Business Process Optimization
PRIMARY CONTACTS: James B. Yard CPA, CIA, CISA
The people, processes and technology within organizations and practices are constantly being challenged to increase efficiency and maximize limited resources.
The Schneider Downs Business Process Optimization (BPO) services are designed to assess the efficiency and effectiveness of an organization’s core business processes to ensure best practice opportunities are realized, risks are mitigated and a strong foundation exists for controls. Our team of process improvement specialists are adept in understanding and assessing complex workflows, internal risks and controls, systems functionality and automation opportunities.
Our team of risk advisory professionals assist our clients in optimizing and transforming their core operational, finance and information technology processes. Combining deep industry expertise with repositories of process insights, we act as a strategic advisor to implement changes to the organization structure to achieve cost reductions and efficiencies, while also providing recommendations to better managing risk and strengthen control activities.
Some of the most common triggering events that lead to companies investing in a strategic evaluation of their business processes include:
- Key changes in management;
- Control environment failures or changes;
- Staffing or cost reduction initiatives;
- Recent fraud or misstatement;
- Significant control deficiency, material weakness or concerning management letter comments;
- Untimely or inaccurate operational or financial information to make informed business decisions;
- Implementation of a new system or systems; and
- Acquisitions or divestitures
What does our BPO process look like?
Results include an organizational assessment and dashboard of current state against better practice opportunities, as well as a summary of work performed, global risk overviews, and recommendations to achieve increased efficiency, process improvement and internal control environment enhancements.
Ready to get started?
Contact us to learn more about Schneider Downs Business Process Optimization services.
About Schneider Downs Risk Advisory
Our team of experienced risk advisory professionals focus on collaborating with your organization to identify and effectively mitigate risks. Our goal is to understand not only the risks related to potential loss to the organization, but to drive solutions that add value to your organization and advise on opportunities to ensure minimal disruption to your business.
Explore our full Risk Advisory Service offerings at Risk Advisory Services or contact the team at [email protected].
Learn how we’ve Solved Big Problems For our clients
Big Problem: Company Impacted By Ransomware.
Big Thinking: Restore System On-site And Avoid Six-figure Ransom.
Big Problem: Inefficient Tax Credit Realization.
Big Thinking: Identified A $900,000 Tax Credit, Nearly Twice As Much As Prior Years.
