DUE DILIGENCE


The term Due Diligence refers to a detailed independent investigation of a business contract or decision which facilitates the informed decision making process.

Independence is extremely important in due diligence. It brings a “set of eyes” who are one step removed from the decision-making process to review and consider all substantive issues which may have an impact upon a balanced decision by the decision maker.

Fides Consulting can provide independent Due Diligence services in a whole range of situations and decisions. We conduct our review in a highly sensitive and confidential manner and provide a comprehensive report of our findings to the client.

MEDIATION


The fundamental concept of mediation is the development of a mutually agreeable resolution to a dispute. The mediator’s role is not to reach a decision; it is to help the parties reach their own decision, it represents a compromise between the parties. The concept of mediation as an alternative dispute resolution process can, if successful, save the parties substantial legal costs.

Comment: at Fides Consulting Pty Ltd we believe it is a far better concept for the parties to mutually resolve a dispute between themselves as opposed to embarking on a formal legal process which may result in a third party making an arbitrary decision for them and imposing that decision upon them.

REQUESTS FOR ADVICE


A request for advice requires the correlation of substantive matters of fact preparatory to, and in support of, a request for formal legal opinion or advice in relation to a dispute. This process sets out the factual basis that a party may seek to rely on in support of their allegations (in all its forms) to ground a complaint against another.

Engaging Fides Consulting Pty Ltd to develop and present a comprehensive request for advice to a solicitor has the potential to save clients thousands of dollars in legal fees.

RISK MITIGATION


Risk avoidance and risk reduction are two ways to manage risk. Risk avoidance deals with eliminating any exposure of risk that poses a potential loss. Risk reduction deals with reducing the likelihood and severity of a possible loss.

In today’s corporate world risk is ever present in all aspects of business, at Fides Consulting Pty Ltd we assist clients in the identification of, or likely exposure to, risk and in consequence how best to mitigate that risk.

STATUTORY APPROVALS

Many businesses and organisations today require an official approval, licence or a permit by law (State and or Federal) for the right to engage in certain activities.

Fides Consulting have a broad knowledge in dealing with such statutory and regulatory authorities. We embrace working and developing a close relationship with all statutory authorities and have achieved positive results.

We have experience with the following statutory and regulatory authorities:

  • Local Governments
  • Department of Mines and Petroleum
  • Department of Environment Regulation
  • Department of Parks and Wildlife
  • Department of Water
  • Department of Planning
  • Main Roads Western Australia
  • State Administrative Tribunal

Making sure that your business meets all statutory approvals and requirements is not only a risk mitigation but also adds value to your business.

In a competitive environment, it is important for business owners to stay focused on the primary objective of the business and not become distracted by the bureaucratic process required to obtain approvals. Fides Consulting supports and develops the business objective by undertaking comprehensive approval processes.

CORPORATE GOVERNANCE


Corporate Governance is a broad-ranging term which, amongst other things, encompasses the rules, relationships, policies, system and processes whereby authority within organisations is exercised and maintained.

The governance attributes of an organisation are moulded by a variety of factors, both “internal” (e.g constitution, organisational policies) and “external” (e.g. laws, regulations, community expectations). Effective Corporate Governance can, if approached correctly, improve corporate performance and function as a risk mitigation process.

Fides Consulting can assist and help business owners embrace Corporate Governance framework principles to establish and monitor compliance.

CORPORATE COMPLIANCE


In today’s commercial world, Corporate Compliance is a major issue that permeates through many small to medium businesses. Businesses and organisations often see compliance as an unnecessary cost, but when viewed from another aspect, it can be seen as a benefit.

Corporate Compliance is the need to adhere to established guidelines or specifications to help prevent and detect violations of laws and regulations.

Compliance is a prevalent business concern, partly because of an ever-increasing number of regulations that require companies to be vigilant about maintaining a full understanding of their regulatory compliance requirements. Legal liability may arise as a result of non-compliance.

Fides Consulting can formulate and develop internal systems to establish and monitor compliance.

INTERNAL FINANCIAL MANAGEMENT


The development and establishment of financial policies and procedures for generating timely and effective reporting to businesses is a vital element to their success.

Fides Consulting has developed effective day-to-day financial management and reporting processes which forms the basis of cost and income monitoring to ensure financial well-being.

The service extends from day-to-day financial management, cost sector reports, projections, and draft Profit and Loss, Balance Sheet reports to preparation, verification and lodgement of Business Activity Statements (BAS) by a qualified member of the Fides team.

PROJECT MANAGEMENT


A project is temporary in that it has a defined beginning and end in time, and therefore defined scope and resources. A project is unique in that it is not a routine operation, but a specific set of operations designed to accomplish a singular goal.

The project team often includes people who don’t usually work together – sometimes from different organisations and across multiple geographies and all must be expertly managed to deliver the on-time, on-budget results, learning and integration that organisations need.

Project management, then, is the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements.

Fides Consulting has considerable experience in undertaking project management to meet organisational objectives.

FEASIBILITY ASSESSMENTS


Feasibility assessments consider and bring together the various issues to be considered when determining viability. In any assessment, viability is a multifaceted concept which requires careful analysis which is essential in answering the question “should we proceed with the proposed project”.

Conducting a Feasibility Study is a critical step in business assessment processes and is a primary business practice.

Fides Consulting conduct balanced feasibility assessments focused upon viability and sustainability.

CORPORATE CULTURE

Corporate Culture is founded on the naturally occurring ethical values of the individuals making up the board of directors. Collectively, the board of directors are charged with creating principles which guide the executive and management on how things get done within the organisation.

The board of directors create, within the corporate charter, policies which effectively align corporate culture to achieve, as best as possible, the objectives of the organisation.

At Fides Consulting, we believe that the development of Corporate Culture is critical to business success; it defines corporate strategy; it is the carriage upon which business success rides; we believe a strong Corporate Culture aligned with the team member’s ethical values will bring success.

Culture must be continuously developed.

COACHING AND MENTORING


The aim of the Fides Consulting Coaching and Mentoring service is to increase the potential for success in small to medium businesses.

The training and delivery from coaching and mentoring is designed to increase the capacity and effectiveness of those charged with the responsibility to manage the organisation but also to increase the emotional intelligence required of the individuals to better adapt to the ever-changing commercial landscape.


CONTACT US

All Discussions Are Strictly Confidential

icon 1 26 Silver Sands Drive, Iluka, WA 6028

icon 2 Consultancy: 0447 733 372

icon 2 Administration: 0400 293 898

icon 2 BAS/Bookkeeping: 0439 350 345

icon 3www.fidesconsulting.com.au