better process
    
lower risk    
higher returns

Banking is regulated by Reserve Bank of India and various other acts which makes high risk of regulatory non-compliance by banks. Bizminder helps banks comply with Reserve Bank of India compliances and also help them in drafting rectification reports apart from other management consultancy services.

Market understanding for location of proposed branch

For any co-operative banking, expansion is inevitable as the banking awareness among people is increasing day after day. Under such circumstances, it is very important for the top management to have a deeper insight on the local information where the proposed branch is to be opened. Bizminder helps management by presenting comprehensive report on the area in which the bank proposes to open branch.

We help you by providing a report considering –

Information on banks already present in the areas
Potential business that each bank is doing in particular locality
Insight on the products offered and the success ratio of each product and services offered by existing banks

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Business planning

Whether you need to present a business plan to your stake holder or to your fellow management team, Bizminder takes you through an in-depth interactive process to challenge and validate your vision for your business.

If this is your situation –

You want to analyze complex economic factors before finalizing your investment.
You want to compile your vision in a more investor friendly way.
You want to prepare techno-commercial business plan

How Bizminder can help

We apply our economic skills to provide organization with clear insights and compile client’s business plan in a way that supports informed business decision.

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Project management

If you are planning for establishing a branch or constructing your head office, Bizminder can help you with end to end project management services. We have experience financial, architectural & engineering team to execute your project seamlessly.

We provide you with –

Architectural design in compliance with norms set by head office.
Developing the cost of building.
Project monitoring & execution services.
Project financial budget monitoring services to help maintain the development budgets under control.
Reporting & communication support with top management for updates with status of construction.

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ERP advisory

The most important first process towards going for an ERP software is understanding your internal requirements and developing a feature list to be presented to the vendor. If you are developing or customizing software, a pre requirement list helps shortlisting ERP vendor significantly. At Bizminder, we have process expert teams who can understand your requirement and develop process flow chart helpful for your software vendors.

We provide–

Development of process flow diagrams with control aspects and module designs to help software developers customize your software.
We help you designing the Management Information System reports in way that can help you in decision support.
Training for extracting and utilizing MIS reports.
Co-ordination with your software vendors on your behalf.
User acceptance testing to make sure you have received what you contracted with the vendor.

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Organizational structuring

Organizational strategy is fundamental to the success and sustenance of any cooperative banking organization. The structuring of organization should be such that it gives best work environment to staff and others at the same time enhancing overall manpower performance.

If this is your situation –

You want your human resource chart with definitive roles and responsibility, job descriptions and trainings for better human resource performance and organization.
You want organizational design and structuring to be done in line with your business vision and mission.
You want to form strategic business units based on various businesses you have. You want to develop a business unit strategy.
You want to develop a shared services department as a common pool of activities required for all your units under your bank.

How Bizminder can help

Our strategy team develops various models which projects the implication of scenario based strategy alternatives that are presented to the clients with thorough research. This helps client in decision support for strategic alternatives. Further, Bizminder’s team helps clients to implement the strategies in a phased manner, assuring success of the strategy and its seamless execution. We do this by –

Devise & implement effective human resource chart along with job roles & responsibilities.
Structuring strong core business
Consolidating under group structure and implementing Business unit strategy to enhance brand value and achieve potential economic benefits in each unit.
Devise path to achieve leadership economics
Targeting large and growing profit pool.

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Standard operating procedures

Standard Operating Procedures (SOPs) are a necessary component of every modern business. SOPs act as process books that describe a set of procedures and protocols for a particular action. Standard Operating Procedures describe how processes work, detailing the roles and resources that are involved in a particular process. Although SOPs are a vital part of every business, they are time consuming projects that pose significant challenges to companies of all sizes. Whether creating, approving, distributing, or revising SOPs, the amount of work involved can be enormous.

If this is your situation

You want to

Create SOPs
Document SOPs
Approve SOPs
Distribute & implement SOPs
Revise SOPs

How Bizminder can help

Bizminder’s Process Team can document your business processes, helping you to create a leaner business model by optimizing your standard operating procedures. In order to ensure that your SOPs are optimized, trust our trained professionals to efficiently document your standard operating procedures using industry best practice frameworks.

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RBI compliance management

The top challenges in RBI compliance by co-operative banks –

Long list of guidelines to monitor, track and report
Need to coordinate with multiple team members, departments for information, evidence
Need to track and report on quarterly basis
Need to track progress and status of implementation plan on frequent basis

Bizminder has a dedicated team of experienced banking professional and execution models to help you manage RBI guidelines in a systematic manner. We offer this services on monthly/quarterly/six monthly basis based on the operations of the Bank.

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Business process improvement

Business process improvement is imperative for organizations challenged with doing more with resources that have been permanently reduced. When designed and implemented effectively, business process improvement initiatives can deliver substantial benefits to your organization, including greater strategic value, more efficient resource utilization, higher quality products and services, accelerated time to market and a strengthened bottom line.

