One of the major challenges faced by business enterprises are Financial Indiscipline or Poor Financial Decision-making caused due to lack of controls of any of the following :

• Budgeting
• Financial Planning
• Cash flow management
• Vendor Management systems
• Accounting Policies & Procedures
• Internal control systems
• Compliance Management

Some of the common examples are

• Improper allocation of resources
• More borrowings than business requirements or borrowings at higher interest rates or at higher fees or charges
• Untimely payment of debts resulting in poor credit scores
• Lack of contingency fund
• Lack of control over cash flow or always facing liquidity issues due to fund diversion
• Impulsive or unproductive expenditure
• Huge overdues in receivables/payables
• Frauds due to mismanagement and misappropriation
• Huge compliance cost due to being unable to meet the mutliple compliance requirements on time

FACTS is 'Virtual' One Stop Solution for all these challenges as our experts shall ensure the business enterprise operates their businesses smoothly and also scale up at their desired level.