Other Industries Consultancy

Præsidium has successfully expanded its telecoms consultancy practice by offering its wide range of Business Assurance consulting services to serve numerous other industries, including Utilities , Retail , Finance and Healthcare :

Utilities

The utility industry is going through a period of major change. National and regional monopolies - which manage everything from power generation through to retail supply - are splintering into many components. The industry is also being affected by greater regulation, more competition, price volatility, environmental regulation and fluctuations in demand.

As a result, utility firms are under pressure to reduce costs and improve operational efficiency. To achieve these objectives, the industry needs to adopt robust business assurance practices. Praesidium’s experienced team of consultants has a proven track record in delivering operational efficiencies and reducing business risks for utility companies.

Retail

Today’s retailers are under a great deal of pressure. They are suffering the effects of price deflation - customers are more cost-conscious and demanding than ever. Retailers are responding to this challenge by launching new products, deals and promotions. And they are trying to outdo each other by being first to market. The industry itself is going through a period of major change. The past decade has been marked by the growth of multi-national conglomerates and discount retailers. These companies have used their financial muscle and economies of scale – across supply chain, distribution and inventory management – to squeeze out local competitors. At the same time, all retailers are being forced to face up to the challenge posed by the Internet.

To win market share, retailers need to reduce costs and improve their operational efficiency. Robust business assurance practices are required across the industry. Praesidium’s experienced consultants have a proven track record in delivering operational efficiencies and reducing business risks for retailers large and small.

Finance

The landscape of the financial services industry is changing markedly. In part, this is due to the global credit crisis, which has generated a wave of mergers and acquisitions. But there are other factors at play too. Financial institutions are making extensive changes to their portfolios, some banks are being nationalised, and there is much greater focus on compliance and corporate governance. As a result, banks and financial institutions are having to deal with competitive pressures of an unprecedented nature.

Never before, has there been such a pressing need for robust business assurance practices across the industry. Praesidium’s experienced consultants have a proven track record in delivering operational efficiencies and reducing business risks for all kinds of financial service institutions.

Healthcare

The healthcare industry is undergoing significant transformation around most of the world. Governments are introducing new national health models in many countries, with different roles being assigned to the public and private sectors. From the demand perspective, the ageing global population is applying increasing pressure on all the local healthcare institutions as average life expectancies continue to rise.

Praesidium’s approach within the healthcare industry is to analyse each stage of the revenue cycle, from hospital admission, through to treatment and discharge and finally, the closure process. Praesidium’s methodology takes into account the institution’s performance targets from a financial and administrative as well as a clinical perspective, which involves the analysis of processes and systems to identify potential revenue leaks, unnecessary costs, any fraud risks as well as general procedural errors.