If this is your situation –

You want to efficiently map all business processes and the factors affecting each process. This will help you to understand the overall workflow for better decision support.
You want to devise management information system plan and test if manually before planning for Business process management system.
You want to stress test your management information system to restructure it to better support management with decision making.
Your key objective is to achieve quantifiable improvements by minimizing inefficiencies, improving decision-making processes and improving control methods.

How Bizminder can help

We are a full service consultancy firm with deep expertise across all critical enterprise functions, including finance, operations and human resource. Our insight enables us to quickly assess your business performance and prioritize business process improvement opportunities across the organization to generate the greatest return.

Our business process improvement methodology

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Cost optimization

Finance & cost optimization is the review of the financial operations of client, resulting in the forming of an independent opinion on whether or not those financial operations have any income leakage, cost cut back and commercial enhancement opportunities available. This helps the organization to identify excessive costs, take benefit of unidentified commercial opportunities and make strong financial strength from perspective of Investors, Bankers and Other Stake Holders.

If this is your situation

You want to enhance your financial position keeping in view industry ratios and best practices.
You want to have expert financial advisory on complex business transactions.
You intend to check if there is any possibility to reduce costs or if you are incurring unnecessary cost that can rather be avoided.
You intend to identify if the pricing of your product is optimum or if there is any product mix planning that can be done.
You want to explore the possibility of income enhancement by optimally restructuring financial operations.
You want finance experts to be hired on retainership basis.

How Bizminder can help

We carry comprehensive financial analysis and process walkthrough to understand the overall financial function of the client. We then do a benchmark analysis and implement various models to identify various ways to enhance financial position of the entity.

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Management operational audits

Our Internal Audit team provides management and the Audit Committee of the Bank with reasonable assurance that the management control systems throughout the Bank are adequate and operating effectively. Internal Audit provides an independent and objective appraisal of activity for management and assuring them that risks are held at bay. To this end the Internal Audit provides the management with analysis, recommendations, counsel, and information concerning the activities reviewed.

We provide –

Operational Audits review operating information and procedures to determine if any modifications of the operations could result in greater efficiency and effectiveness.
Information Technology Audits evaluate system processing controls, data security, physical security, systems development procedures, contingency planning, and systems requirements.
Management Audit reviews an independent and objective of management capability. It is used when institution is planning for change and to evaluate executives’ skills and potential.

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Performance audit

A performance audit reviews the wider management issues of a bank and whether it is achieving its objectives effectively, economically and efficiently. They are sometimes called “value for money” audits because they can advise whether there is value received for the money being spent.

Our process –

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Financial risk management

Risk management is a complex function that requires specialized skills and expertise. The design of risk management function is always banks specific determined giving due considerations to size, complexity of function, the level of technical expertise and the quality of MIS (management information system).

We provide risk management by establishing following broad function in your bank in phased manner –

Organization structure
Comprehensive risk measurement approach
Compliance management
Strong MIS reporting
Standard operating procedures
Periodical review and evaluation

We help you cater to following major risks –

Credit risk
Operational risk
Legal risk
Liquidity risk
Interest rate risk

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NPA management

To be in profitable business is always a preferred situation for any business, however due to uncontrollable factors around there are chances that a performing asset may sometime turn into non-performing asset. Once asset turns into non-performing, it start hitting the bottom line and then overall target gets compromised at various levels. To control or reduce the impact of non-performing asset it is required that each asset needs to be monitored carefully.

We help cooperative banks to identify possible NPA’s much before and try to provide solutions for turning around of possible NPA so that the banks are saved from getting a performing asset non-performing. We do this by providing business solutions, identifying alternative finance options for the business which is turning NPA or provide for a merger & acquisition consulting so that the business is intact without effecting banks performance.

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Mergers & acquisitions

Mergers & acquisitions has become a competitive tool to gain advantage in banking industry. This activities have gained importance to add value to overall strategy of the organization may it be increasing infrastructure foot print or the quality of assets.

We help you in –

Developing & evaluating purchase/sale consideration
Buyer search if you want to sell your organization
Seller search if you want to buy a running organization
Negotiations
Legal agreements & overall transaction support.

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Financial excellence

We help banks achieve financial excellence by providing retainer services and achieving -

Efficient financial reporting across entire enterprise
Robust NPA management
Systematic closing of financial reports on regular basis
Optimized compliance standards
Aligned and coordinated planning
Performance driven enterprise
Integrated decision support

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Regulatory insight

Bizminder regulatory insights focuses on the latest news and analysis of regulation that have impact on your bank.

We provide you with following services –

RBI circular interpretation analysis
Legal analysis & technical interpretation of new norms
Tax implication report
Tax efficient business structure
Legal opinions on tax provisions

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Service tax advisory

We help you in –

Structuring your deals in tax efficient way
Legal opinion
Implications
Compliance

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Sustainable tax policy

Corporate profile

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