value creation Archives - Virgil Bethanie

06/04/202310/04/2023

Agreed-upon procedures engagements create significant benefits for businesses

Agreed-upon procedures (AUP) engagements drive the creation of significant value for businesses and organisations. AUP engagements provide credible information and insights to the management that will enable it to make optimal data-driven decisions. Therefore, uncertainty is significantly reduced or eliminated in the decision-making process.

AUP engagements are flexible and can be tailored according to the needs and requirements of the client. The engagements focus on individual items of financial and non-financial subject matters. The AUP are agreed up-front with clients.

AUP engagements are conducted in accordance with the International Standard on Related Services 4400 (Revised) – Agreed-Upon Procedures Engagements as well as best practices relating to the field of work.

06/02/202325/11/2023

Data insights leverage the survival & growth of SME’s

Visualization of data insights enhances understanding.

Insights derived from data and information drives business and organisational success, enables effective and efficient problem-solving and decision-making. Data-led decisions produce better outcomes for all stakeholders including small-and-medium-sized businesses (SME’s).

To thrive in this new digital economy, data and the proliferation of information must be strategically harnessed and utilised to drive more informed decisions that create sustainable value for customers, employees, shareholders, investors, and other stakeholders. It also increases chances of raising finance from lenders and obtain credit from providers of credit.

Business challenges and activities

Organisations and businesses including SME’s continually experience a range of challenges, problems and/or obstacles. These challenges and obstacles make it difficult for these entities to achieve its organisational, operational, strategic and/or financial goals. Examples of such challenges include:

17/12/202131/03/2022

Managing risk in small-and medium-sized enterprises (SME’s) has many benefits

Managing risk in SME’s creates long-term value

Managing risk in SME’s enables them to improve performance, accelerate growth and create sustainable long-term value. In addition, SME’s can also minimise losses and avoid catastrophic disruptions if they manage risk effectively and efficiently.

All businesses and organisations implement strategies to achieve its goals and objectives. The achievement of such goals and objectives produces many benefits such as inter alia:

20/09/201731/03/2022

Reputation can make or break a business

It is important for any business to have a good reputation in order to be trusted by its stakeholders and vice versa. A good reputation enables a business to survive in the short–term and grow in the long-term.

A business’ reputation is the single most important driver of value. If a business’ reputation is tainted, its revenues and market share will undoubtedly be affected negatively.

Benefits of a good reputation

A good reputation drives long-term value,
Continue reading “Reputation can make or break a business”