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Our associates aid start ups with support that makes it a trouble free experience to grow a business during its initial years.
Such support includes:
- Comprehensive regulatory compliance with all registration processes
- Laying basic accounting and reporting systems and managing them in the initial years
- Audits and statutory filings, as may be required.
- Advisory services on matters pertaining to their business plan, fund planning, scale, etc which are mostly rendered as a value add for no additional cost.
Over the second year this support transitions into advising and building a model suited to the client’s growth plans; Innosolv continues to manage the business environment, systems and processes while ensuring processes outside our purview are managed by reliable and proven service providers.
Small and Medium Businesses
Innosolv will help you meet the following challenges and requirements, through the role we play and our solutions.
- Fill the gap in Mid-level management, process and technology expertise. A business may be built with a clear vision and a strong concept / product; but promoters find it challenging to build the team to translate such vision into reality. This is the crucial link that should exist between the owners/management and first level employees.
- Centralised control of locations and resources. A growing business quickly reaches the point where managing multiple locations with a large resource base become distinct and critical function. When pursuing growth becomes a necessity to cover rising costs and maintain margins, it’s hard to pay attention to these areas leading to a loss in control and visibility.
- Institutionalization/standardisation of processes. A Business may evolve ingenious processes, which were devised by its owner to survive and grow in the environment in which the business took roots. However these processes create a dependency on personnel, the process owners, and in a multiple location scenario lead to risks of integrity and resource attrition.
- Adoption of Best Practices and Processes. Implementation of global industry standards, best practices and technology solutions requires the precaution of evaluating their suitability and benefits in advance, coupled with planning flexibility into such change to accommodate dynamic business requirements of the future.
Large businesses mostly have stable systems and processes. However, continuous monitoring, review, and adaptation is necessary as requirements always change. Innosolv draws upon the rich experience of its personnel, with careers in similar environments, to build teams that can meet client specific objectives.
- Our familiarity with the corporate environment and working methodologies, including widely used enterprise applications, is a key asset in building strong teams in a short span of time.
- Our understanding of company stakeholders’ expectations, such as investors, auditors, etc, is key in helping the management meet them consistently.
- Our ability to build a team with suitable skill sets, personnel with cross functional expertise, aids significantly in delivering client requirements with quality.
- The option of maintaining dedicated teams for clients’, year on year, means a saving in bandwidth of highly skilled resources for our clients, while bringing stability to the knowledge base addressing attrition risks.
- The independence and professionalism that we maintain as an external team has been acknowledged by many of our clients, especially for the unbiased and constructive feedback we offer.