The client, an India based Forgings and Auto components company, needed help in their Internal Audit, Internal Financial Controls and Cost Optimization programs.

1. Specialized Internal Audit of various areas.

2. Review of financial mapping, processes and internal controls in respect of Inventory, reconciled inventory data in SAP, valuation of inventories, authorization matrix for inventory controls (including manual logs), financial trail and overall impact on the inventory on the financials and recommended Best practices.

3. Cost reduction program along with analysis of optimum costs for scenario levels of business activity.

1. Identified cost savings of US $ 6 Mn 2. Also additional optimization opportunities were further identified.