Holistic Services

Audits are one of the ways to ensure compliance by franchisees. We have deep experience in this space, working with IPO-listed companies for the past 20 years. Franchisee audits lead to larger royalty income, enhanced customer experience, an early alarm if someone is cheating the system and compliance with standard operating procedures. Franchisors need to audit individual franchisees periodically. Franchisees' misbehaviour' comes in several forms. Still, a common complaint relates to jobs done 'on the side' for a customer, often for cash, where the income is neither recorded in the franchisee's books nor declared in its returns to the franchisor to calculate management services fees or royalties. Not only does this reduce the franchisor's revenues, but also probably constitutes illegal tax evasion on the part of the franchisee that, if exposed, presents a risk to the reputation of the franchised brand. There are many other scenarios where the franchisee tries to 'cook the books'. The franchisor audits the franchisee's business and accounting records whenever they wish. The audit is a tool to keep all the franchisees in its network 'on their toes. The experienced team of The KGAC understands the emotionality of the relationship between the franchisor and franchisee, and we are trained to handle it politically and psychologically.

An inventory verification is cross-checking your actual inventory levels against your financial records. It also helps you ensure that your physical inventory matches your inventory system. Look at it this way: if you thought you had Rs.10000 but discovered you only have Rs.9000, you'd be upset. The same applies to your inventory. An inventory audit helps reduce shrinkage. Shrinkage is what you have when your store has fewer inventory items than are listed in your records. The leading causes of inventory shrinkage include shoplifting, employee theft, administrative errors, vendor fraud, process errors and product damage.

Fixed asset management involves tracking physical assets' location, quantity, condition, maintenance, and depreciation. Organizations struggle to accurately record assets, especially during relocation or renovation, leading to financial statement discrepancies. Organizations struggle to accurately record assets, especially during relocation or renovation, leading to financial statement discrepancies. KGAC offers comprehensive fixed asset management services: capturing asset details, asset numbering and tagging, life cycle and maintenance assessment, and cost minimization strategies. Maximize your 45% asset investment with expert management

Management of receivables refers to planning and controlling debt owed to the customer on account of credit sales. Not focusing on receivables management leads to blocking working capital, increasing bad debts, extra-ordinary wastage of time in reviewing & monitoring collection processes and loss of customers. KGAC team aids its client in receivable management. You find outsourcing us leads to 2X faster receivable realization. Our 20 years of personal experience, ability to provide prompt financial clarification to clients' accountants and regular follow-up are some secrets that lead to faster realization.

It ensures the prevention of risks of fraud. Types of internal controls are material movement, vendor bill verification, sales order, dispatch control, control over investments and inventory control. In addition, reviewing the appropriateness of accounting entries and human mistakes.

The processes' inefficiencies are silent killers of performance. An average company runs multiple processes across departments that don't integrate seamlessly, creating room for inefficiencies to hide and hurt business. Evaluating, tracking, improving, and measuring processes is vital. The process efficiency formula is: (value of outputs/value of inputs) x 100. Other key metrics include: Resource efficiency capacity, Labor productivity, Throughput, Resource efficiency, Turnaround time, Profitability, Quality, and Return on investment. The KGAC team helps monitor and improve these metrics.

Corporate advisors provide expert corporate advice across industries. These include ensuring compliance with government regulations and laws, improving the efficiency of certain areas of operations, gaining more productivity from existing staff, improving profit margins and even brand new ideas to improve market share and growth. For example, it can be for Business Valuation, Restructuring and Insolvency, Corporate Finance, Tender Assistance, and Debt Resolution.

Due diligence ensures you have all the necessary information before deciding. Let us suppose you outsource garment manufacturing. Even though you have a quality audit, they can't check all the pieces. When The KGAC is involved, we will the entire process, their suppliers, their financial instruments etc. It leads to a complete investigation and a much more significant percentage of quality production. Due diligence can be Tax due diligence, HR Due diligence, Asset due diligence, administrative due diligence, IP due diligence, legal, due diligence etc.

If your brand is in a fierce market with too many competitors, you will want to ensure fantastic customer service. A mystery audit is a tool used to evaluate customer service discreetly. Our auditors are experts and training. They have been auditing for years now. So we validate the following: Are customers engaged appropriately? Is there adherence to standard operating procedures? Measuring and monitoring customer experience at regular intervals?

The KGAC has a 3PL service. We have our own 75+ scanning devices. Every team members are efficient enough to audit at speed. Per day we scan and audit around 4K SKUs. We are helping major brands with scanning and the reconciliation of physical inventory with system data. We recommend the most productive solution that lands up to be impactful to your clients. Damaged items audit

Data is many industries' most secret and crucial component. Will you not want to get it stolen? The KGAC team is an expert in Information system audit. How strong is your data encryption? How and where are passwords stored? Can that be tracked? How to stop that? That can be a series of questions relating to IS audit. The KGAC audit team can evaluate the complete system and recommend an SOP and preventive actions that ensure data security. We can regularly conduct mystery audits, ensuring adherence to the SOPs.