Operational Audits & Business Recovery
Assess your subsidiary. Facilitate true turnaround.
An operational audit is a proven tool that helps you assess your subsidiary’s business practices, reveal operational risks, improve transparency, analyze managerial effectiveness, and examine legal, accounting and HR compliance.
The assessment skills of PTL Group’s audit team have been honed through years of experience managing the company’s own entities and dozens of local client subsidiaries. Placing an emphasis on fast and affordable auditing, our team focuses on identifying weak managerial and operational links or problematic practices, while offering a clear roadmap for change.
Operational Audits – Key Phases:
- Learning: Our in-house team learns your operations’ key functions.
- Meeting: Our experienced local managers conduct face-to-face interviews with your local management to determine the effectiveness of current working practices.
- Reporting: We provide you with a short report that includes our findings and our specific recommendations for change.
- Allocation: Based on our findings, we determine our staff allocation to your business (financial management, operations, logistics management, distribution and asset management.
*After the audit, PTL Group can be commissioned to implement improvement processes, management coaching programs and follow-up audits.
Operational Turnaround & Transformation
Distressed Chinese subsidiaries don’t have to stay that way. Typically commissioned by a parent company’s head office, operational restructuring or improvement can facilitate fast turnaround and lay the foundation for future success.
PTL Group specializes in initiating and guiding operational turnaround & transformation processes. In 2011 & 2012, PTL Group was awarded the Asia Turnaround and Transformation Association (ATTA) 1st Prize for submitting a successful business transformation project regarding a foreign-owned China joint venture.
Our turnaround project success is based on several key factors, namely our staff’s accessibility and diverse expertise in areas such as human resources, finance, logistics, marketing, IT, industrial management and more. For highly specialized projects, PTL Group hires individual professionals to serve as project leaders.
Read more about the four key areas we tackle during operational turnaround.