Having someone customize business processes so that they perform exactly how you want is a great help. KMK Ventures carefully considers and lays out requirements for any development program because errors cost time and money. We work with clients to perform procedures based on client needs.
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CPA firms require such support to ensure internal control systems’ external third-party checks and balances. Such services include
- Conducting review and preparing documents for audit and assurance services
- Management Information System Reporting that includes Actual vs. Budget financial reporting, Cost analysis reports, and Analysis of financial statements
- Support for accounts payable
- Support for accounts receivable
Large enough to meet all your customised needs.
We base our services on the requirements of our clients. The team provides support to ensure there are checks and balances in a business’s internal control system by a third-party. Some services include the following.
As more customers shift towards electronic payment, you do not want to miss the opportunity to attract and retain business. Our virtual payment system means receiving guaranteed, timely payment, and more consistent cash flow without worrying about missed or bounced checks.
It also saves customers the expense of writing checks. You have greater transaction visibility and can manage cash flow and your business better. Accepting virtual payments makes an impact on a business’s bottom line. Benefits include
- Reduced days sales outstanding
- Streamlined accounts receivable and reconciliation
- Decreased operational costs – less data entry and less paper
- Minimized chargebacks and fraud risks
- Guaranteed payments
In the environment of business today, companies are in tight-ended competition. They have to do more with less. Every business aims to yield the maximum return on investment with the least amount of accounts payable.
There are many ways to free up working capital. One of the strategies should include a remote accounting staffing solutions to manage the accounts payable process. It frees up extra working capital. An average of 48 percent of businesses tends to make 68 percent fewer profits because nearly 62 percent of their return on investment goes to unattended accounts payable.
Common mistakes committed unintentionally include
- Failure to issue purchase orders
- Unconsciously matching items delivered with contractual terms
- Lack of vendor payment visibility
- Lack of efficient operations of accounts payable management
There are many ways to free up working capital. One of the strategies should include a virtual accounting staff to manage the accounts payable process. It frees up extra working capital. An average of 48 percent of businesses tends to make 68 percent fewer profits because nearly 62 percent of their return on investment goes to unattended accounts payable.
A streamlined and standardized accounts payable process organizes the functions. Forgetting tasks and information is a common human tendency. Hiring us is a proactive approach to managing accounts payable.
We make suggestions about creating a business budget to help improve the accounts payable process and late payments. Our team keeps clients updated about bills that need to be paid. They receive a clear record of all transactions. Benefits include cutting costs by eliminating manual checks and improved vendor relationships.
KMK Ventures uses a virtual audit program that supports organizations with management systems certification and assurance programs for efficient audits. The audit is conducted remotely. The value-added, technology-driven approach is an aspect that drives innovation in a global business environment that is rapidly changing.
As businesses expand their supply chains and operations across international borders, it is of increasing importance to have a cohesive approach to sustainability, safety, and quality goals throughout the organization.
Third-party verification of vendor operations and facility involves evaluating process deficiencies, reducing intrinsic risks and cost to a business, while improving working conditions, and ensuring ethical business practices are being used. A remote audit reduces the added time and cost needed to travel to a facility. It allows organizations to maximize their investment in services and gain greater transparency.
Our virtual team analyzes financial statements and creates cost analysis and budget vs. actual financial reports. The most significant benefits include
- Identifying trends across customer, organization, and employee behavior
- Data is accurate and readily available for decision making and solving business problems
- Customized data from all communication channels into a cohesive report
- Anytime access to company data