PRAXIAM spectrum of activities, which assist organizations worldwide with their most critical business issues, covers 2 main areas: Internal audit and Transition management.

Internal audit and control

We provide you with expert resources and proprietary methodology and tools in order to help you evaluate risks, then construct, run and monitor your internal audit activities, either on a fully outsourced basis or on a co-sourcing basis working with existing internal audit department.

Our platform of IA (Internal Audit) services encompasses the following tasks:

  • Control of operational process risks
  • Execution of audit engagements and process optimization
  • Cartography of potential operational risks
  • Writing, update and enhancement of operational procedures
  • Assistance in audit and internal control development
  • Structuring of IA activity and methodological support
  • Audit Committee independent advisory
  • IA function quality assessment
  • Creation of IA planning
  • Company governance
  • Organization, execution and evaluation of your governance strategy
  • Ethics and fraud management
  • Information Risk Management (IRM)
  • Identifying and assessing technology risk
  • Information system control
  • ERP solutions due diligence (from selection process up to implementation and in-production phases)
  • Records and data management & security
  • Business processes and operations analysis

Transition management

There are numerous business situations which call for a transition manager as a prime and valued resourcing option. Typically, these could be situations such as change or transition management, sudden departure, illness, crisis management, MBOs and IPOs, mergers and acquisitions, and project management.

On short notice, and for a short to medium-term assignment, we can help your organization with the support of a proven interim executive manager.

Rather than taking on a purely advisory role, PRAXIAM transition manager can be in place within days (as opposed to weeks – essential when time constraints are paramount), will have past experience of similar challenges, will provide a fresh and independent perspective, and will act as a responsible and accountable line manager who will implement and manage a business, project or department in his own right.

We understand that transition managers’ missions are mostly unique and require highly qualified and innovative individuals with complementary skills and international working knowledge; based on our own experience, here are some critical areas which have been covered while on assignment:

  • Business processes and workflows improvement or re-engineering
  • ERP solution valuation, implementation and ROI analysis
  • Performance management tools design
  • Company procedures and business standard auditing
  • Group financial reporting package re-design
  • Product costing (and gross margin analysis)
  • Knowledge transfer (to the succeeding management)

In order to illustrate such a large scope of competencies, let us briefly describe some of our latest mandates:

  • Internal audit of subsidiaries and production plants in Europe, North America and Asia covering functions such as finance and accounting, controlling and reporting, logistics, production, human resources
  • R&D cost accounting in accordance with IFRS standards
  • Fraud audits
  • Performance evaluation and controls assessment of “in house” investment funds
  • Development and writing of financial procedures (budgets, investments, fixed assets, standard cost, inventory pricing, …)
  • Internal control of purchasing departments
  • ERP audit and controlling function support
  • Various interim missions focusing on finance and IT in Western and Central Europe