that feed into a set of complementary and non-overlapping roles. In addition, our financial system design goes beyond your finance team – it contains all the activities that have a direct or indirect financial impact, including decision making processes, authorization levels, communication procedures and more. With our expertise in this area streaming from a variety of business sectors, we can build the system that will consider financial risks, provide relevant controls and produce accurate reports as required by your company.
Financial Reporting
A financial report is a record of the financial activities of a business unit or your company as a whole, however it is more than just a statement of business health. A well-organized and comprehensive report presents your company to your investors and stakeholders as a professional and responsible business entity. Internal financial reports allow you to analyze the results of your activities and decisions on your bottom line, helping you plan future decisions and foresee their impact. Our team has the analytical expertise and communication skills necessary to prepare high quality external and internal financial statements, as well as quarterly and annual financial reports.
Budgeting, Planning and Forecasting (BP&F)
Budgeting, planning and forecasting is a three-step process that outlines a company’s short-, medium- and long-term financial goals. Market results, growth models and cash flow estimates result in calculations that are crucial for the financial health of a company. We work closely with you to understand and, if necessary, improve your budgeting model. We are adept at using any historical data you have available as well as detailing different growth scenarios, so that you can choose the ones that best fit your vision for the future of your company, developing a roadmap detailing your finances over the next three to five years.
Financial Due Diligence
Financial due diligence is the process of investigating a potential new investment, acquisition or partnership to confirm all the material facts related to the transaction, or a specific situation. Our experts will perform a complete audit and examination to analyze whether the financial claims behind the transaction match reality, reducing the business risk for your company. This comprehensive analysis will allow you to make an informed decision about the value of the business proposition and the level of risk in which your company is engaging.