Shrinkconsulting

BACKGROUND

Please describe your company and position.

I am the CEO of glocal

Describe what your company does in a single sentence.

We are a CMA firm specializing in cost management and accounting solutions, helping businesses optimize their financial operations and maintain compliance with regulatory standards.

OPPORTUNITY / CHALLENGE

What specific goals or objectives did you hire Shrinkconsulting to accomplish?

• streamline our firm's operational processes

SOLUTION

How did you find Shrinkconsulting?

• Online Search
• Referral
• Clutch Site

Why did you select Shrinkconsulting over others?

• High ratings
• Close to my geographic location
• Pricing fit our budget
• Great culture fit
• Good value for cost
• Referred to me
• Company values aligned

How many teammates from Shrinkconsulting were assigned to this project?

2-5 Employees

Describe the scope of work in detail. Please include a summary of key deliverables.

The scope of work  includes a comprehensive evaluation of our cost accounting processes and financial management systems. Key deliverables are:

1. **Process Optimization**: Assess and redesign workflows to improve efficiency in cost management, budgeting, and reporting.

2. **Financial Strategy Development**: Provide strategic recommendations to enhance profitability, including cost-saving measures and pricing strategies.

3. **Regulatory Compliance**: Ensure all financial operations comply with relevant Indian accounting and regulatory standards.

4. **Training & Implementation**: Offer training sessions for staff on the new processes and tools, ensuring smooth integration of recommended systems.

5. **Performance Metrics**: Develop KPIs and dashboards for ongoing performance tracking and financial health monitoring.

6. **Reporting Improvements**: Improve financial reporting formats for better clarity and decision-making by management.

RESULTS & FEEDBACK

What were the measurable outcomes from the project that demonstrate progress or success?

The measurable outcomes from the project that demonstrate progress or success include:

1. **Cost Reduction**: A 15% decrease in operational costs due to streamlined cost management practices.

2. **Process Efficiency**: 30% improvement in workflow efficiency, measured by reduced time in monthly financial reporting and budgeting processes.

3. **Regulatory Compliance**: Achieved full compliance with Indian accounting standards, reflected by no discrepancies in audits or assessments.

4. **Profitability Growth**: A 10% increase in net profit margins due to better cost control and strategic pricing recommendations.

5. **Employee Productivity**: Improved staff performance with a 20% increase in task completion rates after training on new systems and processes.

6. **Enhanced Reporting**: Monthly financial reports are now more accurate and delivered 40% faster, allowing for quicker decision-making by management.

Describe their project management. Did they deliver items on time? How did they respond to your needs?

Shrinkconsulting's project management was highly organized and efficient. They delivered all key items on time, adhering to the agreed-upon timelines for each phase of the project. Their communication was clear, with regular progress updates and milestones being met as planned.

They were responsive to our needs, quickly addressing any concerns or changes in requirements. Their ability to adapt to our specific accounting environment and provide customized solutions demonstrated a strong understanding of our business. Overall, their project management approach ensured a smooth and timely execution of deliverables.

What was your primary form of communication with Shrinkconsulting?

• In-Person Meeting
• Email or Messaging App

What did you find most impressive or unique about this company?

What stood out most about Shrinkconsulting was their deep expertise in cost accounting and their ability to provide tailored, industry-specific solutions. They took the time to understand our unique challenges and offered practical, actionable strategies. Their responsiveness and commitment to helping us achieve measurable results set them apart, as they were genuinely invested in our success. Additionally, their ability to streamline complex processes while maintaining regulatory compliance was highly impressive.

Are there any areas for improvement or something Shrinkconsulting could have done differently?

While Shrinkconsulting performed exceptionally well, one area for improvement could be enhancing the speed of initial onboarding and analysis. The discovery phase took slightly longer than anticipated, which could have been streamlined for quicker project initiation. Additionally, more proactive communication during the early stages would have been beneficial in keeping us updated on their progress and expectations. However, once the project was fully underway, their responsiveness and delivery were excellent.

BACKGROUND

Please describe your company and position.

I am the Founder of Ecliqs Consulting

Describe what your company does in a single sentence.

We provide result oriented digital marketing services

OPPORTUNITY / CHALLENGE

What specific goals or objectives did you hire Shrinkconsulting to accomplish?

Shrink Consulting provided accounting services. 

SOLUTION

How did you find Shrinkconsulting?

Online Search

Why did you select Shrinkconsulting over others?

• Pricing fit our budget
• Great culture fit
• Good value for cost
• Company values aligned

How many teammates from Shrinkconsulting were assigned to this project?

6-10 Employees

Describe the scope of work in detail. Please include a summary of key deliverables.

The team was responsible for drafting financial reports, reconciliations, and bank transaction processing.

RESULTS & FEEDBACK

What were the measurable outcomes from the project that demonstrate progress or success?

• Month end reporting timeline and adherence to deadlines. 
• Daily processing of invoices. 
• Month end accruals (Sales and Cost of Sales). 
• Aged Care expense processing processed weekly in accordance to month end timetable. 
• Timetable for analytical reports. 
• Error monitoring.

Describe their project management. Did they deliver items on time? How did they respond to your needs?

This is an ongoing daily, weekly and monthly requirement. Their performance was consistent over our two years of working together. Responsive to changing needs over time.

What was your primary form of communication with Shrinkconsulting?

• Virtual Meeting
• Email or Messaging App

What did you find most impressive or unique about this company?

They have very well qualified staff. Their accounting education is first class. Shrinkconsulting have expertise in a number of IT accounting systems. There is excellent supervision over subordinate roles. They are able to handle large volumes of invoice processing.

Are there any areas for improvement or something Shrinkconsulting could have done differently?

No, they are responsive when growth occurs, and change is needed. 

BACKGROUND

Please describe your company and position.

I am an Executive of Webgurug

Describe what your company does in a single sentence.

Webgurug is a Digital agency

OPPORTUNITY / CHALLENGE

What specific goals or objectives did you hire Shrinkconsulting to accomplish?

• Accounting
• Payroll
• Bookkeping

SOLUTION

How did you find Shrinkconsulting?

Online Search

Why did you select Shrinkconsulting over others?

• Pricing fit our budget
• Great culture fit
• Good value for cost
• Company values aligned

How many teammates from Shrinkconsulting were assigned to this project?

6-10 Employees

Describe the scope of work in detail. Please include a summary of key deliverables.

Shrink Consulting provided accounting services for a recruitment solutions company. The team was responsible for drafting financial reports, reconciliations, and bank transaction processing.

RESULTS & FEEDBACK

What were the measurable outcomes from the project that demonstrate progress or success?

• Month end reporting timeline and adherence to deadlines. 
• Daily processing of invoices. 
• Month end accruals (Sales and Cost of Sales). 
• Aged Care expense processing processed weekly.in accordance to month end timetable. 
• Timetable for analytical reports. Error monitoring.

Describe their project management. Did they deliver items on time? How did they respond to your needs?

This is an ongoing daily, weekly and monthly requirement.  Their performance has been consistent over our two years of working together. Responsive to changing needs over time.

What was your primary form of communication with Shrinkconsulting?

• Virtual Meeting
• Email or Messaging App

What did you find most impressive or unique about this company?

They have very well qualified staff. Their accounting education is first class. Shrinkconsulting have expertise in a number of IT accounting systems. There is excellent supervision over subordinate roles. They are able to handle large volumes of invoice processing.

Are there any areas for improvement or something Shrinkconsulting could have done differently?

No, they are responsive when growth occurs, and change is needed. but they need Work