The Ngine Room
Keeping business running efficiently

Diagnostic Reports

Our diagnostic reports evaluate areas of your engine room to identify where improvements can be made to deliver improved service, reduce cost and deliver efficiencies. Each report is delivered with a road map and guidelines as to how to action the recommendations.  For the more time involving and complicated we can help deliver the improvements.

In order to provide these reports to you we would spend time reviewing your data and interview a few key people. 

The reports we offer are listed below and the cost for these reports are dependant on the size of your business. We are confident that the reports we produce will deliver great savings or value to your business than we charge for them. Please get in contact to discuss these in more detail.


HR policies and Processes 

The goals of this report are to

  • Ensure legal requirements are met
  • Mitigate against risk by ensuring clear and relevant communication is in place for all employees  
  • Improve efficiencies within the team
  • Identify any employee benefits which will be cost effective

Areas to be reviewed and assessed: 

  • Employment contracts
  • HR policies
  • Standard terms of your PSL with recruiters and their fees
  • Legal requirements
  • Documentation process
  • Grievance and disciplinary procedure
  • Performance mangement procedure
  • Holiday system
  • Payroll process
  • Review of staff benefits 

Procurement and Best Practice Purchasing 

The goals of this report are to

  • Improve efficiencies within the supply chain process
  • Identify best in class suppliers
  • Reduce risk within the supply chain
  • Save money
  • Increase value to clients
  • Ensure best in class purchasing

Areas to be reviewed and assessed: 

  • Standard trading terms and conditions 
  • Terms of your PSL
  • Review of policies mandated to suppliers
  • Purchasing policy and process from order to payment
  • Supplier contract review
  • All supplier spend - Overheads and Direct Cost of Sales

working capital 

The goals of this report are to:

  • Improve your cash position
  • Improve efficiencies within the team / process
  • Reduce costs / wastage of expenditure
  • Increase team motivation
  • Reduce financial loss and legal risk within the process
  • Deliver improvements in your banking systems / relationship

Areas to be reviewed and assessed: 

  • Process and system from estimate submission though to invoice payment
  • Process and system from ordering goods or services to payment to supplier
  • Accounts payable and receivable team structure
  • Review of expenses processes and policies 
  • Review of items that could be leased and/or capitalised 
  • How to improve your cash position 
  • Banking relationship / processes

cashflow forecasting 

The goals of this report are to:

  • Deliver a greater understanding of your short and long term cash position
  • Identify ways to improve your cash position and forecasting
  • Deliver efficiencies within your cashflow 
  • Reduce risk of problematic cash positions.

Areas to be reviewed and assessed: 

  • Short-term cashflow template
  • Long-term cashflow template
  • Debtor collection forecasting process
  • Creditor direct and indirect payment forecasting process
  • Analysis of all tax payment processes 
  • Understanding timings of all payments
  • FX management.

Management AccountS

More details soon - In essence this will be a review of your P&L, Balance sheet and reporting methodology around this to identify how to improve your margin and to ensure accuracy and reliability of reporting. 


legal 

The goals of this report are to

  • Ensure full legal compliance  
  • Clear guidelines to ensure ongoing legal compliance
  • Improve legal templates for ongoing business
  • Reduce risk

Areas to be reviewed and assessed: 

  • Company structure and requirements thereof
  • Client and Supplier standard terms of business
  • Review standard agreements EG. NDA, client contract template

Storage 

The goals of this report are to

  • Reduce Storage Requirements 
  • Improve access to stored items
  • Reduce costs through disposal or recommendation of alternative storage solution

Areas to be reviewed and assessed: 

  • Inventory of items held including condition report
  • When items last utilised 
  • Cost of storage vs value of items

IT - Infrastructure, Software & Hardware 

Full details coming soon