Reduced the F&A cost by 90% in 4 years for a strategy and policy advisory firm.

Client ROIIndustryOwnershipManagementNo. of EmployeesSizeProject Duration
A Strategy And Policy Advisory Firm3xSocial Impact ConsultingMNCProfessional50$ 7 million3 month

About The Company

Universal Evolution Advisors (UEA) is a strategy and policy advisory firm. Founded in 2001, the company specializes in global development and has worked with over 400 clients in 90+ countries.

Practus’ Role in Performance Improvement Services

  • To study the current F&A structure of the company – O2C, P2P, and R2R.
  • As-is and To-be process mapping and building a DOA matrix.
  • To build a maker-checker and to provide the finance function team members clear job roles, as per their expertise.
  • Based on the F&A team’s KPIs., to define the F&A organization structure to determine the optimal team size, keeping in mind the future requirements​.

Impact Delivered in Performance Improvement Services

  • Reduced the cost of externally outsourced F&A team by over 90% in 4 years.
  • The proposed F&A structure resulted in an insignificant increase in the operational staff cost​.
  • To avoid legacy issues, when the organizations would shift to QuickBooks for Indian statutory purposes, better control and efficiency core functions like Tally accounting and statutory payments were moved in-house.
  • Reduction in internal staff review time as a result of better quality output​.
  • Clear and precise responsibilities + deadlines for employees to optimize the management’s time, resulting in 20-45% time-saving for the entire F&A team.

See how Practus can assist you in improving your organization’s Performance

*Client Name has been masked for the purpose of confidentiality