Documenting your financial policies and procedures is a task that you know must get done at some stage, but it's rare that it makes it to the urgent list. However, in getting it completed, you know you will have more consistency, less confusion, and greater compliance, not to mention the reduced onboarding time required for new employees.
With our experience, the Hurricane Consulting team have the skills to:
~ Review the current status of financial policies and procedures and identify any gaps or out-of-date documentation
~ Create (using templates) or update policies and procedures by interviewing users, understanding the current methods they follow, recommending any changes, and updating and publishing the documents. User training on the new or updated policies/ procedures can also be provided
~ Where required, implement suitable training/ learning software incorporating how-to videos, screenshots and comprehension quizzes for self-directed learning
~ Establish ‘owners’ of each policy/ procedure and a suitable review/ update timetable
~ Create an overriding “Policy on policies” if required, to confirm:
The question should never be about whether you can afford the time and/or cost to create quality process documentation, rather whether you can afford not to!