Thursday, January 23, 2020

Engineering Consultant

The Engineering Consultant has added value versus other kinds of counseling. Being prepared by one or more members who do not belong to the organization, it is a process especially conducive to objectivity and impartiality.
However, you should keep in mind that this service does not always pursue the same purposes nor is it determined by the same corporate objectives. In fact, the main purposes of financial consulting include:
  • Set corporate goals in the medium and long term. If there are no goals in this regard, one can never speak of a financial evolution. As the leader of your company, you should know where it is going and what capital or investment prospects it has in the immediate or distant future.
  • Evaluate the current financial status of an organization. Other times, the purpose of this service is simply to know the financial status of a company. The two most common reasons for this are: either because the company has entered a crisis situation and its balance sheets show data in red, or because it has growth and expansion plans. Be that as it may, the information obtained must be useful and timely.
  • Prepare a financial plan. Although it seems difficult to believe, a high percentage of companies do not yet have a coherent and realistic financial plan that allows them to execute their actions. The elaboration of this plan also enters into the basic functions of a financial consultant.
  • Execute the actions of the financial plans. Financial consulting not only deals with developing plans; When the service is integral, it also carries out the execution of the planned actions. This requires, however, a high degree of knowledge on the part of the consultant towards the company for which he is working, even if only temporarily.

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